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If you have more than one payday loan out can you be prosecuted if you default?

Kyle Mckinney

in Student Loans

1 answer

1 answer

Theresa Perry on March 13, 2019

Depends if you have an internet loan or a store loan. If you have an internet loan they can not sue, but that can be taken to court if they are legal, legitimate of the company (which many payday loan lenders are not).. Store front loans, on the other hand, are a different story. Actually write real tests, and in case of non-compliance, many are often effective, leading to check fraud charges against you.. The best thing to do is to only obtain a pay day loan if you can pay IN full your next pay check. The interest rates are very high and, often, digging in deeper into the debt trap. Getting more than one is extremely unadviseable. You WILL be harrased at work, home, and any other place you can possibly be bothered.

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