i live in VA and I have been a user of payday loans. One suggestion: If you really don't need the money, don't get it because they are highly addicted and that is when you will find yourself 3 -4 loans in debt.
Anyway, last Xmas was the last time I took out a pay day loan, two of them $500 each. Of course it was the holidays and I couldn't pay it back. So I ignored it for a little while a few weeks well into January. So I mailed a money order for $75 to both PDL. Then a few weeks later I mailed another $75. A few weeks later I called and told them what I was doing. Paying a little at a time. Really what could they do but accept it?
I am still about $200 in debt, but I don't worry about them calling my job or my friends. So try that if you can. Just pay what you can. I wouldn't ignore it because you really don't want them to take you to court.
BTW my aunt works at one of these places and it has been times where she has gone to people's homes and jobs looking for money. So try to work out something with the PDL. Always be nice and act as if you really need them to help you. Ask what they can do for you. I know it sucks but sometimes you have to suck it up.
I haven't dealt with those out of the country. I always went to Advance America and Check into Cash.
If they are not legal, they cannot take you to court 95% on internet pay day loan companies are illegal to start with.
Exactly. It won't do much, but the AG of Virginia has taken a personal stand against these idiots and has filed numerous lawsuits against some.
I cannot stress it enough, just pay back what you borrow and do not have any further contact with these people. If they are illegal and unlicensed, you are liable for NOTHING. They will trheaten you and tell you anything they can to get you to pay. DO NOT talk to them.
I've gotten myself into quite a mess with payday loans. I live in PA & I'm just wondering if anyone knows if the following companies are legit. Unfortunately I'm going to have to default on them & I'm not sure what will happen next, can they take me to court, garnish my wages, will my loans be sent to collection agencies or will there just be constant harrassing calls?
Biggest Cash Payday
Sagamore BB ProcLOANSHOP/NOBLE
CENTRUION FUND LOAN
I'm planning on contacting my bank Monday to try & close my acct before my next due date of 12/26.
Thanks for any help & advise.
I would suggest you checking your state statutes by clicking the link in my signature titled "State Resources".
This is going to be your best source of information on how payday loans are regulated in your state and what they can/can't do.