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InternetPayday.com Announces Continuing Expansion of Free Online Educational
InternetPayday.com, a website offering access to a trusted network of payday lenders, now provides brand new resources informing potential borrowers about the benefits and challenges associated with payday loans. These types of loans are small, …
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BBB alert: beware of tax scams
In most cases, tax refund anticipation loans only give consumers their refund a few days faster than the IRS, which can direct-deposit your refund in as few as 10 days. “Consumers may assume that the loans will be paid off quickly when their refund …
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Question by : legal repercussion for not paying on an on-line payday loan?
Okay so i have made a huge mistake. This is my responsibility to take care off and I do not want to screw anyone over “BUT” I cant help but wonder what the repercussions would be if I decided to say “screw them”..
I live in the state of Maine and I was curious to know if i could get a payday loan so i submitted an application and, within the application it asks you for your banking info. I filled out the hole application out and received TONS of results. After reading the fine print i decided not to go Threw with any of them. I woke up the next day to realize 300$ was credited to my account. I was confused but i ended up saying “screw it” and took the much needed money. The next day i woke up and once again discovered 300$ more credited to my account from a different company… I went to my bank and got all the info on this company called them up. After a heated debate they refuse to take back there money without charging me a finance fee of 90$ . I told them to “kiss there money goodbye and they would never see a penny from me”…..closed my bank account and moved on….Well now looking on it I imagine this is going to come back to haunt me. What can these 2 companies do to get there money back? I most likely will suck it up and pay them but i cant help but wonder can they really do anything to get there money? apparently by hitting the submit button gives them the right to use that as an signature towards the terms…….i didn’t no this and i wish i never applied. Any suggestions?

Best answer:

Answer by raina_vissora
If you refuse to pay what you owe, they’ll send your account to collections. That means your credit score is going to take a pretty big hit, and they’ll probably take you to court eventually.

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