I Closed my Bank Account, Owe Payday Loan
I Owe a payday loan of $315, I closed my Bank Account due to overdraft fees from a unauthrized mechant. Now I have recieved a letter from a Collection Lawyer,
I dont have any money, I'm on a fixed income of SSI.
Can the Payday Loan Company Sue me?
Re: I Closed my Bank Account, Owe Payday Loan
Yes, of course they can sue you...if they didn't have the power to sue, how long do you think they would stay in business? It isn't a charity, and they have effective ways to assure repayment, or everyone would be borrowing and not paying. In fact, if they don't sue you, send me their name and address, I want one of those kind of loans too!
Re: I Closed my Bank Account, Owe Payday Loan
Yes, of course they can sue you...if they didn't have the power to sue, how long do you think they would stay in business? It isn't a charity, and they have effective ways to assure repayment, or everyone would be borrowing and not paying. In fact, if they don't sue you, send me their name and address, I want one of those kind of loans too!
Re: I Closed my Bank Account, Owe Payday Loan
Yes, of course they can sue you...if they didn't have the power to sue, how long do you think they would stay in business? It isn't a charity, and they have effective ways to assure repayment, or everyone would be borrowing and not paying. In fact, if they don't sue you, send me their name and address, I want one of those kind of loans too!
