Comments on: “What legal action can those payday loan companies take for default payments in Texas,and what are the chances

By: Mo

Mo — Fri, 23 Jan 2009 19:51:16 +0000

When you borrow money from those places, you are also agreeing to their terms. Your checks will be garnished until the interest and penalties are covered.

By: Maggie BR

Maggie BR — Thu, 22 Jan 2009 04:34:19 +0000

I don’t know about Texas but in Kansas if it is over 500.00 you got a big problem if they choose to sue. Legally you can pay them any amount a month but if you are in default they can refuse any payment arrangements less the balance in full and sue you even if you are making payments. They can talk to you or leave one message a day but they can call 20 times a day if they want to. Also you probably gave them references so they will call them also. I have a friend that defaulted on 2 and bugged her until she paid.

By: entidtil

entidtil — Tue, 20 Jan 2009 19:31:57 +0000

The theory that paying only a $1.00 a month will keep you out of trouble is just a myth. If you were hauled before a judge, he would tell you that you have to make a sincere effort to pay. $1.00 a month is not a sincere effort.