Posted on Dec 4, 2018

Achieve Finance

Can An Online Payday Loan Take You To Court?

Known as payday loans online, deferred deposit loans or check advance loans – such are all short-term loans ranging anywhere between $100 and $1000 that appeal to individuals facing a difficult financial situation, offering them a quick fix until their next payday.

“Defaulting” on a loan, otherwise known as missing a payment, can bring about many different consequences including automatic withdrawals from your chequing account, bounced checks or payments, NSF (Non-Sufficient Fund) charges. This payday loan will affect your credit rating, can lead to repetitive calls from collection agencies and even worse – a lawsuit.

So, Can A Payday Loan Take You To Court?

Facing an overdue amount – no matter how small that amount may seem? Then chances have it that you’ll be taken to court for a lawsuit. It is important to keep in mind that no amount is ever “too small” to be neglected. More so, once the court judgement has been decided, further and even bigger problems can come to be, including property seizure. In most places in the states, a judgement is viable for ten years and therefore, any property you may put your hands on over the next ten years can be used to repay your debt and any additional fees that have accumulated over time.
Get quote
Message sent. We'll get back to you soon.