CANADA Yes.
Based on personal experience, a payday lender in Canada will take you to court, because they have the proof, and generally they already know they will win and get their money. In Canada, they can also recover the small claims court fees that it took to sue you. In some cases, they do not have to exhaust any other remedies if they do not want to. Most payday lenders have such high bad debt that it makes sense to hire someone full time just to sue people. When payday lenders choose to sue you, they are already almost 80% positive they will recover the money due to the amount of information they have on your pay and banking. In Canada, the court will award the lender the ability to garnish your wages, and can also garnish people on disability and pensions. They also have the ability to allot any monies in your bank account towards the debt, and can take all the money in your account to go towards the judgment. That is why they like to know if you have automatic deposit to your account.
United States of America
Yes.
Before a payday lender will take you to court (if they choose to go to court at all), they will generally exhaust all of the other remedies available to them under the Fair Debt Collection Practices Act (FDCPA).
Because of the size of payday loans and the relative cost in dollars and people resources to go to court, many payday lenders choose NOT to pursue legal remedies unless they believe that (1) the borrower has the means to make payment and (2) they can clearly establish that the borrower is in the wrong.
Even after a civil judgment has been made against a debtor, in over 50% of cases, that debtor does not pay the debt.
Yes. A payday loan company may sue a borrower in Texas in order to get their money back.
No at least I don.t think they can
this is actually a site that refers you to a payday loan company. They take the application and then give it to several companies. They only give you information for the ones that they can guarantee an approval with.
Yes. And depending upon the circumstances the "bad check" issue might be a criminal one.
Absolutely ! If you've borrowed money against your wages, and default on payments, the finance company can (and will)take you to court to recover their loan. This will result in their debt being taken directly from your wages - plus the cost of the court action !
Yes. A payday loan company may sue a borrower in Texas in order to get their money back.
no payday loans are illegal in arizona
Yes. If you owe them they can go to court to get the money.
it is a possibillity but...No but they can cash the start up check.
No at least I don.t think they can
this is actually a site that refers you to a payday loan company. They take the application and then give it to several companies. They only give you information for the ones that they can guarantee an approval with.
Yes. And depending upon the circumstances the "bad check" issue might be a criminal one.
Absolutely ! If you've borrowed money against your wages, and default on payments, the finance company can (and will)take you to court to recover their loan. This will result in their debt being taken directly from your wages - plus the cost of the court action !
Being on social security won't stop them from debiting your bank account. You would have to check with your attorney general or consumer protection agency for your state. Some states have made payday loans illegal, therefore if they tried to take you to court, they would lose anyway. If your state allows payday loans, then they could take you to court and win.
You always take a risk when using any payday loan company. I recommend sticking with the better known ones like moneytree.com and checkintocash.com.
Quicken Loans or Moneytree are reliable cash loan companies. You can take out a payday loan and you'll be able to pay it back when you can. I hope that helps you.
A payday loan company can take the action of notifying your boss that they going to serve you papers.