I’m in extreme financial trouble and I need help I dont even know where to begin?
Question by Dawn: I’m in extreme financial trouble and I need help I dont even know where to begin?
I have lost my home had my wages garnished and I have 8 payday cash advances out from when my work dropped our hours for over a year. Please can some body help me o dont even know where to start
Best answer:
Answer by Bolt Thrower
Declare bankruptcy. It will hurt your credit rating but it seems like that’s your only option.
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Can a Payday Loan/Cash Advance company report you to the credit bureau if you dont repay?
Question by Brit: Can a Payday Loan/Cash Advance company report you to the credit bureau if you dont repay?
I have a Payday Loan/Cash Advance that I didn’t pay back now its on my credit report. 1st question is can they do that?? I have recently received some papers in a mail stating that these types of companies are currently in a Class Action Lawsuit. 2nd question…If the case goes in our favor..can I get this taken off my credit report?
Best answer:
Answer by My Take on It
Of course they can
They extended you credit and you didn’t repay them according to the contract (it’s like 5 or 6 pages that you have to sign to take out these loans, lots of small print that informs you they can report you if you do not pay)
Depends on what the class action suit is about. The thing is, by the time the class action suit is ironed out, it would either be off your report (aged off) or you will be sued by them or the collection agency they sell your debt to, so it won’t matter.
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