Monthly Archives: October 2020

What happens when you can’t repay a payday loan?

A payday loan default can result in bank overdraft fees, collection calls, damage to your credit scores, a day in court, and garnishment of your paycheck. Don’t think it can’t happen because you only borrowed $300. “If you have a valid, binding legal agreement to pay that debt, and you’re in a state where they can sue you and garnish ...

Read More »