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payday loan

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Old 10-29-2006, 10:32 PM     #1
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Default payday loan

I recently defaulted on a payday loan and a law firm called me at work this past Friday and said they are proceeding with charges on 3 different accounts unless I paid $635 by 12:00 noon that day. I asked for 1 week and they said no. Can they do this? This was the first time I was contacted about this. The default was an accident because my checking account was in the negative. Please advise.
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Old 10-29-2006, 10:35 PM     #2
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Default Re: payday loan

They normally have to sue you in court--and it takes a good deal of time to do so.
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Old 10-29-2006, 11:46 PM     #3
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Default Re: payday loan

Half the time those companies are ilegal, my sister just stopped paying and the state attorney general supported her--check that out!
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