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Forum search results for payday loan paycheck advance
Who invented payday advance loans
The loans people get before there paydate and are supposed to be used for emergencies only, are used for long periods of time(more then a year). sometimes people default on these loans becuase they get to many, maybe around 3 or 4 the problem is that based on there pay the loans are issued. people's paychecks are altered even bank statements or they go to 3 or 4 different payday places and apply, get the loan and since the system that is used will report but not until later that day, and some companies do not report the issuence of a loan at all. eventually they dfualt then poeple are sued 3 times the amount of the loan, wages are garnished and a report is sent to the credit agencies. mainly its to much work on a $300 dollar loan and its frustrating when we have to call for collections, people get upset all of the time, but you took out the loan you where not forced now pay it. Read more
