{"id":2017,"date":"2021-09-03T13:48:28","date_gmt":"2021-09-03T12:48:28","guid":{"rendered":"https:\/\/dollarhand.com\/?p=2017"},"modified":"2023-07-20T13:34:04","modified_gmt":"2023-07-20T12:34:04","slug":"can-payday-lenders-sue-you","status":"publish","type":"post","link":"https:\/\/dollarhand.com\/guides\/can-payday-lenders-sue-you\/","title":{"rendered":"Can Payday Lenders Sue You?"},"content":{"rendered":"

If you are unable to repay a payday loan, you can be sued and taken to court<\/a>. However, this is only used as a last resort if the borrower fails to communicate with the lender.<\/p>\n

It should be noted that a payday loan is designed to be used as a short-term fix for unexpected one-off payments. These loans should be used to bridge the gap between one paycheck and the next, so you should only ever be borrowing from payday lenders for a short period of time.<\/p>\n

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\"payday-lenders-sue-you\"<\/p>\n

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Can I be Sued By a Payday Lender?<\/h2>\n

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In short, yes. Payday lenders can take you to court if you miss repayments to the lender. If the lenders win the court case, you will be required to repay the amount that the court states.<\/p>\n

Lenders will often work with you to attempt to secure the money they are owed in a way that best suits both parties, however, if no resolution can be found, they can take you to court. Taking a client to court would be the lender\u2019s last resort, as it is costly and not always beneficial for the lender.<\/p>\n

There are a number of potential consequences for not repaying a loan: your credit score could be negatively impacted, making it more difficult to borrow money in future; your wages could be garnished; and debt collectors could be sent to seize some of your assets. Despite this, it is incredibly unlikely that you would go to prison for not repaying a loan<\/a>.<\/p>\n

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