What happens when you can not re-pay pay day loans?

Answer by  Cecilia (2828)

The answer to your question will depend on what state you live in. You should find the papers you signed and read the fine print. That form will tell you exactly what the company can do. Check the details for interest and rollover. Good Luck.

Answer by  maber (1427)

You can either roll it over to a new month or you will be turned over to a collection agency.

Answer by  John (9008)

You default on the loan. There are usually substantial fees for doing this. You may be able to get a new loan to pay the old one.