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Can Payday Loans Threaten To Take Your Home?

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    They can threaten but the most they can do is put a lean against it.
    0 0

    David1967  

    answered 3 months ago

      They can threaten all they want, but the fact is, a payday loan is an unsecured loan.  You did NOT put your house up as collateral to secure this loan. They are basically trying to scare you into paying them.  

      If they were to sue you and get a judgment, they could put a lien against your home to collect on the judgment, but they would garnish your wages or attach your bank account first.
      0 0

      Askjuliqhp  

      answered 3 months ago

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