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Can Someone Get Sued For A Payday Loan?
I have a friend that's been getting threaten phone call from a payday loan company about a past payday loan.
asked 1 year ago
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Also, being a first person collector... They are the ones your friend borrowed the money from directly... They can be a little more lax, legally, in how they speak to their "customers". Telling a client that they are being prepared for a lawsuit is not considered a threat if the company actually has the ability and compunction to follow through. In that case, the collector is merely stating a fact of what will happen if your friend continues on his/her course of action.
answered 1 year ago
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Yes, Payday loans are a lender, and their clients are obligors. The company can attempt to collect a debt for failure to repay by filing suit.
answered 1 year ago
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