Will payday loan company sue me over a few hundred dollars?

I took out a payday loan that for $600 dollars a long time ago. Since then my account was sent to a collections agency. I recently made a payment arrangement and manged to get my balanced down to $233.00. However, I've become unable to continue the arrangement and asked if I could send $25 dollar payments every month. They aren't willing to do that and they have threatened to take me to court and add on court fees as well. Are they just threatening me so that they can get the $233 I owe them or is it really feasible that they should sue me over such a small amount I owe them? It seems like they would lose more money if they were to sue me. Plus I still intend on sending them some money every month until I can pay off the balance. Thank you for your help!

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  • 7 years ago
    Favorite Answer

    It's possible they will sue you, but very doubtful. If they do, then fight it very, very, very hard. For example, if they file in small claims, have the case moved to municipal court where it gets very expensive. Start the discovery process. Depose everybody.

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  • 3 years ago

    they are going to hound you to the grave for $233. the only people who borrow from them are people who're complicated up. in the event that they assist you skate, how will that seem to others? attempt to borrow some money from a kinfolk member, in case you may. grant the payday human beings $a hundred and fifty to settle it, then pay returned your buddy or kinfolk member $30 a month. attempt to by no ability do employer with those style of operations returned, they are bloodsuckers.

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  • Anonymous
    6 years ago

    You are able to instanly obtain an advance payday loan up to $1000 employing this service: http://loans.servermatrix.org I managed to get my payday loan although I have a very awful credit history.

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  • M W
    Lv 7
    7 years ago

    They won't give up, even if it means a complaint in small claims court against you. That would entitle them to go for a wage deduction order and garnish your wages.

    Do your best to work something out now before they sue you. They are not just threatening you, they mean business.

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  • Anonymous
    7 years ago

    Try sweetening the deal some - instead of $233, offer $400 or so at $25/mo. Or increase the monthly payment.

    They will take you to small claims court otherwise, and when they say adding on court costs are involved, that'll become your responsibility too. You're clearly in the wrong here, so going to court is not your best move. Just pay this off. Get another job if you have to.

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  • 7 years ago

    Yes the payday loan company will sue you. You will pay the $233 plus penalty fees as well as all court costs. It is not reasonable to make a $25 monthly payment on an outstanding debt. The only one losing money in this situation will be you. Payday loans were never meant to be used as a long term loan. You should consider this a painful learning experience.

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  • 7 years ago

    Court fees, then possible garnishment and levy fees.

    That little bill could easily triple.

    Do you have anything you could take to a pawn shop and sell for cash?

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  • R
    Lv 5
    7 years ago

    I would keep making whatever payment yo ucan but yes they can sue you. and what would they lose?? they would probably take on court costs yo you as well. Most places though if y oukeep making payments they wont move ahead since they are still seeing $ come in.

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