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Nov 1

What happens when you fail 2 repay a payday loan?

Posted on Sunday, November 1, 2009 in Personal Finance

wut’s a girl 2 do? asked:


I have an outstanding payday loan and they want to take me to
court. I wrote a check for the loan and it bounced and I have paid on the loan since but haven’t been able to pay it off. I really don’t want to go to court but they aren’t willing to work with me. Can anyone tell me what happens at that point?

Benjamin
Sep 27

Do personal loan underwriters spend a lot of time verifying income or do they rely on credit score?

Posted on Saturday, September 27, 2008 in Credit

Daniel G asked:


Do personal loan underwriters spend as much time as mortgage loan undertwriters verifying income? I know mortgage loan underwriters spend days checking a loan and have tools to check docs. Do personal loan underwriters follow the same guidelines?

Bessie
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