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Dont think it cant happen because you borrowed only 300. If you have a valid, binding, legal agreement to pay that debt, and youre in a state where they can sue you and attach your wages, youre playing a game of chicken that youre going to lose, says Bruce McClary, spokesperson for the National Foundation for Credit Counseling. You have options such as settling the debt for less than you owe or filing for bankruptcy if your debts are overwhelming. Bank withdrawals and collection calls.
Payday lenders dont waste time when the money you owe is due. Theyll immediately initiate automatic td personal loan payment from your bank account if youve given them access as part of the loan agreement.
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