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INFOLAWYER
INFOLAWYER, Attorney
Category: Legal
Satisfied Customers: 56914
Experience:  Licensed attorney helping individuals and businesses
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I Currently reside in the state of colorado where i am currently

Customer Question

I Currently reside in the state of colorado where i am currently behind on 10 payday loans i have decided to default on all 10 can you tell me what action will be taken against me soon and what can i do.
Submitted: 6 years ago.
Category: Legal
Expert:  INFOLAWYER replied 6 years ago.

INFOLAWYER :

Hello, So sorry to hear of this dilemma. If my answer is not clear to you, please ask me for clarification.

INFOLAWYER :

If you default on the loan, the creditors can file civil legal action which can lead either to a judgment or a settlement. If a judgment, creditors can place lien on real estate and pursue bank accounts.

INFOLAWYER :

I hope that is fast and clear.