Can’t Repay a Payday Loan? Here’s What to Do

Many people use payday loans to cover a cash shortage, but because of the loan’s high cost and short turnaround time, it may be difficult to pay it back on time. Defaulting on a payday loan can result in additional fees, collection calls and damage to your credit score. If you ignore the debt for too long, you could face a lawsuit and possibly have your paychecks garnished read more