I took out a pay day advance at first American cash advance and i am now unable to pay the full amount back. I diffidently going to pay them back. But they are wanting me to pay back in 4 very high payments and i cant do it. I can pay them probably $100 each pay. Will they work with me? What will happen if i cant pay them back in these 4 high payments? And can i go to jail?|||You need to speak to them. If you signed an agreement for an amount each pay you just can't change your mind because you think it's too much. They can and probably will just take the amount whether you like it or not. Their interest rate will be enormous so for each extra week it takes you to pay it's going to cost you a fortune. You won't go to jail but they will wreck your credit even more.|||WHY can't you pay them back? The huge interest is part of the deal, which is why pay day advances are always a BAD idea. but if you agreed to their terms and took their money, then it's not right for you to come back and say "sorry, I can't live up to my part of the deal"
they may decide to "work with you" but they will charge more interest and you'll end up paying for a very long time. welcome to slavery.
As per their website:
"Advance America is committed to collecting past due accounts in a professional, fair and lawful manner. ... We will contact you to collect the amount due, and if necessary and appropriate, your account may be turned over to a collection agency."|||No they will not work with you. they will sue you, triple your debt, freeze your bank accounts and garnishee your paycheck|||Nope, they will not work with you.
You will have to make a new loan, and pay all the fees all over again.
And keep re-newing the loan.
You can't go to jail. It is only when you knowingly write a bad check when you can go to jail. If you don't pay, it will go to a collection agency. They will report on your credit reports. They can sue you in court and garnish your wages or tap into your assets.
With this on your reports, keep in mind that employers check, so do landords and car insurance comapnies. Pretty much all down hill from there
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