What can internet payday loans do to you if you do not pay or close your bank account?
Anonymous. (not verified)
If the lender is licensed, then they can file a lawsuit against you because of nonpayment of debt. But if they are illegal, then they can harass you by giving false threat. You will be happy to know that, illegal lenders can’t take any legal action against you.
Why are you even thinking of not repaying your debt? Whether they're illegal or legal, you should repay whatever you owe. Non-repayment will hurt your credit score, apart from the other harm that it does to your financial records.
If the lender is licensed, then they can file a lawsuit against you because of nonpayment of debt. But if they are illegal, then they can harass you by giving false threat. You will be happy to know that, illegal lenders can’t take any legal action against you.
Why are you even thinking of not repaying your debt? Whether they're illegal or legal, you should repay whatever you owe. Non-repayment will hurt your credit score, apart from the other harm that it does to your financial records.