answersLogoWhite

0


Best Answer

No.

If you were not approved for the loan, no loan was made and therefore you don't have any responsibility to the lender.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can a payday lender sue you if you were not approved for the loan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you get sued by a payday loan company for moving out of state when you have a payday loan in the state that you are leaving?

Any lender has the right to sue regardless of the reason if you choose not to pay them back. Leaving a state where you took a payday loan is not a reason for a payday lender to sue you - not paying them back is.


Can a payday loan company sue for an unpaid loan?

Yes


What happens if you don't pay an online payday loan?

Generally, the payday lender will conduct collection processes in order to receive their money. Some lenders will sell the debt to a third-party collector and some will do the collection themselves. Depending on the situation (and the amount of money involved), the lender may sue you in order to get a judgment to pay them. If this is the first time that you have not paid a payday loan, you will likely get harassed for a while, but they will be unlikely to come after you. If this is the second time that you have not paid a payday loan and you are working with the same company, they will most certainly come after you for the money.


Can payloans sue you in south Carolina?

Payday loan lenders can sue you in South Carolina if you do not pay.


What is the law if you do not pay your payday loan?

The payday lender will initiate legal collections processes (under the FDCPA) and make all attempts to collect the debt. If after all collection efforts complete the borrower has not paid, the lender may sue them in civil court to recover their monies (plus any costs associated with the collection process). Because payday loans are low, many lenders just writeoff the amount and don't pursue legal recourse. Legally, one cannot be arrested for not paying a payday loan UNLESS the loan was acquired under fraudulent means.


What happens if you default on a payday loan in Georgia?

Payday loans are considered illegal in the state of Georgia. However, if you default on a payday loan, the company can sue you in court. The judge will decide how a judgment will be carried out if the loan was given in Georgia illegally.


What legal action can be taken with a defaulted payday loan?

The lender can sue for the amount of the loan (including interest and late fees), and any legal fees (such as court filing fees and attorney's fees). They COULD garnish wages and repo any collateral used to "get" the loan.


Can an online payday loan company take you to court for nonpayment in Texas?

Yes. A payday loan company may sue a borrower in Texas in order to get their money back.


Can a payday loan company sue for unpaid loans in Colorado?

Yes. Anyone may bring a civil lawsuit for any reason, however, the validity of that lawsuit is closely scrutinized by the court. If one does not pay a loan back, the lender may eventually choose to sue as the final step in the collections process.


Can the lender sue for deficiency in NV?

Yes. And read your loan agreement.


Can you go to jail if you owe payday loans in Colorado but you move to Texas?

No. Not paying back a payday loan or cash advance is a civil issue not a criminal one. And, most payday lenders will not sue someone for a $500 loan.


Can a payday loan issue a warrant for your arrest if default?

No. If your state allows payday loans, then a payday lender could sue you civilly for default, just like any other loan. Many states have made payday lending illegal. You would have to research your state by checking with the financial regulatory agency. Payday lenders will often make threats of arrest, etc. That is illegal to do in all 50 states, in violation of Federal law. It is a common tactic to scare you into paying.