If the loaner of a payday loan doesn’t cash check, am i responsible for reminding them?
December 15th, 2008
SALLY asked:
I took out a payday loan over three weeks ago. It should have been cashed last week. I’m sure any day it will be cashed but if it isn’t should I call and ask about it. Am I obligated to?
I took out a payday loan over three weeks ago. It should have been cashed last week. I’m sure any day it will be cashed but if it isn’t should I call and ask about it. Am I obligated to?
(I know payday loans are terrible so I don’t need to here that in the respnse)
karla
weezie
December 18, 2008
I would remind them, they may end up charging you extra money.
davencusa
December 21, 2008
No, you have no obligation to remind them, but you might want to so that you can be sure there is money in the account to cover it when they do cash it.