What happens if you can’t pay a payday loan?

Blueeyedgirly asked:


I owe the interest at minimum on a stupid payday loan I took out. I hate these kind of loans but I had an emergency and no where to go for money! Now I can’t pay the minimum off on payday! I wont have enough money. Is there a grace period on these or will they just deposit the check and overdraft my checking account??

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