- File a report with your state’s attorney general. If you don’t know who your state attorney general is, you can find his or her information by contacting the National Association of Attorneys General by visiting or by calling 202-326-6000.
- File a report with your state regulator. The CFPB has a list of each state’s bank regulator and their contact information on their website.
- File a report with the CFPB by calling 855-411-2372 or by filling out their online form.
The CFPB states that “if you are sued or a court judgment has been entered against you and you ignore a court order Going Here to appear, a judge may issue a warrant for your arrest.” Your jail time would be a result of not cooperating with the courts, not the fact that you owe a debt.
While you may be tempted to ignore a court summons, DO NOT DO THIS. Appearing in court is intimidating and inconvenient and may cause you to have to miss work, but if you fail to appear, not only will jail be on the table, but a judge could order wage garnishment.
- Contact the payday loan lender and negotiate for better terms. This shows you want to repay the loan, and in many cases, the lender would rather settle for a smaller payment over a longer period of time than no money at all.
- Reach out to a bankruptcy attorney to go over your finances and see if filing Chapter 7 or Chapter 13 bankruptcy is advisable. Both of these filings cover payday loans.
- Seek advice from a credit counselor. A credit counselor may be able to consolidate your debts, provide you with a smaller interest rate and offer you better repayment terms.
- Attend all court proceedings. If you can, consult with an attorney. The attorney may be able to intervene and get the lender to agree to a new repayment plan that you can actually afford. Many attorneys offer a free initial consultation.