Can a Debt Collection Agency Take Me to Court?
When Does a Debt Collector Come in a Payday Loan? A payday loan is an unsecured money lending activity between a borrower and a lender. Whenever a person is in urgent cash need, he applies for a cash advance, and a financing company finances him for a short-term without any collateral. Where does a payday debt collector come from, then? The debt collector comes into picture when the lender needs it to collect debts from the borrowers who do not…