Unable to repay what can I do

2000Beetle-welcome,take a breath! All of us have been or are where you are. First,Please sign up for the forum,it's free and you can also sign up for free debt counseling. These counselors will help give you some answers. Also read the posts of others in your situation,they will help and all of us are here to answer your questions. Give us a little more info-have you been served a judgement how manym onths are you behind,etc.Good luck,keep us posted...Karen

2000BEETLE,

Put a search with "Sonic Payday" in the box above and you get some topics about this company. Sonic uses illegal means to collect the money from the consumers. They originally had their business in Canada but due to their illegal business activities, legal actions have been filed against them. As a result, they started lending in US with the fact that they are not licensed in most of the states.

You must check Sonic with your local licensing authority. Also check the total loan amount added with the interest and fees. It must be within the permissible rates in your state. Do not make a payment until you have reviewed the details thoroughly. They might threat you with a wage assignment that will be sent to your employer. Don't get afraid of this threat. You have the legal rights to revoke a wage assignment. Keep discussing about their activities and we will offer you guide you in the situation.

Bossy,

I love your new avatar? Beetle, be careful when dealing with Sonic. You may want to contact them to let them know your situation as well as your other creditors. This way you may be able to set up proper payment arrangements with the companies involved.

By the way, Beetle, THEY CANNOT arrest you, so don't worry about the authorities!