There are several steps you can take to find out if you have outstanding payday loans:
- Check your credit report: The judgment may appear on your credit report if you have outstanding payday loans in default and the lender has taken legal action to collect the debt. You can request a copy of your credit report from the three major credit bureaus (Experian, TransUnion, and Equifax) to see if any outstanding payday loan debts are listed.
- Contact the lender: You can also contact the lender directly to ask if you have any outstanding payday loans. You can usually find the lender’s contact information on your loan documents or the lender’s website.
- Check your bank account: If you have automatic debits to repay your payday loan, you can check your bank account to see if any recent payments have been made. If you do not see any recent payments, it could be a sign that you have an outstanding payday loan.
- Review your credit card statements: If you used a credit card to take out a payday loan, the charges may appear on your credit card statements. Reviewing your credit card statements can help you identify any outstanding payday loan debts.
If you are having trouble paying back a payday loan, it is important to contact the lender and try to work out a repayment plan before the loan defaults. Defaulting on a payday loan can have serious financial consequences, including wage garnishment and damage to your credit score. If you cannot repay the loan and face legal action, it may be a good idea to seek legal advice to understand your rights and options.