I applied for 2 payday loans and received the money. I lied on the application by saying I was working when I wasn't, the only reason I did this is because my husband works but does not have a bank account and his wages get paid into my account and we were deperate for the money! Now I'm stuck and can't make the payments will I get done for fraud?

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Originally Posted by clalvsant

I applied for 2 payday loans and recieved the money. I lied on the application by saying i was working when i wasnt, the only reason i did this is because my husband works but does not have a bank account and his wages get paid into my account and we were deperate for the money! Now im stuck and can't make the payments will i get done for fraud?

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They might... you are more likely to get sued... and then legally hounded until you pay it back. What is certain... is they are NOT going to let this go away... and rightfully so.

They will debit your account over and over again. What may have started at $500 could end up in the thousands.