Loans – credit personal loan consolidators

February 26, 2010

What is the law regarding Signature loans?

Just Tryin’ 2 B Me! asked:


I have 2 signature loans and 2 payday loans. (I know stupid mistake!) Well now the first payment is due on the 2nd signature loan. The first signature loan i have been paying on time since January! My dilemma is this, i am flat broke and just got paid. Both signature loan payments are due this week! What is the law regarding defaulting on these loans? I over extended myself and no one is to blame but myself! I have no one to borrow the money from!

MARCUS

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