At the moment when a payday loan is requested to deal with any debt, we can feel that we are successful in a borderline situation. Of course, we still have to face another: return the debt and associated interests.

That is, more money than we ask. That is why it is important that you know the consequences of not paying a payday loan.

Consequences of not paying a payday loan

Consequences of not paying a personal loan

From our loan website we give you the possibility to request an extra money of up to 50,000 euros. Of course, this amount is associated with certain interests and a repayment term. What happens if you don’t pay?

These are the main consequences of not returning the money from a loan:

Interest on late payment


At the moment in which the requested loan installments are not paid, the financial institution will proceed to collect late payment interest. These interests and commissions are added to the original debt, so that each month that passes the debt will grow; since the entity will continue claiming the payment.

Judicial claim


In the third default if it occurs, the entity can initiate a legal claim. When the term ends, what happens will depend on the assets of the person who has requested the loan or the type of credit. It can be carried out at 3 months, although there are entities that wait until 6 months.



One of the most uncomfortable situations for a person who cannot repay a loan is the seizure of their assets. Because at the time of hiring it the property is put as collateral and, if it is extended in time and is not paid, the judge can seize your property to pay off the debt.

In the case of guarantors, they will pay the consequences of outstanding debts. So in case of impact the entity could keep the assets of the loan holder or those of the person who has secured the loan.

 List of delinquents

List of delinquents

The next thing is to be part of the list of defaulters. When a person does not pay they end up adding to lists such as RAI or ASNEF. These lists are accessible, making it difficult for that person to obtain financing in the future.

The most advisable is to communicate the problem to the financial institution. That is, if you see that at some point you cannot continue paying the fees, it is best that you communicate your situation to find an alternative solution.

In general, credit institutions prefer to charge even a smaller amount or late than to initiate legal proceedings. So looking for an intermediate solution can benefit both parties.

In this way, the financial institution will ensure that it charges, even later; and the person who has requested the money may feel more airy and less pressured to get the money.

We hope this article has served to clarify all your doubts about it. It is best that you only request a realistic amount of money, that you make sure that you can return within the established deadline. This way, you won’t have to deal with these inconveniences.