Consequences and options depend on your loan agreement, your state, and your lender.
You can count on late fees.
Sometimes, you are given the option to renew or roll over your loan. This is paying an extra fee to delay your loan repayment process.
You can also ask your lender to see if an extended repayment plan is available. Depending on your state and the lending company, you may be able to use an extended repayment plan to pay back the loan in smaller pieces over an extended period with additional fees.
Payday loan debt is some of the harshest and hardest to pay off in the market. This is because it can grow exponentially if you don’t pay on time.