What if I don't pay Dave back?
Failing to repay a cash advance borrowed from the Dave budgeting and financial application triggers several immediate internal account restrictions and financial consequences. First, Dave will automatically attempt to debit the repayment amount from your linked checking account on the scheduled due date; if insufficient funds are available, it may trigger overdraft fees from your bank and repeated debit attempts. Within the Dave app, your account will be frozen or suspended, cutting off your ability to request future cash advances. While Dave does not typically report missed cash advances directly to major credit bureaus immediately, persistent default can lead to your account being sent to third-party collection agencies, which can ultimately impact your creditworthiness and financial standing.
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