Payday loan debt collection
This is a discussion on Payday loan debt collection within the Debt Collection forum, part of the BANKRUPTCY & DEBT COLLECTIONS category; Can the payday loan put me in jail if I do not pay them back?...
![]() |
|
|
Thread Tools | Search this Thread | Rate Thread | Display Modes |
|
|
#1 |
|
Guest
Posts: n/a
|
Can the payday loan put me in jail if I do not pay them back?
|
|
| Sponsored Links |
| Criminal law issues? Contact leading defense lawyers now! Free immediate consultation! |
|
|
#2 |
|
Veteran Member
Join Date: Feb 2007
Posts: 314
|
No--they have to sue you. It is a civil matter.
|
|
|
|
|
|
#3 |
|
Guest
Posts: n/a
|
payday loans are extended over too long a period, or if a consumer takes one payday loan after another, it will put a strain on his or her financial situation. Payday loan fees are very expensive, particularly if a loan is extended over time. The fee charged for a payday loan is equivalent to a 250-650% Annual Percentage Rate (APR), which is by far one of the most expensive loan options on the market.
|
|
|
|
#4 |
|
Senior Member
Join Date: Aug 2007
Posts: 27
|
Debtors prison was abolished MANY years ago. In answer to your question, no, you won't be put in jail.
|
|
|
|
|
|
#5 |
|
Guest
Posts: n/a
|
I am having this same problem but the collection company is telling me that is considered check fraud because the money was not available in my account for them to take out. This was 2 years ago though and I have since closed the account. I thought it had paid because 2 years went by and they just contacted me like 2 weeks ago. Are you having same problem.
|
|
![]() |
| Bookmark & Share |
| Tags |
| None |
This thread has 4 replies and has been viewed 1314 times
«
NSF Check
|
Garnishment
»
| Thread Tools | Search this Thread |
| Display Modes | Rate This Thread |
|
|
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Default on payday loan | Unregistered | Debt Collection | 2 | Jun 22nd, 2009 10:14 AM |
| payday loan | Unregistered | Debt Collection | 1 | Apr 4th, 2009 10:28 PM |
| Payday Loan | Unregistered | Debt Collection | 2 | Apr 24th, 2008 03:23 AM |
| Payday loan problems | katman01 | Miscellaneous Topics | 1 | Dec 6th, 2007 08:30 PM |
| payday loan | Unregistered | Civil Litigation | 2 | Oct 29th, 2006 10:46 PM |
Criminal law issues? Contact leading defense lawyers now! Free immediate consultation!
All times are GMT -5. The time now is 07:46 AM.









Linear Mode

