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civil action by payday loan company

Posts: 4
Credits: 522.3
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I was contacted yesterday by an agency hired by a payday loan company (my cash now) to sue me in court if I don't cough up $1100 by this Friday. I have learned a hard lesson about payday loans, and had several. All of these companies except for this particular one were willing to negotiate a settlement/payment of sorts. They are now threatening to have my wages garnished. I found out since I originally took out the loan that my state (Louisiana) limits loans to $350, yet I was able to get $500 from them. Will that give me any leverage in court? I am pretty freaked out right now about this because this just couldn't come at a worse time for me financially.




puddlejmpr

Posts: 1634
Credits: 7480.5

Sub: #1 Have you been served court papers yet? I would file a complaint
Wed, 12/12/2007 - 11:06

Have you been served court papers yet? I would file a complaint with your state about this payday lender. ANd aslo tell them that they are threatening you with court if you don't pay by friday. But this is usually a scare tactic that they use to get you to pay.




volleyballmom

Posts: 4143
Credits: 28451.95

Sub: #2 Great question from puddle... Is my cash now a storefront p
Wed, 12/12/2007 - 11:24

Great question from puddle...


Is my cash now a storefront pdl?




volleyballmom

Posts: 4143
Credits: 28451.95

Sub: #3 You will find the Payday loan laws for Louisiana here (just sele
Wed, 12/12/2007 - 11:25

You will find the Payday loan laws for Louisiana here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-p dls-laws.html




Unregistered

Sub: #4 payday loan civil suit
Wed, 12/12/2007 - 11:30

my cash now is an internet based loan company. I have not been served yet, but I was told I would be served on Monday 12/17.




kashzan
Posts: 5401
Credits: 40830.4

Sub: #5 I dont think that a company will alert you to the fact that you
Wed, 12/12/2007 - 11:37

I dont think that a company will alert you to the fact that you will served . It is a scare tactic to get you to pay them . chances are that this company is not even licensed to lend in your state. If I am not mistaken ( and someone jump in if I am) I dont even think that this company is in the US. I think they are in Canada. They will not, they can not do anything to you.




kashzan
Posts: 5401
Credits: 40830.4

Sub: #6 direct written inquiries to: my cash now 2071425 Marine Driv
Wed, 12/12/2007 - 11:42

direct written inquiries to:
my cash now
2071425 Marine Drive
West Vancouver, British Columbia
Canada V7T1B9
Phone or fax to 604-357-1157




walker.christine
Posts: 4
Credits: 522.3

Sub: #7 Civil Action
Wed, 12/12/2007 - 11:59

Thanks for the info. I didn't realize my cash now was in Canada. I'm guessing the agency hired for their civil suit might be located here in the US? I was told I'd be served Monday either at my job or my home. I was told to call back this evening to let them know if I am able to come up with the payment by Friday. I had been left a couple of phone messages by a guy named Tommy Schwartz to call him regarding a pending civil suit in Louisiana. When I returned the call, I spoke to someone named Donna Fox, (it was a 1-800 number). When the phone was answered, they did mention the name of the company, but I don't remember who it was.




kashzan
Posts: 5401
Credits: 40830.4

Sub: #8 I seriously doubt that they will come from Canada to serve you w
Wed, 12/12/2007 - 12:02

I seriously doubt that they will come from Canada to serve you with papers. An illegal company can not get a legal court to do anything. They will say anything they can to scare the hell out of you. Just know that it is just a tactic and that you are safe. I think you said you loaned 500.00 . How much have you paid them back




volleyballmom

Posts: 4143
Credits: 28451.95

Sub: #9 Whats the phone number? We can look it up to see who you are dea
Wed, 12/12/2007 - 12:05

Whats the phone number? We can look it up to see who you are dealing with.




kashzan
Posts: 5401
Credits: 40830.4

Sub: #10 Phone or fax to 604-357-1157 It was with the address above
Wed, 12/12/2007 - 12:06

Phone or fax to 604-357-1157
It was with the address above




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