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Arrest for defaulted payday loans??

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Can you be arrested for a defaulted payday loan?




SUEBEEHONEY70

Posts: 4590
Credits: 65464.25

Sub: #1 In a word, NO. You cannot be arrested for defaulting on a payda
Sat, 05/05/2007 - 07:35

In a word, NO. You cannot be arrested for defaulting on a payday loan. That threat is used widely by many payday lenders - mostly internet lenders, when they know they could get into trouble for lending where they are not licensed to do so. They are counting on your fear of being arrested to keep you from looking into them further, and they are hoping your fear will make you pay anything to get them off your back.

Tell us what state you're in, who you have loans out with, and how much you have paid on each loan, and we'll be able to offer you some concrete advice.

A journey of a thousand miles begins with a single step...and becoming debt free is a journey!




Unregistered

Sub: #2 Payday Loans
Sat, 05/05/2007 - 18:03

I live in the state of Louisiana. One loan is with Cash Call. I made the first installment of 125.00. I am late with the second payment of 216.00 by 4days.
I also have a 300 dollar payday loan with Ace check cashing agency. My account is one week late. I have renewed this loan twice already. 45.00 each time.




Anthony Lemons
Debt Samaritan
Posts: 1834
Credits: 19874.7

Sub: #3 Muriel: Please visit my site for payday loan info.
Sat, 05/05/2007 - 18:10

Muriel: Please visit my site for payday loan info.

Where there are hard working people being harassed or threatened, I will be there. My site: http://anthonylemons.blogspot.com
Avoid these Agencies: http://www.budhibbs.com/coll_to_avoid_list.htm
Contact any government official here: http://www.congress.org/congressorg/home/ Contact any State Attorney General: http://www.naag.org/
Federal Trade Commission: http://www.ftc.gov/




Anthony Lemons
Debt Samaritan
Posts: 1834
Credits: 19874.7

Sub: #4 No, you can not be arrested. Don't allow anyone to scare you wit
Sat, 05/05/2007 - 18:12

No, you can not be arrested. Don't allow anyone to scare you with illegal threats of arrest.

Where there are hard working people being harassed or threatened, I will be there. My site: http://anthonylemons.blogspot.com
Avoid these Agencies: http://www.budhibbs.com/coll_to_avoid_list.htm
Contact any government official here: http://www.congress.org/congressorg/home/ Contact any State Attorney General: http://www.naag.org/
Federal Trade Commission: http://www.ftc.gov/




Unregistered

Sub: #5 can my husband be arrested for defaulting on a payday loan?
Thu, 09/04/2008 - 09:35

My husband defaulted on a payday loan in Sacramento, Ca,
but now we live in Florida. There is an investagator telling my husband that if he does not pay then they will turn it over for prosecution as a mistameanor in Sacramento. The loan is over two years old.




DOLLARSandSINCE


Posts: 1078
Credits: 13796.9

Sub: #6 If it were possible for them to do that, which it is not, then t
Thu, 09/04/2008 - 09:41

If it were possible for them to do that, which it is not, then they certainly would not have waited 2 years. He is not an investigator either. He is a scumbag collector. Call his bluff and tell him to have the Sacremento CA District Attorney call you and you will work out payments with him/her.




Unregistered

Sub: #7 payday loan threats
Fri, 11/21/2008 - 11:22

I live in Pennsylvania and I have a person calling me threatening to have me arrested today for a payday loan that I actually believe I paid already.




paulmergel


Posts: 15508
Credits: 135775.35056893

Sub: #8 reply
Fri, 11/21/2008 - 11:40

tell the bottomfeeder to come and get you.watch them backtrack big time.

giving hope to the hopeless,help to the helpless,and hap to the hapless.




Unregistered

Sub: #9 payday loan in texas
Thu, 04/16/2009 - 16:19

Have a payday loan in Texas and i lost my job in the process can u be arrested for defaulting on this




Cool_Abyss

Posts: 2937
Credits: 17361.249242083

Sub: #10 You cannot be arrested for a debt. It is a civil matter not a cr
Thu, 04/16/2009 - 16:22

You cannot be arrested for a debt. It is a civil matter not a criminal offense.

IF the company is LEGAL and Licensed to lend then the worst case scenario is you can be sued for nonpayment. The company can be awarded a judgment in there defense. This rarely happens, but it is possible. Hope that helped :wink:

"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-




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