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One of the payday loan companies that i defaulted

One of the payday loan companies that i defaulted on (CashNet) sent my information to an attorney claiming check fraud. The office has contacted me and asked that i make a statement. I am not sure what to do. The total of the loan was $650 - i made three re-finace payments of $162, the investigator states they reported that I owe $1030. Do i need to find a lawyer?

Asked on 10:58 am Feb 21st 2012

jeweldun

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4 Answers

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I live in TX

Answered on 11:06 am Feb 21st 2012

jewels

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I think it is better to contact a lawyer. They can't accuse you of commiting check fraud.

Answered on 8:26 pm Feb 21st 2012

Anonymous

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TX "hot check" laws do not apply to payday loans. If CashNetUSA is who you're talking about, they're a legal lender in TX and you need to repay them.

Whoever this third party CA (lawyer) is, is breaking the FDCPA by threatening you. Who's the attorney?

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

Answered on 8:49 am Feb 22nd 2012

OhioGal1
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Stanley Lonhorn and Labashy? in Georgia. I spoke with them today and they stated that I have to put acct info on file inorder for Cash Net USA to negotiate with me on paying the rest of the loan back or they will send the case to a prosecutor for a court date. I told them I am willing to negotiate paying off the loan but I will only send in payments and to send me their contact info in writing - he stated they only email this info and that is only after getting card information on file. Should I just contact CashNet USA? Please advise

Answered on 11:41 am Feb 22nd 2012

jewels

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