Pay Day Loans Threats

Don't let any pay day loan company fool you into any of their tricks. I owe wayyyy too many payday loan companies and Sonic payday loans being one of them. They tried to get my wages garnished through that voluntary wage assignment but I called them up and revoked it because you can do so. Here in Ohio or any other state, wage garnishment can only be enforced through court order. That voluntary crap they make you sign can be cancelled by you making the phone call to them.

jvrsshurrican, who do you have your pdls with? Are any of them with the following: ASAP, ameriloan, VC Funding, Cash Supply, XPRESS Cash/DMS Marketing/PD6 Ventures?

I am so afraid right now. I was contacted by a US Investigations of New Jersey who has threatened to prosecute me for internet fraud, bank fraud and all other kinds of charges. The loan was originaly 200 dollars but they want me to pay 500. what should I do.

Lexis-who is the loan with? Chances are, this is a threat and nothing else. If you read the previous posts, you will see how collectors threaten people-that is a crime. Tell us who the loan is through, is it an internet pay day loan? Karen

I recently took out a payday loan in March through Arrowhead investments. Well needless to say I wasn't able to pay them back on time and today I get a call from the law offices of Meredith Lawson telling me I had stolen money from the government. I was going to jail on three charges that the police would be out in 2 hours to arrest me. Plus I used my works fax to do this which was a crime and so on. What do I do. Obviously its about 4 hours later and I have yet to be arrested. Is this stuff true. Is it a scam?

You cannot be arrested . . . They are trying to scare you into paying up . . . Don't believe their lies!!!

Chasity,

It sounds to me like they are trying to impersonate a law firm. This is a trick commonly used by payday lenders in order to scare you into giving up your hard earned cash. You cannot go to jail because there is no such thing as a debtor's prison anymore. I used to do collections and this is a violation of the fdcpa, clear and simple. I would suggest contacting the Federal Trade Commission to file a complaint against them. Did they give you any contact info? Also, file a complaint with your state's consumer protection office against Arrowhead as well as Meredith Lawson. I would also suggest filing a complaint in the state that Arrowhead is located in. I would bet any amount of money they are not licensed there either.

Listen to them. This imposter is the one who is committing the CRIMES, not crime but CRIMES. What she is doing is very illegal. Tell her to get a life, and ask if she goes home and tells lies to her family like that and hell is awaiting her arrival, hopes she enjoys enternity.

Please, everyone who has been threatened, come to my site. On the side is a link called "Bass and Associates'. Click on it, then read it, then call these @**** back and tell them to fuk off.


****Adult term removed - Jason

Actually, you can read it here.

This thread has absolutely nothing to do with Bass and Associates. I do not understand why this is being posted here.

does anyone know what happens if you have a payday loan default against a savings account? What can they legally do?

Hey Tweedle(DUM): this is posted due to threats from companies. Did you read it, or just scan through it. Don't question why something is posted, especially if I posted it, there is usually a reason, even if it isn't applicable to you.

Guest: Is it a storefront or internet loan company? Also, which state are you from?

Here is my story about Internet Payday loans:

Internet PayDay Loans are hazardous to your sanity and bank account

We have all seen the advertisements on television, and in pop-up ads online; "Quick Cash!!!" and "All you need is a job, checking account and a pulse." The pulse part is my added sarcasm. Anyway, there are thousands of Internet payday loan companies to choose from if you are ever in need of extra cash; but is it truly worth the heartache. Let me run the most typical scenario by you, and you will see what I mean. I have done a lot of research on this industry, and I must say, if you are not informed of your state laws, you can be screwed out of your money, and it won't end. Now, back to the most typical scenarios that consumers face when seeking an online loan. First you will be required to fill out an online form, with information such as your employment, employment address and phone number, supervisor, your pay schedule, and if you have direct deposit for your paychecks. Then they will have you submit this form by clicking 'submit'. In a few moments, in some cases longer, you will receive an approval in your email inbox. Within a day or two, sometimes three, you will see that this company deposited the amount requested into your checking account. The first payment on this loan will usually be due within a week or two, depending on the company. However, and this is where it starts to get ugly, monetarily speaking. The first payment due is just the interest and fees. The second payment due is also just for the interest and fees, and on and on it goes. Lets say you applied for three hundred dollars. If you do not completely repay this in the first week, this three hundred dollars can turn into three thousand dollars. How can these loan companies charge so much in interest and fees on such a small loan? Simply put, legally they can not, but most consumers, you and I, are not informed of the laws that govern these online crooks. You see, every state has laws, which differ from state to state, but are similar in that they protect the consumer. These laws control how much you must pay back on a loan and how many times a loan company can allow you to 'roll over' a loan. Also, most Internet payday loan companies are not even licensed to operate in most states, or licensed to collect in those states. Lets say you borrowed that three hundred dollars again, but this time you pay back only what is legally allowed. You would end up paying back about three hundred and sixty dollars. That is a huge difference from the original three thousand dollars. The difference is information. The difference is knowing the laws and consumer protection acts. If you currently have online loans which you are still paying on or gave up paying (defaulting) all together, do not worry. Please check with your state laws regarding online loans. If an online loan company is ripping off your bank account by taking money without authorization, then tell your bank to cease any debits from your account, and report the loan company, immediately to the Attorney General Office of your state, as well as the AGO of the loan companies state. You will be surprised at how many online loan companies are already under investigation for stealing, lying, deceiving consumers and so on. If you can stay away from online loans, then that would be great, but if you must apply for one, get informed. Research to see if the online loan company is licensed to even operate in your state. Also, if you do not pay back what you owe, you can not be arrested, like some collection companies try to threaten consumers with. You also are not committing any white collar crimes, another tactic used to scare people into wiring them money. Most tactics used to collect are illegal. If you are ever contacted by either a loan company or collection company, and they threaten arrest or accuse you of any crimes, they are the ones violating the laws. Please get informed. You are not alone. There is no way that I could cover every negative aspect of Internet loan companies, so please visit this site:

Forum with other people dealing with Internet loans
You can join, or remain as a guest, ask any question you wish, and someone with expertise or knowledge of your question will answer it. Also, you can find this site extremely empowering, shifting the balance of power into your hands. Your thoughts?

Written by author Anthony Lemons

I am in North Carolina and it was an internet payday loan. Can I tell them not to call anymore? They harrass me constanly at work. Saying they are a lawfirm and the papers are fixing to be processed and I will be arrested. Obviously her 2 hr deadline has since passed almost 24 hours ago. I am going to checkthe websites as you said to see if these are legite companies...