What happens if I don't pay the payday loans

Again, Ace Check is calling me and telling me that I have a hot check with them and they are filing charges. Called my husband at work today. Please let me know if they can do this or not.

I live in Texas by the way!

Ace is legal in Texas but Texas also has very strict garnish laws. I don't think they can garnish for this type of debt and they can't arrest you for it either.

I assume this is a store front. Did they try to cash the check and it was retuned for NSF? Or did you stop payment?

A "hot" check is usually a check written on an account that was closed before you wrote it which is illegal.

denise ask about an EPP....

momof3
read your agreement

i dont know who you have a check out with but i used to work for check into cash and all we could do is call everyday for 30 days then we turned your check over to collections and that was it no court or jail but the people i worked with would threaten that they could but they cant i hope this helps

I recently filed for chapter 7 bankruptcy and all of the payday loans and two out of my three personal loans took it very calmly and gave no trouble. However, one of the personal loans demanded the items back that I listed for security. I gladly gave them back, all but one, which was an oil portait. given the ammount of the loan, the items I was surrendering were equal to the ammount owed, but they said if I did not give the oil painting they would have my bankruptcy claim dismissed. My lawyer was of absolutely NO help, I was stuck talking to his secretary who was more interested in when I would be making my final payment. My question is this. How can I fight this finance company so they will just take the other items that are equal to what I owe and leave me alone. They want me to give them everything on the list, which would mean that I paid them back more than they ever lent me, or for me to resume payments with them, even though everything else would be listed under my bankruptcy.

I sure wish I could give you some good advice but I honestly have never dealt with anything like this. I hope someone else comes along who may be able to help and advise.

I live inhouston, tx and have four payday loans that i am no longer able to pay. Ace $720 w/ a $147 fee, Firstcash online for$450 w/ $115 fee, EZ payday loan fro $500 w/ a $101 fee and one from Payday Advance for $500 w/ a $110 fee. What can i do and can they take me to jail for not paying. I plan on making payments but will only be able to afford payments of $25-$50 to each one of them each time i get paid.

Welcome kaye06, first off they cannot take you to jail over a debt. That is a civil matter not a criminal offense. Looks like you have a couple of LEGAL lenders listed there. Some are registered in texas as Credit Service Organizations which allows them to charge certain interest rates. Stand by help is on the way

Just looking at the fees for each loan would suggest that these are legal lenders. If this is the case, you need to contact thier Corp Office immediately to make arrangements. When you call, be very upfront and honest about the situation and your budget.

Someone will be along shortly to confirm status and post TX regulations...

kaye06 if you have not defaulted on your PDLs yet you can possibly ask for an Extended Payment Plan. This may be another option for you if affordable.

If an extended payment plan is paying the finance fee i cannot even afford to do that right now.

Well the EPP will break the principal balance plus finance fee into four equal payments. If you cannot afford that, I suggest calling the corporate offices as PDLOwner stated and try to propose some sort of repayment plan that is more affordable to you. Be honest and let them know what works best for you. I am looking for more information on these companies, stand by.

Just to jump off topic for a minute based on kaye's response...

Many time people suggest to a poster to ask for an EPP without thinking the scenario thru. Most people do not get into trouble until they can no longer afford to pay the fee on a PDL. Based on this, an EPP is an even less effective option because it means that the borrower would have to pay more on the payments. Typically, the best option to get out of the loan is to buy-down the loan. This means to pay the fee plus an additional $25-$50 towards principal. As you work the process, the loan amount goes down and you ultimately have more cash each payday to devote towards the principal of other loans. It is a slow process at first, but within about 4 or 5 paydays, the process speeds up quickly.