Payday Loan Default- Facing Jail time

Generally speaking, face-to-face collection is legal (putting aside any issues of whether a particular loan is legal) and while rare, some storefront lenders will send someone to knock on your door. The idea is that psychologically it's a lot easier for most people to hang up a phone than slam a door in someone's face. But it's also a lot quicker and cheaper to have a collector make 10-12 calls in an hour than to pay one visit, so even local lenders generally don't use this tactic, although they might threaten to do so.

Though I do not agree with their tactics, I believe others have had the experience of store front lenders coming to their homes. From other posts I have read, this is not breaking the law and they can do this.

Goldenbast is going thru this now. I think she has had 3 different people given criminal tresspass warnings. I'd feel sorry for anyone knocking on my door trying to collect anything....it would be a fatal experience for them.

Just like kfstaff24 stated, there is nothing worng with knocking on a door until you are told to leave. Once you are instructed to leave or they have a no tresspassing sign posted, you are violating the law on any future visit.

We do knock on doors, but it is not for the purpose of collecting money in the field. It is mearly a means of gather information and establishing contact with a delinquent customer. I discourage my staff from accepting money at ones home or work due to liability and tracking reasons. I want all transactions with cash on video in my store to protect both the customer and employee.

Do you know of any company that can help with payday loans ASAP!!!!!! The companies I have loans with are:
JHS Marketing: $300/pd so far:$1080
Oasis 1 Marketing:$300/pd so far:$1080
Sandpoint Capitol:$200/pd so far:$900

you can go to the sticky titled DEALING WITH ILLEGAL LENDERS.they are all illegal,and you have overpaid.why have somebody else do what you can do yourself.

i think that poster started their own thread, but good advice paul

I had some one call and threaten to have the FDBI come pick me up which is suppose to be the Federal Debt section of the FBI only the man who was claiming the was going to have them come to my house couldn't tell me any information and the loans he was talking about were from a time when I never even had any type of loans, this man even went back to saying I had I PDL when I was 15 so its probably just a scam or they are trying to scare.

MGL87OK, seriously i would report them to the FBI. I did that when a company was using the FBI as a threat and besides being illegal, the FBI really does not like that

I did contact the local police department and they said that if the guy called me again to file a report and they track my phone records so that they could track him down. Not to mention they told me that this man would be a idiot if he tried to come to my house since I live on a military base or to even try and scam me outside the court house since the court house is right behind the police station.

i doubt he would go anywhere, i doubt he is in this country.. but it still does make it right for you to be harrassed.

I have really got myself in a jam i got multiply payday loans now and i cant get out of the cycle i keep trying and it is the worst thing i have ever done its been a year or more now and it to the point i cant pay any of my regular bills i have to have place to live and auto to get to work so i am thinking only way to get this under control is to shut it down now before it gets to where i am homeless dont know what else to do help!

I defaulted on a payday loan in texas back in sept. of 2001. Isn't their time up? What is the statute of limitations on a payday loan? Please help me!

So I also had a loan in ca with a internet pdl. They said oh you defaulted on it 3 yrs ago and the bank closed my account due to them debiting my account. Now they are calling from a smith cane and asso. and I had spoke with a gentlemen there and said oh were going to take you to court. what can happen?

Are you certain the Internet lender wasn't licensed to lend in Ca.? If so, all you would need to do is tell this collection agency this, also tell them to produce a license from the lender. They are also required by federal law to send you a dunning letter (letter of collection) via the mail within 5 days of their first initial contact with you, no letter of collection means they are in violation of the FDCPA.

I have many pay day loans out that I apply for online. The bank is going to close my account to many NSF fund due to other sources charging me for items I did not order. I have been good my loan up until now it got way to much for me to the point I cant pay my bills and rent. My question is 1- will go to jail 2- will they contact my employer.I am willing to pay them off one by one monthly I have 7 loans out at one time what is my rights need help !