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sheena123 · Posted: Sun Oct 12, 2008 1:42 pm Subject: Arizona Payday Loans ?

Is it true that you can get charged with a felony for taking out more than 1 payday loan at a time?

If so how do they prosecute you. If you pay the loan off on time are you alright or can they prosecute you before your due date?

Posted: Sun Oct 12, 2008 1:51 pm Subject:

You need to be behind on your payments before a lender usually files charges prosecute you, but yes, you CAN eventually be sued if you refuse to pay a lender, or make some type of agreeable payment arrangements. Is this an Internet or store front lender, what state are you in? What is the name of it, and how much have you borrowed and paid back?

Posted: Sun Oct 12, 2008 2:01 pm Subject: Arizona laws

Posted: Sun Oct 12, 2008 2:03 pm Subject:

Man, I am dumber than a door knob, I didn't pay attention to the title, ARIZONA, hello Shazzers. Laughing

Posted: Sun Oct 12, 2008 2:08 pm Subject: Arizona

I live in Arizona and I just posted AZ law for you. If you are referring to Store Front Loans, the law says you can have only one, however the individual lenders are not linked by computer that is why you can get more than one. Please note above that criminal action is prohibited. When you apply for a loan and are asked if you have any other outstanding loans if you say no there is no way they can check that.

Please keep in mind that store front lenders are legal in the state of AZ so if you do not repay them you will eventually end up in collections and they can pursue legal action against you but you will not go to jail.

If your loans are internet 90% of them are illegal and you only owe them the balance borrowed. Please list your lenders and the amount you owe so someone here can help you.

I am in your same boat and this forum has taught me alot.

sheena123 · Posted: Sun Oct 12, 2008 7:45 pm Subject: My Loans

I have

1 with Check Mate - $300 (due 11/3/0 Cool

1 with Auto Title Loans - $ 500 (signature loan only) (interest due 10/17/08 - $ 87)
1 with Checks Cashed - $ 300 (interest due 10/17/08 -$ 60)
1 with Money Mart - $ 200 (interest due 10/17/08-$ 35)
1 with ?? forgot the name $ 175 (due 11/3/0 Cool

My problem is that I don't think I'm going to be able to pay 2 of the rollover fee's I can only pay the $ 87 until I get paid on 11/3/08. At that time I plan to pay them all off with my student loan. But it's going to take most of my student loan to pay them off & then I will not be able to get my books. I am supposed to graduate this Spring -it is imperative that I finish my next two semesters. I am afraid to go to my loan places to ask for more time or a payment plan. I have never used payday loans before & now I'm in way over my head for some reason. I need to get out from under.

First I need to know if I could be charged with a criminal felony. Then I need to know what I should do.

Thanks so much for trying to help me out

Posted: Sun Oct 12, 2008 8:07 pm Subject:

Criminal Action: Prohibited

They cannot send you to jail, they can harass you and your references and send you to collections. Go to the ones you cannot pay and tell them you need an extended payment plan. They can take legal action against you but that is a civil matter not criminal. Good luck to you, I hope it all works out.

Sheena123 · Posted: Sun Oct 12, 2008 10:27 pm Subject:

Thank you !

dippitydo20@yahoo.com · Posted: Tue Nov 11, 2008 9:19 pm Subject:

Missouri, my son has 3 payday loans which he wrote checks for them to hold. He couldn't pay them off and is now being charged with 3 felony counts of writing bad checks over $500. Can he be charged with 3 counts of felony charges, he did have a bank account when he did this.

Posted: Wed Nov 12, 2008 3:27 am Subject:

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