#17  
09-05-2009, 07:41 AM
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paulmergel paulmergel is offline

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they are not legal,and i side with the FTC.sue them out of existence.
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  #18  
09-18-2009, 10:54 AM
Threatened
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I have received a phone call by a guy saying that he is an investigator. He stated that if I didn't pay back a payday loan he will be turning over my info to the county I live in and a warrant will be out for my arrest. I live in Nashville, Tn.
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  #19  
09-18-2009, 11:44 AM
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paulmergel paulmergel is offline

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that is a lie and scare tactic.whoever this is is a bottomfeeder.just hang up on them until they provide details in writing.
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  #20  
09-21-2009, 03:02 PM
sedang
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I defaulted on a internet payday loan that banks legal dept. called me up today threatening to have me arrested. Can they do that?
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  #21  
09-21-2009, 04:00 PM
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Shazzers Shazzers is offline

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Quote:
Originally Posted by Anonymous View Post
I defaulted on a internet payday loan that banks legal dept. called me up today threatening to have me arrested. Can they do that?

No, you can't be arrested for owing a debt.
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  #22  
09-22-2009, 05:04 AM
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I was told by the banking office in PA that you can be responsible for these loans as they are made under other state laws . Is this true? ANyone else from PA have PDL's not paid??


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Originally Posted by SUEBEEHONEY70 View Post
In a word, NO. You cannot be arrested for defaulting on a payday loan. That threat is used widely by many payday lenders - mostly internet lenders, when they know they could get into trouble for lending where they are not licensed to do so. They are counting on your fear of being arrested to keep you from looking into them further, and they are hoping your fear will make you pay anything to get them off your back.
Tell us what state you're in, who you have loans out with, and how much you have paid on each loan, and we'll be able to offer you some concrete advice.

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  #23  
09-22-2009, 05:20 AM
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paulmergel paulmergel is offline

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well,they changed the law in aug,but any loans before that month.if the pdl has license in any state you go by that.in aug they changed that to where all pdl's are prohibited.the loan had to have been made after august to be considred illegal.
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  #24  
01-24-2010, 06:19 AM
tjshepherd27
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I got a call from a collector in alabama saying that i was about to have a warrant put out on me because of nonpayment of a loan. I live louisiana and I just got a job. I told I would pay as soon as possible but he gave me to the 27th. I told him i would try to have it then but I'm afraid i won't. Will I go to jail? Is this legal?
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