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Posted: Sat May 05, 2007 6:58 am Subject: Arrest for defaulted payday loans??

Can you be arrested for a defaulted payday loan?

Posted: Sat May 05, 2007 7:35 am Subject:

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.

Muriel Lewis · Posted: Sat May 05, 2007 6:03 pm Subject: Payday Loans

I live in the state of Louisiana. One loan is with Cash Call. I made the first installment of 125.00. I am late with the second payment of 216.00 by 4days.
I also have a 300 dollar payday loan with Ace check cashing agency. My account is one week late. I have renewed this loan twice already. 45.00 each time.

Posted: Sat May 05, 2007 6:10 pm Subject:

Muriel: Please visit my site for payday loan info.

Posted: Sat May 05, 2007 6:12 pm Subject:

No, you can not be arrested. Don't allow anyone to scare you with illegal threats of arrest.

fogdiligent

My husband defaulted on a payday loan in Sacramento, Ca,
but now we live in Florida. There is an investagator telling my husband that if he does not pay then they will turn it over for prosecution as a mistameanor in Sacramento. The loan is over two years old.

Posted: Thu Sep 04, 2008 9:41 am Subject:

If it were possible for them to do that, which it is not, then they certainly would not have waited 2 years. He is not an investigator either. He is a scumbag collector. Call his bluff and tell him to have the Sacremento CA District Attorney call you and you will work out payments with him/her.