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Posted: Wed Oct 08, 2008 12:53 pm Subject: Can I be served at work

Hi. I have about 3 pay day loans out which I have received very unprofessional calls at work about unpaid pay day loans. 1st the reps told me I must pay by check. I explained how I no longer have an account then weeks later they said I must pay by money gram & a certain amt. No they are saying I will be served at work by a uniformed officer. Is this true? Can I still pay the loan. I'm willing to do whatever I mean I understand I must pay but can I make payments? Can they really summons me at work?

Posted: Wed Oct 08, 2008 1:05 pm Subject:

Are these Internet loans? What state are you in? Names of the pdl companies, amount borrowed and paid back? Thanks!

Posted: Wed Oct 08, 2008 1:06 pm Subject:

A uniformed officer? Sounds like an empty threat, scare tactic. Provide us with more info and we will be better able to help you.

Posted: Wed Oct 08, 2008 1:10 pm Subject: reply

i would check your state laws in regards to recording calls.that sounds like a threat of arrest as only the sheriff can serve someone and it is only a summons.provide the information shazzers asked for.we can and will help you here.

Posted: Wed Oct 08, 2008 1:11 pm Subject: yes

All internet based loans I do not have the names of the companies, however I do have them at home & would be able to provide you with that information later today or tomorrow. They have asked me to pay the full amt. Partials were not accepted and if I didn't pay by the date given I would be served by a uniformed officer at work. I'm willing to pay just can't pay all at once or the date that was given

Posted: Wed Oct 08, 2008 1:13 pm Subject:

Ok I will give you the loan companies as son as possible I'm in the state of CA

Posted: Wed Oct 08, 2008 1:14 pm Subject:

What state are you in?

Posted: Wed Oct 08, 2008 1:16 pm Subject: I'm in CA

the state of California

Posted: Wed Oct 08, 2008 1:16 pm Subject:

This really sounds like a scare tactic, take it one step at a time, we're here for you and will try to help you. Follow up tonight with the info, then we can plan a course of action for you, hang in there! Smile

Guest · Posted: Wed Oct 08, 2008 6:27 pm Subject:

Nicole you should contact the California Department of Corporations. They are going after a bunch of internet lenders right now.

Guest · Posted: Wed Oct 08, 2008 6:29 pm Subject:

The California Department of Corporations is going after a lot of internet lenders right now. You should contact them for help.

Posted: Wed Oct 08, 2008 6:49 pm Subject:

Technically, *IF* they filed a lawsuit, they could attempt to serve the summons at your job. First service in some locales is made by a sheriff; but I think they would try serving you at home first.

Since this is an internet PDL, it is more likely an empty threat than anything.

Posted: Thu Oct 09, 2008 4:40 am Subject:

Here are the laws for California

Legal Status: Legal

Citation:
Cal. Fin. Code §§ 23000 to 23106

Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot charge fee for extension)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan)

Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: California Department of Corporations
Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento, CA 95814
Phone: (866) 275-2677
http://www.corp.ca.gov/

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