Questions concerning Payday Loans

No, you will not face jail time. Alot of people on this forum will tell you that is a scare tactic pdls use to get your money. What state are you in? I have learned that you need to find out if the pdls are licensed in your state and what pdl laws your state has. The pdls have to follow your state laws not their's (they will tell you that you signed a contract stated you will abide by their state laws, that isn't enforceable, they have to follow the borrower's state laws) If they are not licensed in your state, file a complaint with your AGs office, chances are these pdls are not licensed in your state and they are charging you illegal interest rates. Make sure you file a complaint.

Pollyandsay has a blog, go to it, she has alot of information on each of the state's laws regarding pdls. She also has template you can use to send to the pdls. She has alot of useful info. and has experience dealing with them, she gives good/accurate advice.

How do I view Pollyandsay's blog. Thanks for the help

I don't know how to post that, try looking for a post from her and there will be a by her name you can click on. Sorry, I just don't know how to do that. If somebody else can maybe they'll read this and post it.