Cash Advance Now Licensed in OH?

I have found that the internet pdls are not licensed in OH. You will not be arrested. OH has a pdl law that states you can not be criminally prosecuted for defaulting on a pdl, company can only come after you civil court only. That is just a threat they use to take your money, don't fall for it, call them on it. Tell them you are on your way to turn yourself in and don't have money for bail so they will need to contact you on the inmate payphone and leave messages. And since you will be locked up you won't have a job to pay them. How much was your loan for and how much have you paid on it to date?

they said they were Capital Law Firm and that their Collection company is Capital Collections and that they have been calling me for months about this debt. This is the first time I've talked to any one from there. I owe $275 and no i have not been able to pay off any of it yet. They called my work and asked to speak w/ my boss which is also the owner of the company. this man was going to tell my boss there was a warrant for my arrest. Can he do that? Then he says he will only accept payment via western union and it has to be tomorrow for the full amount. I thought collection agencies were suppossed to work w/ you and would accept payment via ceck or money order. What will happen if they come after me in civil court over a $275.00 debt?

Number one, that is VERY ILLEGAL. How much "interest"/roll over fees have you paid? File a complaint with the AG's office and include this illegal threat to contact your boss with the false allegation of arrest. Call him on it. He's just a bully on the other end of the phone. I had one company try that crap with me, they are just words, and if he does contact your boss with that crap, SUE him. I read an article where a collector was just sent to prison for 4 years for making false threats to a debtor. I think this collector was in New Mexico.

They are not going to take you to civil court for an internet pdl BECAUSE THEY ARE NOT LICENSED. If they came to OH to try and sue you over this LET THEM, also watch them scramble to produce their license to lend in OH. If you were taken to court I think you have a good case to fight it. And the worst is that you get a judgement against you for $275 plus court costs. Couls also get a court order to garnish your wages (if it ever came to that) BUT NOT JAIL

When did this debt account take place? Check whether the debt is within the legal statutes period of your state. You should be sure about reviewing your account from the collection agency. Try to deal with the original creditor. They are pretty easier working with.

No, they are not licensed in Ohio. They cannot threaten you like that, it is a scare tactic to get you to pay. How are they going to get their money if they throw you in jail? There is no such thing as debtor's prison anymore. You may check with the Ohio Division of Financial Institutions to see any licensing requirements for payday loan companies in Ohio. You can do this online so just do a search for them.

I am suppossed to send my money today via Western Union to avoid Jail (so they say)They even sent me an e-mail reminding me to make the payment. Instead I'm going to send a debt validation letter via certified usps. Should I also send a Cease and Desist letter as well? I'm worried they will ignore the letters and keep calling my work and try to talk to my boss. What a nightmare!! Thanks for all the advice every one has posted :)

Yes, absolutely send the Cease and Desist letter. And remember, if you're in jail as a guest of the state, these yoyo's don't get paid! And trust me, that's all they want....

I have a template for the debt validation letter...does any one have a good template of the Cease and Desist letter?

See the sample cease and desist letter here

http://www.debtconsolidationcare.com/template-cdletter.html