jail and pdl debt
Date: Sun, 11/19/2006 - 03:42
ABSOLUTELY NOT. Ohio doesn't allow for criminal prosecution for
ABSOLUTELY NOT. Ohio doesn't allow for criminal prosecution for defaulting on a pdl and they are ILLEGAL in NC. You aren't going to jail! :D Which company are you dealing with, maybe somebody with experience with them can tell you how to handle them or what to expect from them. By the way, only one internet pdl is licensed in OH and that is CashNetUsa, and their parent company is Check Giant LLC. You aren't going to jail.
Steelers is absolutely right..Don't worry about a thing!! Did th
Steelers is absolutely right..Don't worry about a thing!! Did this company threaten you with jail?
Most PDL companies will threaten you with jail - or worse - but
Most PDL companies will threaten you with jail - or worse - but take it from others, myself included, who have dealt with PDLs (I'm from Ohio, also), they cannot have you arrested.
bob_lora_alex, if you have any questions on PDL loans in NC, jus
bob_lora_alex, if you have any questions on PDL loans in NC, just let me know. I have been ripped off by several of them, and when I tell them the laws of NC, they say "We are not required to follow the laws of the state of the consumer", but yes, they are to their fullest extent..
They have to follow the laws of whereever you are a resident of,
They have to follow the laws of whereever you are a resident of, no matter what they say.
They will argue with you on that point, but kscornell is right..
They will argue with you on that point, but kscornell is right...
pdl
The payday people know this also that they have to follow your state laws. What cracks me up is when they say they are based out of Grenada or something. They definately are out for blood. KYSIDE38
Hi bob_lora_alex welcoem to the boards many will be glad to offe
Hi bob_lora_alex welcoem to the boards many will be glad to offer assistance and help here so keep posting. To answer your question very simply, NO you can't/won't go to jail over this IPDL debt.
bob_lora_alex - rest assured they cannot jail you for PDL debt.
bob_lora_alex - rest assured they cannot jail you for PDL debt. If they could, the majority of us on this board would have been in jail by now. They will threaten many things though:
-jail
-coming to your workplace to arrest you
-siezure of property (house, car, etc.)
-calling your employer (they WILL try to do this one, in an attempt to humiliate you into paying them)
-fraud charges
-calling your bank
They will threaten a lot, but keep in mind, if they are not licensed in your state (which most internet PDL's are NOT), they don't have a leg to stand on as far as the arrest/jail threat. You cannot be jailed for PDL debt, especially with an internet PDL.
Stand your ground, and know your rights. Check out your state's PDL laws, the interest rate cap, and find out if they are licensed in your state. Then, when they try to push you, PUSH BACK!
Here is Texas: Quote:Citation: 7 Tex. Admin. Code ????
Here is Texas:
Quote:
Citation: 7 Tex. Admin. Code ???? 1.605; Tex. Fin. Code Ann. ???????? 342.251 et seq. and 342.601 et seq. Loan Terms: Maximum Loan Amount: Loan Term: 7-31 days Maximum Finance Rate and Fees: $10 per loan + 48% annual interest Finance Charge for 14-day $100 loan: $12 apr for 14-day $100 loan: 309% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified ($500 aggregate loans outstanding to all licensees) Rollovers Permitted: None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: Not Specified Criminal Action: Not Specified Where to Complain, Get Information: Regulator: Texas Office of Consumer Credit Commissioner Address: 2601 N. Lamar Blvd. Austin, TX 78705 Phone: (512) 936-7600 Fax: (512) 936-7610 Regulatory Contact: , http://www.occc.state.tx.us/ Debt Limits: Maximum Number of Outstanding Loans at One Time: One per location Rollovers Permitted: None (cannot renew or consolidate) Cooling-off Period: 24 hrs Repayment Plan: |