Could u be arrested for a defaulted payday loan??

Is this a store front or internet? Except in rare check fraud cases by storefronts you can't be arrested for defaulting on a loan. We do not have debtors prisons in the US in the 21st century. It is most likely an illegal scare tactic. What state are you in and have you made any payments on this loan. If so how much and how much was the loan for?

oh brother,no my friend,you will not be arrested.this is a classic scare tactic.they have no legal ground to stand on.if you could give some more info on your situation we would be happy to help.
when will these pdl's learn. :roll: :roll:

You can not be arrested for non payment of a pdl. It is a scare tactic to get you to send them money. What state are you in. Is this your only loan?
How much borrowed, how much repaid?

I currently have 4 payday loans.
Ace Cash Express - $400 paid $81.42
The Cash Store - $800 not to sure how much I repaid lost some of the paperwork.
Check N Go - $550 but already paid $150, $212.11, & $50
Advance America - $783.80 paid $200.
All these loans are storefront and my state is Texas. I recently signed up with Town & Country in March.

when did you start with T&C?you should inform them of this.they should handle it from there.

I signed up in the beginning of March. I have already paid my retainer fee and began my weekly payments. I just got shook up when I received this call. Actually they called my brother & then he called me & told me that if I didn't go to their store here in town & make payment they would have a warrant for my arrest first thing tomorrow. So I freaked out & decided to post on here to get some advice and reassurance.

Please be careful because Texas is the one state where you can be prosecuted for defaulting on a payday loan if fraud can be proven. The fact that you have made payments on these loans, to me, shows there was no deliberate attempt to defraud. If you took the loans and tried to hide that would be different. To me this is just a scare tactic. Like Paul said, let T & C handle it.

I don't want to sound stupid but what do u mean by fraud?? I will definitly give T&C a call.

To prove fraud, they would have to find proof that you took out the loans with the INTENT to defraud the company - in other words, you took out the loans with no intention of paying them back - ever.

The fact that you have attempted to make payment on all the loans would make that hard to prove. But I would definitely follow the advice given above by Paul - get in touch with T&C and make them aware that Ace is harrassing you.

I plan to give them a call. I thought everything was going good I haven't received a call from any payday lender until today. But I will call T&C and I will keep u guys updated...Thanks for the advice

I live in arizona and have 6 payday loans. I am making payments to 2 of them but ACE wants me Behind bars and will not accept small monthly payments. where do I stand? Should I seek a lawyer(can't aford that)
HELP
DOBREY

Arizona State Information

Legal Status: Legal

Citation:
Ariz. Rev. Stat. ???? 6-1251 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 5 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: Three (extensions)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $25 NSF fee + actual charges assessed by the financial institution
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Arizona Department of Financial Institutions
Address: Financial Enterprises Division, 2910 N. 44th Street, Suite 310 Phoenix AZ 85018
Phone: (800) 544-0708
Fax: (602) 381-1225
Regulatory Contact: Robert Charlton,, Assistant Superintendent of Banks
Regulator Website

Licensee Database

Complaint Instructions

Complaint Form Link

Online Resources:
Formulario De Queja

dobrey,

Do not worry about Ace. They can sue you civilly and garnish your wages, but you cannot go to jail for it and if they have specifically told you you would, file a complaint.

If they do sue you, you have about 90 minimum before they will garnish your wages from the date they file.

i got a phone call from ace cash express today in dallas texas i have a balance of 432.00 have not paid it they called and said if i don't pay by friday nov. 14 they are taking legal actions for writing a bad check i want to know what i should do they have been very rude calling my job my mother