arizona payday laws

Hi Gloria, what state are you in?

Oh duh, you're in Arizona. :lol: Here are your state laws, although it appears you already know them. As far as the amount of interest they're charging, if you feel they are violating your state pdl laws, I would first advise you to look at your contract again to see what it says. I'll let someone else interpret this for you, as I've never been very good with numbers.

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Where it says 'Criminal Action - Prohibited'
Does this mean threats made about getting arrested due to non payment or closed account are unture?

yes, they cannot file criminal action against you, that's why they keep calling you and your job.

Yes, and if they are doing that then you should report them to the Attorney General.

i have 7 payday loans can i go to jail for that

No...if you read the threads on payday loans they are civil matters, not criminal

So if I h ave more than one pdl in Arizona, criminal action is not allowed? I won't go to jail for that? I have been managing to pay them by extending some and paying one every paycheck...

No criminal action on any payday loan. Debt is a civl matter not a criminal one.

Are the loans store front or internet? What are the name of the companies?

The state of Arizona does not allow for more than one payday loan at a time however, the current system in place makes it impossible for different store fronts to verify this information as they are not linked. So if you have a payday loan from Store A and go down the street to Store B you can get another loan. Thats why when you apply for a loan from a licensed lender doing business in AZ they will ask if you have any other deferred presentment transactions outstanding. If you answer this question no you are not being truthful but they have no way to confirm your answer.

I would not worry about having more than one loan, there is not much they can do about it. Good luck and try your best to get them paid off.

i have an az payday loan that defaulted and went to collections about a month ago....their collections people want me to give them a new check, plus a finance charge, and they say they can give me a 30 day "extension"...I think they will present the check once they get it, so I offered payments over 2 mnths to payoff the debt...they say they are going to serve me and take me to small claims court...while I understand they are w/in their rights, I don't understand why they'd rather go to court than make arrangments...the company is Cash One...any advice?

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I just received a call on a payday loan that I forgot about.. I took it out in August 2007. the call was from an attnys office in South Carolina. They sayd that they were going to take me to court... suspend my drivers license ( since i used it as collatteral when taking the loan ) and file charges in maricopa county court. I know crimially they can not do anything in AZ.. BUT the attny is in SC.. does that matter? and the company info she gave me is in NY... can they do anything crimially?? can they susoend my license? What should I do?

They are full of it! PDLs are Illegal in SC, so I do not know who would be calling form their states AG office. It is most likely the a bottom feeding collector trying to scare you.

What was the name of the PDL company your borrowed from and was it an intrnet or storefront loan?

I work for a payday loan company in arizona, is it illegal to go to customers home or work we call them field calls

I have a internet pdl where I never consented to the funds being put into my account, nor did I speak with anyone before they added the $350 to my account. Then they started removing $105 a week. My account became overdrawn and eventually closed. Now they are talking about fraud charges. Do I have any rights since I did not consent to the actual loan?

I have live in Az and have 3 loans out that I simply can not pay back they have all gone over to collections when I told them I will pay $20 a paycheck they refused no this lady from Ace is calling my work telling me I need to get legal advice and that she is going to call my HR department and get some info and then follow up. Any advice on what to do at this point and what can happen to me?

I live in Az and have 3 PDL online and I simply can not pay them I have told them I will pay $20 a month until paid off they said no. Now I have this lady from Ace calling me telling me that she is going to call my HR and get some info to follow threw with there policies she also told me to seek legal advice. Any ideas on what I can do and what will happen now?

you are not totally correct. #1-NO they can not file criiminal charges against you for the loan itself. Howevwe #2--If you payments bounce, they can file criminal charges against you for passing bad checks. Having your checking account closed is as easy as paying a small fee (that they will bill to you) and then have Chec Systems lock your checking account and prevent you from getting a new one.

people who use payday loans are crazy. it would be easier on you to go to a bookie. the fees would be less.

the problem is that you agreed to all the fees and intrest whatever the amount, and were more than happy to take the loan. now that you are having issues repaying, you are complaining about the fees? seems childish. just get it cleared up before they file charges on the bounced checks and they put all this mess on your credit report.

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In Arizona, Pay Day Loans are going away as of July 1st, now some companies are saying you can now take equity out on your car for 500.00 max, Have you heard of this.