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PayDay Loan

Date: Fri, 07/09/2010 - 13:23

Submitted by anonymous
on Fri, 07/09/2010 - 13:23

Posts: 202330 Credits: [Donate]

Total Replies: 5


I took out 2 payday loans 4 years ago, needless to say I had an issue with my funds and when it came time to debit my account for the funds, it was not available. After 3 1/2 years I get a call from a lady claiming to have me arrested that day, if I did not pay within the next few hours. I told her I did not have because I am on unemployment and they should have contacted me earlier in the year. She said they were sending me letters at an address I have not lived at in over 3 years, but found my cell number that is not in my name.
I told her I tried to contact the lender which was Power Funding Inc but I could not find any information on them.
Can I get arrested for not paying a loan, I did make a 50.00 payment that day.
But I cannot afford to pay 155.00 for 4 weeks when my unemployment is only 182.00 weekly, I have my rent to pay.


Quote:

Originally Posted by Anonymous
I took out 2 payday loans 4 years ago, needless to say I had an issue with my funds and when it came time to debit my account for the funds, it was not available. After 3 1/2 years I get a call from a lady claiming to have me arrested that day, if I did not pay within the next few hours. I told her I did not have because I am on unemployment and they should have contacted me earlier in the year. She said they were sending me letters at an address I have not lived at in over 3 years, but found my cell number that is not in my name.
I told her I tried to contact the lender which was Power Funding Inc but I could not find any information on them.
Can I get arrested for not paying a loan, I did make a 50.00 payment that day.
But I cannot afford to pay 155.00 for 4 weeks when my unemployment is only 182.00 weekly, I have my rent to pay.


i would try to cancel the payment,or stop it as this is a scam of the highest order.alot of scams use the jail threat to get money out of people.bottom line this person broke the law in threatening you like that.you can't and won't go to jail for owing a pdl.do not give these crminals another dime if you can't get the 50.00 reversed or returned.just know that the person who called you is a pig who should be in jail themselves.file a police report for the call,and AG as well as FTC complaints.after that when she calls again hang up in her face as that is what she deserves.


lrhall41

Submitted by paulmergel on Fri, 07/09/2010 - 13:32

( Posts: 15514 | Credits: )


Quote:

Can I get arrested for not paying a loan
No, absolutely not. They have threatened you, which is a Fair Debt Collections Practices Act violation. You should immediately file a complaint with the Federal Trade Commission. Can you tell the name of the loan companies, and the state you are in? Payday lending is not legal in all of the states.


lrhall41

Submitted by SC on Sat, 07/10/2010 - 03:50

( Posts: 3937 | Credits: )


The company did not give me a name they said they were a restitution company. I tried calling after hours and the number said the extension you have dialed is not available please leave a message after the beep.
They are collecting money got power funding payday loans.


lrhall41

Submitted by on Sat, 07/10/2010 - 08:03

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The company did not give me a name they said they were a restitution company. I tried calling after hours and the number said the extension you have dialed is not available please leave a message after the beep.
They are collecting money for power funding payday loans.


lrhall41

Submitted by on Sat, 07/10/2010 - 08:07

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The company did not give me a name they said they were a restitution company. I tried calling after hours and the number said the extension you have dialed is not available please leave a message after the beep.
They are collecting money got power funding payday loans.
I was called from 877 333 0713


lrhall41

Submitted by on Sat, 07/10/2010 - 08:08

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