Payday Loan collections in Kansas
Date: Fri, 09/17/2010 - 11:53
The Payday loan collectors are calling 5 - 6 times a day and threatening criminal prosecution. Is it a criminal offense in KS? If it is civil, what could they possibly get from this person (household items, maybe the car)? This person has lost everything to the Boats. Stupid thing to do - yes, but that is the situation. I am trying to tell them to not go do anything else, don't sign or agree to any plan or Payday loan extension. But they are pretty worried about a police officer coming up to the door anyday. The payday loans are now 30 days past due and the bank checking account has now been closed (this was done right before the Payday loan checks were presented).
This person has no $$, I paid the rent & utilities for the past month, but no more. I refuse to pay anything to the payday loan people, no matter how hard they push. Sorry for the long post.
They blowing smoke....they cannot take criminal action for a PDL
They blowing smoke....they cannot take criminal action for a PDL.
Kansas Payday Loan Laws
State Legal Status
Lending of payday loan is considered legal in the State of Kansas.
Loan Specifications
- Maximun Amount of Loan - $500
- Term of Loan - 7-30 days
- Maximum Rate of Finance and Fees- 15%
- Finance Charge on $100 loan for a 14 day period - $15
- APR for $100 loan for a 14 day period - 390%
Debt Limits
- Maximum Number of outstanding loans permitted at a time - 2
- Permissible number of Rollovers - Not Specified
Limits of Collection
- Collection Fees Amount - 1 NSF fee
- Criminal Action - Prohibited
File your Complaint and get Information
- Regulator - Office of the State Bank Commissioner
- Address - 700 SW Jackson, Suite 300 Topeka KS 66603
- Phone - (785) 296-2266
- Fax - (785) 296-0168
- Regulatory Contact - Kevin C. Glendening,, Deputy Commissioner, Division of Consumer and Mortgage Lending
Quote:Originally Posted by AnonymousI have a elderly relative in
Quote:
Originally Posted by Anonymous I have a elderly relative in Kansas that took out a couple payday loans & can't pay back. This person is retired, has no home (rents), minimal assets, & lives of the Social Security check each month. This peson took the loans out, went to the casino & lost it all. They are now going to Gamblers Anomyous, but the prospect of paying back is very slim. This person might have $100 left over each month after rent, utilities, medical bills & food. The Payday loan collectors are calling 5 - 6 times a day and threatening criminal prosecution. Is it a criminal offense in KS? If it is civil, what could they possibly get from this person (household items, maybe the car)? This person has lost everything to the Boats. Stupid thing to do - yes, but that is the situation. I am trying to tell them to not go do anything else, don't sign or agree to any plan or Payday loan extension. But they are pretty worried about a police officer coming up to the door anyday. The payday loans are now 30 days past due and the bank checking account has now been closed (this was done right before the Payday loan checks were presented). This person has no $$, I paid the rent & utilities for the past month, but no more. I refuse to pay anything to the payday loan people, no matter how hard they push. Sorry for the long post. |
Owing a debt is a civil matter not a criminal one. What are the names of the pdl's? Were they Internet or store front lenders? If they were Internet lenders I would advise her to change her phone number.
Soaplady & Shazzers, Thanks for your replies, they will at least
Soaplady & Shazzers,
Thanks for your replies, they will at least help me calm this person regarding the comments that this is a criminal offense. In any event, this will be a long hole to get out of for this person. I suspect they will be dealing with these phone calls for several years. Right now they have no plan to pay back the $$ as there is little leftover at the end of the month. Unless & until they force some change: Rent, Utilities, Food, then medical bills are first, the Payday loan people fall at the end of the list. Given this persons circumstances, still not sure what the Payday Loan people could get even if they sued. Again thanks for your advice. Please add any more info (regading the PDL remedies / actions) from your experiences if you can. Thanks Mike
