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Collection Threats

Date: Tue, 12/14/2010 - 11:16

Submitted by anonymous
on Tue, 12/14/2010 - 11:16

Posts: 202330 Credits: [Donate]

Total Replies: 2


Has anyone ever been threatened with criminal charges if they didn't pay or that they would send someone to your home or office to arrest you? I was also told that they would call Social Services to take my kids so that there was someone to look after them when I was arrested and this was just for a collection on a $300 PayDay Loan. :confused::(


First of all, you cannot be arrested and thrown in jail for defaulting on a payday loan. If you could, then half of us on this forum would be in jail. So, no one is going to come and arrest you and no one is going to take your kids from you. What is the name of the payday lender and what state do you live in? If a payday lender is not licensed to do business in your state, then you are only morally obligated to pay back the principal balance (no interest or fees). Please respond to these questions and someone on this forum will be able to help you further.


lrhall41

Submitted by Lizzie1014 on Tue, 12/14/2010 - 11:26

( Posts: 382 | Credits: )