payday loan

Date: Thu, 02/10/2011 - 13:49

Submitted by anonymous
on Thu, 02/10/2011 - 13:49

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Total Replies: 3

I was contacted after 10 yrs on a payday loan that was taken out in florida, they said they were going to take my payment out of my income tax can they?

Though payday lending is legal in Florida, the statute of limita

Though payday lending is legal in Florida, the statute of limitations for legally collecting a debt in Florida is 5 years. Legal actions are possible within this period. As 10 years have passed, the payday lender cannot sue you in the court but you still owe the debt to him. In order to take away your income tax refunds, the creditor will have to file a lawsuit against you. But he won't be able to do that as the SOL is over.

lrhall41

Submitted by Anna Sweeting on Thu, 02/10/2011 - 18:39

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A payday lender cannot file a lien against your taxes even with

A payday lender cannot file a lien against your taxes even with a judgment. And technically they could still sue...your affirmative defense would be that the debt is out of SOL>

lrhall41

Submitted by SOAPLADY on Thu, 02/10/2011 - 19:02

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What was the name of the payday lender? Have you recently obtain

What was the name of the payday lender? Have you recently obtained a loan online?

lrhall41

Submitted by Shazzers on Fri, 02/11/2011 - 17:47

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