I ned payday loan help

Date: Fri, 07/15/2011 - 11:03

Submitted by anonymous
on Fri, 07/15/2011 - 11:03

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Total Replies: 6

I'm located in new jersey and I had a few payday loans within the last few months, I did like 3 in a week, I cannot pay them, I changed my account number so they can't take my money, but I got a all on behalf of one of the companys saying they filed a law suit and what not and if I had a lawyer, I can't afford a lawyer, what will happen if I just ignore them? the 2 companies names I remember are cmg group and another is cardinal management, loan amounts vary from 200 to 300, will I go to jail because of the law suit or what? What's the worst case scenario? I have no idea what to do

Someone will be along to help, but in the meantime, please check

Someone will be along to help, but in the meantime, please check the payday loan laws for your State at the head of this forum.

lrhall41

Submitted by on Fri, 07/15/2011 - 11:36

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here is the info

no pdl is legal in NJ especially the ones you listed.they didn't file squat,but since they must sue in your town,county,village,or bourough you can easily check your court clerk website using your name as the defendent.when you see nothing there,and since you closed your account file AG,AND FTC complaints against all three lenders.btw since all are illegal you only owe the principle and anything debited gets deducted from that so you don't even owe the original principle.

lrhall41

Submitted by paulmergel on Fri, 07/15/2011 - 11:48

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the guy on the phone said somthing about information being gathe

the guy on the phone said somthing about information being gathered and being sent to california for review, and what do you mean by the companies arnt legal? And what do you suggest I do? What do I have to be worried about if anything

lrhall41

Submitted by on Fri, 07/15/2011 - 12:36

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okay let me explain

treat everything a collector on these says as a lie.they must take any action in NJ and in your town,county,village,or bourough.the fact he stated california is a joke.btw your pdl laws state prohibited meaning no pdl is legal,especially internet ones.file a police report,and AG complaint.then ignore whoever this is.

lrhall41

Submitted by paulmergel on Fri, 07/15/2011 - 13:16

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Lending of payday loan is considered prohibited in the State of

Lending of payday loan is considered prohibited in the State of New Jersey. That???s why all the pdl lenders in your state are illegal. As they are not licensed, so you will have to pay only the principal amount. Illegal payday lenders don???t have any right to take any legal action against you. Non-payment of debt is not a criminal offense. So they can???t send you to jail for this reason. If you fail to repay the debt, then the lenders may file a lawsuit against you. Once the court issues a judgment against you, then the lenders can garnish your wages. So, it will be better to repay the debt in full. If you are in a financial crisis and can???t repay the debt in full, then you may negotiate with your lenders. You may try to arrange a better repayment plan with them. If it seems difficult to negotiate yourself, then you may get help from a reliable debt relief company.

lrhall41

Submitted by sally.nachelle on Sat, 07/16/2011 - 03:14

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They can't do anything

to you if payday lending is illegal in your state. The contracts are null and void. No court will take them. Write your AG.

lrhall41

Submitted by on Tue, 07/19/2011 - 16:07

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