PDL in Ohio

As far as I know, it is not a criminal offense and so none of the payday lenders will be able to send you to jail. However, the storefront payday lender may take legal actions against you. It will be better if you could contact your payday lender and sort out the matter with them. You may arrange for any other type of payment plan with them in order to pay off the debt.

No, certainly not. Owing money to others and failing to give that back is not considered to be a criminal offense and thus you cannot be taken to jail as a result of that. Failure to pay debt is a civil case and you can be sued for the same.

As payday lending is still considered legal in your state, you will have to pay off the debt. So, in your case, you can talk to the lender and try to get some repayment option or rather consolidate the loan so as to pay it off.

Bottom line....debts are civil, not criminal. You cannot go to jail. Period.



Anna...you should know this by now..."as far as I know" is NOT an acceptable answer" If you do not know an answer as a fact, do not post. Do not post what you think, only what you know.

well i asked the bank today about post dated checks and i was told the state of ohio doesnt recognize post dated checks and could still have criminal chrages filed for passing bad checks

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Criminal action is prohitbited in OHIO. You cannot be arrested!!!!

so i can't even get in trouble for like writing bad checks to these places, we had a call form someone claiming to be from the state of ohio and we needed to contact a number which turned out to be Rent A Center Financial Servies Because the was wanting to press charges for Financial Fraud

whoever called claiming to be from your state should be reported immediately to your local police.also this rent a center financial.they both broke the law.again fraud is a crime and defaulting on a pdl is not a crime.report both parties asap.

just so i am clear PDL can't press charges for like bad checks or fraud or anything like that? like i said previously my bank told me the state of ohio doesn't recognize post dated checks!!!

the lender would be guilty of accepting said check.that is why pdl lenders are prohibited from criminal action to collect,or enforce a pdl.

so even though it was a bad check they can't do anything when they didn't know the check was bad?

what do you mean by that?you see pdl's take checks knowing there is no money in the account.so proving intent here is the key.

just that!! couldn't pay closed account and now worried abour going to Prison... i was on ssi at the time, they took it and i couldn't pay so i closed the account and i had intended to pay em back

Please listen!

You CANNOT go to jail for not paying a payday loan! Period!

Check written for payday loans are a different animal and are not considered "bad checks" if they don't clear.

Criminal prosecution for defaulting on a payday loan is prohibited in the state of Ohio.

Work out a payoff arrangement if you owe them the money AND report them to Ohio's Attorney General and the Ohio Division of Financial Institutions for their collection tactics.

Ohio State Information

Legal Status: Legal (Low Cost)

Citation: Ohio Rev. Code Ann. 1321.35 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Minimum: 31 days
Maximum Finance Rate and Fees: 28% annual interest
Finance Charge for 14-day $100 loan: $1.08
APR for 14-day $100 loan: 28%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One, four per year
Rollovers Permitted: None
Cooling-off Period: 2 loan limit in 90 days
Repayment Plan: Yes, 60 days, no fees

Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs after default; damages
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400