What happens if I don't pay the payday loans

Please give us the state you live in and the names of the PDLs.

Also, include the amount you borrowed and the amount you have paid including all fees or rollover charges.

They will lock you up and throw away the key.

Quote:

Quote:

Yep, I almost thought the same thing :wink:

Troll be Gone!

You can't go to jail for that,it's a civil not criminal matter.Don't let them scare you.

Excuse me? Someone said on the boards that collectors start calling them at 5:22 am??? Report these people!! And do this now!! This is harassment!!!

Wow that is ridiculous :shock:

You're exactly right, but how do you press charges against someone that you cannot find?

Get the name of the company that's calling--or if you can't report them in the name of the PDL they are calling for. They are doing business for this PDL, so someone,somewhere is being billed for their services, which would mean they would have to have an address. Don't let this stop you! What's next--having them call at 4 am?

Good idea. Even if the PDL is based over seas, they sometimes use US based calling centers. I know this because AIP tried this with me. Their head office was based in th UK, but used a DE calling center to harrass me :evil:

Get the name and address of the calling center then report them. When I reported AIP they replied to the BBB telling them they did not offer loans at their location, but was a calling center for the UK head office.

The calls stopped after that :twisted:

I cashed a paycheck that I received in the mail at a check cashing place. I later on found out that the check was void by my company and already spent the money because I did not have much to begin with. I now lost my job and cannot repay back the check that I cashed which was about $800....I was receiving calls and getting visits from the check cashing company telling me that I need to pay or they are going to go to the DA. So, i sold my laptop and gave them $200 so far, but since I do not have a job anymore I told them that I cannot pay right now because I have no money....I told them that things are really bad for me and now the check cashing guy is telling me to give him something for collateral or he will contact the DA for an investigation. Also, I couldn't pay for my cell phone anymore so it was disconnected and so I told him to get in touch with me by email. Things are so bad for me right now and he still keeps hasseling me. I understand that he wants his money and I would give it to him if I had it, but I am barely getting whatever money I can to support my family. What do I do? Can he really go to the DA to file an investigation? Can I go to jail for $600? Any help would be great. Thanks.

I am in california by the way....Los Angeles, CA

Quote:

Aristole, Do i need proof that he is harrassing to take me to the DA's office? I have an email from him stating that. Also yes it was a payroll check that stopped payment before it got to me. Thats what I found out from my old employer once the check was already cashed. Thanks again for putting my mind at ease.

It has been a long time since I have dealt with this, but I believe that they are entitled to come back to you to collect the balance due.?? If you refuse to pay, they can then go to the DA.?? They must be able to prove that you cashed the check and that it was a valid check.?? If they actually get to the courts, they can collect the face value, court costs and in some states, treble??damages (triple value).?? The proof will also include that they determined??that there were no stop payments on the check, I believe.?? It has been many years, but I can assure you that most check cashiers will use??every legal means to collect an $800 check.
Do you know when (before or after you cashed it)??and why a stop payment was placed on the check?

I would recored every call and save every email this moron sent me. File a complaint with your state's AG and Dept of Financial Institutions ASAP.
??
In the meantime seek reimbursement from your old employer and try to rectify the fees and such. This can be a civil claim in court if necessary. They seem to be partly responsible for this snowball effect.?? You need to find out why a stop payment was put on that check. Also you need to prove it was cashed before you were notified of the stop payment.

Do not let that jerk intimidate you into pawning anything or giving him colateral. Let him know you are seeking reimburement for the check and will arrange payment soon. If he continues to threaten take notes to help your claim.

**FYI** a returned check does not equal Abusive Collection Practices. The store owner is still a moron and is breaking the law in suggesting colateral for silence.
Either way you will have to repay the store, at the same time the laws must be followed.

I am not refusing to pay...I just cannot pay due to financial hardship. The check was cashed not knowing a stop payment was on it. The stop payment was there because they sent out duplicates and informed me after the check was already cashed. I shoed willingness to pay when I paid the $200 which also set me back. I have so many bills that I cannot pay right now and I told him that. I applied for unemployment, but it has not kicked in yet. I cannot afford to go to jail on this because my family needs me and that is why i am trying to get some advice. He is emailing me threatening me to go to the DA for investigation and he is telling me that he will except collateral to hold on to until the amount is paid. This is the owner of the check cashing place. What is the worse possible thing he can do to me?

You cannot go to jail over this. You can go to court, but not put in prison. I wouldn't give him jack for colateral! You did show willingness to pay so the judge will see your attempts to rectify the situation. Do you have a receipt showing you paid the $200 and your leftover balance??
??
You said your employer sent duplicate checks. Well I would still make them aware of the situation and seek reimbursement for their obvious mistake.

You will not go to jail, but you do want to get this corrected ASAP.?? You say that the company sent our duplicate checks??? What did you do with the second check?

Yes I do have a receipt showing that I paid $200 for the bounced payroll check, but the receipt shows no balance....it just shows that I paid $200 for a returned check.....Thanks for all your advice. I will call him in the morning like he told me to and tell him that I will contact him once my situation changes, but as for the collateral, I will not give that to him. Thanks again!

So did you cash one check and return another??

No...I cashed both checks because the other check looked different from the first one so I thought it was from one of my clients because I am a freelance photographer.

??Did you cash both checks at the same check cashing store??

How did the company notify you of the stop payment?

I owned "EZ money" 600.00 and I just let it go they sent a letter in the mail stated that will settle for 50%. I have notice if you let it go they will settle for less. If you contact them and advise them on your money problems they will work with you because little money is better then no money!!!
Jordan
Dallas Texas

I live in SC hubby and I recently fell on hard times, with jobs etc. We have 2 payday loans for $600.00 what are the laws here in SC? We are wanting to close our acct and make payments, any advice would be great. thanks

Payday loans are legal but they must be licensed.

What are the names of the PDLs? Are they store front or internet?

I have 3 pay day loans Cash Star group, Nationwide and Flash loans. I have stopped paying because of loss of job.

Cash Star is illegal. That is just another named used by Red River.

I did not find the other two on the FL database so I am going to say they are also unlicensed/illegal.

Our 2 loans are Check N Go and Advance America, both storefront... in SC... Any advice?

Request and EPP, extended payment plan. You can pay off the loan in four equal payments over four paydays.

I owe several payday loans from 2008, but I have filed chapter 13 will this take care of them?

I owe several payday loans from 2008, but I have filed chapter 13 will this take care of them?

Well did you include them in your bankruptcy??

Yes I included all of them!

Can I get a answer about my chapter 13 and pdl's?

ms b -

Please start a new thread asking your question - you'll get a lot more attention and answers that way.

I have filed chaptert13, I put a lot of personal loans and payday loans in the plan, will this take care of the checks left at those companies since 2008. I am in alabama. Thanks

after reading all these post,i wonder why pdls are even legal,they claim they are their to help us but they have to know its a trap,i currently have 6 pdls myself and its a nightmare,i feel the only way out for me is chp 13 bankruptcy

rydermack -

Please start a thread regarding your PDL's and provide the following info - Chapter 13 may not be the way to deal with this.

Start another thread of your own and list the following, and one (or more) of us will provide you with some info:

State you live in
Whether your PDL's are internet or store-front based
How much you've borrowed from each one
How much you've repaid each one (including interest/penalties)

I am from Michigan.

I have 2 loans from Advanced America for $500 each. (Total of $1000) Last Monday, I went in and paid the minimum to start a payment plan on both loans, which is $15. In a week, I'm due to come in and start the first of 3 payments for each loan.

I also have one loan of $600 from First Bank of Delaware online. With interest, I owe over $1100. I've only made 1 payment thus far of $97.00.


I've ran into some financial trouble and have to come up with a good deal of money to repair my car... which is the only way I can get to work and make money. I'm on my own, and have no help from friends or family.

How do I approach them about not being able to pay in a week?

Should I close my checking account?

What can I do so they won't call my references or my work?

Any laws in Michigan I should be aware of? Rights?




I need help. I'm contantly loaning and reloaning, it's making my head spin. I'm so stressed with my life revolving around these PDLs. I want to pay them off, but it would have to be monthly and smaller payments.


Any help, please?!?

First Bank of Delaware is an installement loan so the payday loan laws do not apply to them

Ia m surprised you have two loans with the same store front. I did not think that was allowed.

Can you make any of the payments?

If not then you will default. You can either place a stop payment on the checks and a ACH block for FBoD or you can close the account.

Criminal action is prohibited but they could sue you in civil court.

Quote:

I'm wondering the same thing. Michigan has laws against the number of loans you can have out at one time - especially from the same lender.

At one point, I lost my job and could not afford to pay off my PDL. So, the advised me to go to another store and take out another loan. I've been doing that for well over a year. The lady said that Michigan law allows you to take out two PDLs.


Anyone know what I can do about Advanced America? If I'm already in a payment plan and can't pay, are they willing to work with me then?

If I close my bank account, will that get me in trouble?

You will not get in trouble. Debt is a civil matter not a criminal one.

I would advice you if you don't close your account then place a stop payment on the checks.

I defaulted on a loan with them once and they made arrangements. I was paying then out of nowhere they decided to deposit the check I wrote them which resulted in clearing out my checking account.

They did refund the money I had already paid but I was still in bad shape. Do not trust them to keep their promise on arrangements.

Do as nohiogal advised on closing your account. They are Legal but they can be sneaky at times :?

Should I just not show up on Monday?

Or should I call before hand, explain to them the situation and wait til they take the matter their way?

I will close my checking account for sure before hand.


Will they just start calling me? Any word of if they use a collection company?