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I took out a loan to pay for my car to get fixed

Date: Thu, 01/12/2006 - 02:11

Submitted by anonymous
on Thu, 01/12/2006 - 02:11

Posts: 202330 Credits: [Donate]

Total Replies: 3


I'm so scared. I took out a loan more than a month ago to pay for my car to get fixed. I couldn't pay it back and I haven't heard anything from the company since the last call that said, "It will be in your best interest to contact us before Friday." That was last friday. Can I go to jail for a bad check? I wrote it in Alabama and I've been scouring the net for the laws on this thing, but I just can't find anything definitive for AL, one of the few states left where there isn't much legislation on the payday advance companies.


desperateinga

Hi, welcome to the forums! Sorry to hear of your recent financial situation. Have you actually tried contacting the company? Also, you mentioned writing a check...was this a walk-in payday loan place? They have different rules/laws, which are usually those of the city/state you took the loan.

Chances are, they were trying to get you to call them back because you have a new payday coming up, and they are going to attempt to hit your account again. Contacting their customer service department might offer some settlement choices.

Hope this information helps....

Regards-
Mike


lrhall41

Submitted by Teleport on Thu, 01/12/2006 - 05:34

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Under Section 3-104(2)(b) of the UCC, writing bad checks is not defined as a crime because a post dated check cannot be payable on demand before the due date. I will advise you to check the statutes in your state and get an idea of the current law.

Anyone can be guilty for writing a bad check. It can be you who drew the check or the person who fraudulently passed it on. Any person or a third party who has endorsed and passed the check to some other person is equally guilty. In Alabama, the bank charges of writing a bad check is approximately $10. You need to confirm it with your financial institution. You can not be sent to jail for writing a bad check.


lrhall41

Submitted by ben on Thu, 01/12/2006 - 11:17

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