Pay Day Loan ???'s
Date: Sun, 04/16/2006 - 21:42
But are these payday loans that I got, and now can't pay considered check fraud? Will I go to jail? How long do they have to be deliquent for me to call T&C?
Also...what is the typical payment and how does it work?
I'll be unemployed here soon, so my finances are going to be cut almost in half. I've already closed the account that they keep trying to debit from, so my checking account is like -1000.00 from return check fees because the darn bank wouldn't close my account on time. And these people are persistant...everyday they would try to debit. With my outstanding loans(not to count finance charges) and with the bank, I'm looking at like 3000.00. Is that too small of an amount for T&C?
Thanks Guys!
If they are interent loans, and you gave them a post dated check
If they are interent loans, and you gave them a post dated check or didn't send them a check it is not considered check fraud. They use this threat to scare people into paying them immediately. There is no debtors jail so you will not be going to jail. Go ahead and call T&C and tell them your situation and get things set up. I will pm you T&C information.
Tammy is correct. Post dated checks are not considered as bad ch
Tammy is correct. Post dated checks are not considered as bad checks; hence they cannot bring the charge of check fraud against you. Lenders try to scare consumers to extract money from them.
Browse this forum; you will understand how to deal with them. Do let us know if you need any more information.
Another thing that should probably be added is that banks do not
Another thing that should probably be added is that banks do not like post-dated checks to begin with. If presented with a post-dated check, they will cash it.
Crazy how this stuff all works. And...you would think that sinc
Crazy how this stuff all works. And...you would think that since they bear interest, that it's not really an check advance but more of a loan, and hence then it wouldn't be check fraud. All I know is they are calling and calling. I don't even know exactly where everyone is and I'm afraid to answer my phone. Ironically, they won't even leave a message for me. Weird, huh?