please help defaulted in payday loan and is terrified

I would say they are blowing smoke, but hang on and some of our experts will be around soon to chime in!

okay thanks

Sounds like more scare tactics to me. You aren't going to jail for defaulting on a loan. That's a civil matter, not a criminal matter. Please post the following information, the amount borrowed, amount paid back, the state you live in and whether this is an internet or store front loan, then I am sure someone can help you out and give you some advice. :)

i borrowed 600 i wasnt able to pay anything back i lost my job two days after i took the advance out ! I lived in delaware at the time and it was a internet loan the name of the company was cashin30minutes.com

"No criminal action can be taken against the consumer due to nonpayment of outstanding amount or, unpaid return check or automated clearing house transaction. Lender can collect reasonable collection cost or attorney????????s fees, provided these additional charges are mentioned in the agreement paper."

This is from the Delaware law section. You will not go to jail or be charged with check fraud. Lenders do need to be licensed in order to lend money, even online. I do not know off the top of my head whether cash in 30 minutes in legal but due to the fact that they threatened you like that I would guess that they are not.

THe company that threatened me was national attorney collection services..the have took over the debt for cashin30minutes.com or better known as emg-easy money group..... thanks for the comment

keep track of everything the collection agency says to you and write names, times ect. What they are doing is against federal collection practice laws and you could sue them for this behavior. Make them validate your loans. Someone should be along to give you detailed information on what to do.

Thanks for the comment!

This request has been posted in multiple threads.

pleasestop11, if you haven't already, send the collection agency a debt validation letter as soon as possible.

What is a debt validation letter?

It is a letter requesting that the collection agency send you in writing a validation that you owe a debt. If you send them the validation letter ( which someone here can pm you or post here) they must stop harrassing you and validate that they own the debt and that it is a legal debt. My guess is it is not a legal debt and once you ask them to validate it they might just go away, some others here have had that experience.

Do you guys need help with a debt validation letter? Any time a collection agency is trying to collect from you, send a letter demanding debt validation. They must validate the debt.