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PAYDAY LOANS IN TEXAS HELP ME PLEASE!!!!!

Date: Wed, 12/10/2008 - 10:01

Submitted by mommasboy6960
on Wed, 12/10/2008 - 10:01

Posts: 14 Credits: [Donate]

Total Replies: 5


hi i have a questoion i have a payday loan from ACE CHECK CASHING FOR 400.00 i defaulted on it and i had closed my bank account for other reasons not due to the payday loan. i have has a total of 6 payloans that i think 5 i have defaulted on 3 store fronts and 2internet ones;the 3 store fronts are : EZ MONEY(490.00) ACE(400) AND PAYDAY ADVANCE(315.00)..and the 2 iunternet ones are speedy cash(500.0) and check n go(975.00). A GUY called me the other day he said he was an investergator from ACE and he wasnted to know if i wanted to make a statement before he went and contact my local DA'S/POLICE DEPT and file charges on me. he was very rude and i told him that i have been diag. with congestive heart failure at the age of 26 and i asked him if i could make arragments out at 1st he said no that he was tired of dealing with me and he was just giving me a corusity call and wanted to make sure my home and work address was right (which i lied caused i had just move about 4 wks ago) and he asked if i still worked at my current job and i told him no.(which was a lie) he then put me on hold and came back and said that he could give me untill the 19th of dec no later than 12pm to pay a settlement of 385.13 if i was not paid by 12pm on the 19th he would prusue criminal charges. i have called an lawyer and she told me that he was prollb;y blowin smoke up my butt but she wasnt to sure . i have called the police dept here in town and the det. was rude and told me yea they can press charges and she told me i need to pay what i borrowed. i dont really have the money due to bills xmas etc.. he offed me to pay and reborrow it right back and i told him that i would never do business with them ever again and i have told serval of my friends that too. he didnt like that to well. so what can i do should i pay it or should i let dead dogs lay.and not worry about it ?????? i am so confused he scared me that day really bad please help ..!! thank you i live in HOUSTON TX


i am sorry that is happening to you, i have been through every bit of it, and i still owe on 2. i have been told you cannot be arrested, that is their scare tactic, be calm, it will be ok, if they donot work with you, they donot want their payment too bad. someone will find out for sure the texas laws, i am also in texas, and i never knew the laws, but i only did what i could, that is all you can do. good luck,


lrhall41

Submitted by on Wed, 12/10/2008 - 10:33

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Store fronts are usually licensed and legal. Texas also has companies operating as CSO's. In my opinion, store fronts can and will file charges against you, its in your best interest to make payment arrangements with them if they are willing to work with you. I am not trying to scare you but you could end up in court if you do not take care of these store front loans.


lrhall41

Submitted by on Wed, 12/10/2008 - 11:03

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yes they can end up in court,but this particular pdl is threatening criminal action which is illegal.they cannot and will not have you arrested for a pdl or any kind of debt.yes they can end up in court.in a civil case,not a criminal one.


lrhall41

Submitted by paulmergel on Wed, 12/10/2008 - 11:07

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I think that mostly you are right in saying that the Pay Day loan place cannot press charges. However, the bank you have your account with might press charges for the return check fees or overdrafts oon the account due to the bounced checks. If the bank files charges, then you may expect to hear from the Men in Black. You might want to call your bank to verify default status and negotioate a payment option. just a thought. Someone let me know if this sounds accurate.


lrhall41

Submitted by on Fri, 02/06/2009 - 08:30

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