Illegal PayDay Loan Companies
Date: Thu, 08/20/2009 - 08:45
If a payday loan company that is illegal tells you that they will turn your account over to a collection agency...are they bluffing? Because...if they are illegal...they really can't expect the borrower to pay back anything but the principal..right??
Well, it depends on the lender. Some turn it over to the guy in
Well, it depends on the lender. Some turn it over to the guy in the next booth and call that collections, other turn it over to a bottom feeder who isn't licensed to practice yet they will call you and threaten, harass and say all kinds of things to scare you. The best way to handle it is to not talk to them period. If they are really going to sue you let them, a judge will frown on an illegal lender.
