online payday loan

Date: Thu, 07/30/2009 - 15:20

Submitted by anonymous
on Thu, 07/30/2009 - 15:20

Posts: 202330 Credits: [Donate]

Total Replies: 3

i live in indiana a took out a payday loan online. i fell on hard times,i.e, permantly disabled. yesterday,almost 2 years after loan i recieed a call from a collection co. for this loan threatening to file 3 different types of fraud charges. is this legal in indiana?

Defaulting on your payments is not a fraud and so they cannot ch

Defaulting on your payments is not a fraud and so they cannot charge you with fraud. The creditor can at the most sue you to the court and bring judgment against you to recover the outstanding the debt through garnishment if they want.

lrhall41

Submitted by SC on Fri, 07/31/2009 - 04:08

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Sc PLEASE stop giving out this info before you know the facts.

Sc PLEASE stop giving out this info before you know the facts.
Poster , please tell us the name of the lender you are dealing with. If it is online chances are they may be an illegal lender in which case they can not and will not sue you

lrhall41

Submitted by on Fri, 07/31/2009 - 05:05

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My opinion, the original PDL has sent your defaulted PDL to a

My opinion, the original PDL has sent your defaulted PDL to a collection agency. Since most of the collectors that work for the collections agencies are paid by commission they will use any and all means to collect on the debt. Scare tactics are their favorite. As SC stated it is not fraud to default on debt. You stated that you were permantly disabled, so I assume you are on social security disability??? If they do file suit and are granted a judgement they can not garnish a social security disability check.

lrhall41

Submitted by fatcat on Fri, 07/31/2009 - 05:56

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