Payday Loan Fraud?

Date: Mon, 05/31/2010 - 16:08

Submitted by wymore
on Mon, 05/31/2010 - 16:08

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Total Replies: 3

yea i have a payday loan out and when i first took it out i had an active checking account and since then it has been closed by the bank and i have been renewing my loan everytime so the loan company wont cash my check and just gives it back. now i dont think i will be able to pay it off this time so they will find out that my account is closed. what kind of legal trouble can i get into for that because i am willing to pay it off in payments when i can.

What state are you in? I am assuming this is a store front lende

What state are you in?
I am assuming this is a store front lender?
what is the name of the lender?

lrhall41

Submitted by Shazzers on Mon, 05/31/2010 - 16:12

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kansas and yes it was a store front lender (American Payday Loan

kansas and yes it was a store front lender (American Payday Loans and Advance America)

lrhall41

Submitted by wymore on Mon, 05/31/2010 - 16:48

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Your payday loan laws are at the link below: http://www.paydaylo

Your payday loan laws are at the link below:
http://www.paydayloaninfo.org/stateinfo/KS.asp
Do you know if this lender is a member of the CFSA (Community Financial Services Association of America)? I don't see them listed at the website but that doesn't mean they aren't a member, you should call and ask them, because if they are a member there are options available for you, it's called the EPP or extended payment plan. But they won't tell you about it, you have to ask for it, and you must request it before your next payment is due, click the link below to read about the EPP:
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html

lrhall41

Submitted by Shazzers on Mon, 05/31/2010 - 17:09

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