Store Front PayDay Loans in KY

Date: Mon, 01/17/2011 - 10:04

Submitted by Vilred
on Mon, 01/17/2011 - 10:04

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Total Replies: 4

Okay ... do they really have any kind of legal rights...or are they just using scare tactics?
My daughter has got herself into a mess with one of these companies .. now they are saying they will take her to court for the money.
She was receiving SSI payments at the time of the payday loan ... now these SSI payments have been cut because she married.
What legal rights do store front payday loan companies have in KY?
Please help me...I'm new ...but I can see there are a lot of great people on here helping others...
Thanks!!!

While criminal action is prohibited, civil action is their right

While criminal action is prohibited, civil action is their right. They can and WILL eventually sue, or turn the accounts over to a collection agency.

She needs to make some type of payment arrangements.

lrhall41

Submitted by Shazzers on Mon, 01/17/2011 - 12:09

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Correction on Shazz's comment. If she is only receiving Soc Sec

Correction on Shazz's comment. If she is only receiving Soc Sec for income, it is judgment proof. Depending on the company, they may not sue as not all storefronts use the courts. I would still make arrangements to make payments, but most companies will not waste the money to file on a judgment proof account.

lrhall41

Submitted by PDLOwner on Mon, 01/17/2011 - 14:08

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Thanks for clarifying PDLOwner!

lrhall41

Submitted by Shazzers on Mon, 01/17/2011 - 15:02

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Thank you to the both of you for your help!! It's greatly appr

Thank you to the both of you for your help!!

It's greatly appreciated!!

:)

lrhall41

Submitted by Vilred on Wed, 01/19/2011 - 09:45

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