Are internet based payday companies different than storfront

There are BIG differences! Storefronts for the most part are licensed in your state and generally follow your state laws. Internet pdls's are mostly located out of state, or even out of the country, are not licensed in your state (for the most part) and charge interest rates that are illegal!

ok. thanks but what i really want to know is can internet companies charge you for fraud? im pretty sure storefronts cant. im really scared

It's based on the laws of your state. In my state, they can not take criminal action for defaulting on a PDL. They (especially internet) will tell you anything, short of them saying they have 25 people coming to your house and will be arresting your mother, in an attempt to get you to pay up--but they are lying. They can however, file in civil court, but most internet PDL's won't take you to court--because then their illegal tactics will be exposed.

You can not be charged with fraud by the ipdls. They aren't even licensed to loan in the states they conduct business in. File complaints with your AG's office and the AG's office in which the ipdls are located and block them from your account. You will not be charged with fraud or get arrested, although they make this illegal threat all the time, it is a false threat.

ok im relaxed a little... so no one has ever gone to jail for this?

No, not for defaulting on ipdls at least nobody from this forum. These companies aren't even licensed, you need to block them from your account or close and open and new one. Definately file complaints with your AGs office as well as with the AG of the state in which they are located. They make those same threats to everybody who challenges them, you won't go to jail.

i had to close my account.. they kept overdrafting... it got to the point that they took my whole paycheck one week

Noone's been in the slammer yet, as far as I know! I would try and and payback what you actually borrowed (the principal), along with a LEGAL interest rate in your state--and no, 400 percent interest, or whatever it is is NOT legal!!
The easiest way to do it is to calculate what you've paid back on the loan with all of your rollovers, along with allowable interest. For instance, if you originally took out a $300 pdl over the internet and you've actually paid back $900 with all of your rollovers, you have more than paid back this loan. Do not send them another penny, demand your account is marked paid in full and contact your state's AG office if they continue to harass you.

yeah because i borrowed 400 from check city and now its like 1400 i owe

Why are they saying you owe $1400, if you only got $400? That's crazy!!

i know and it was like 1 month and a half ago

You have the right to get that debt validated, and I strongly suggest you do. Send them a written request for it. There is no way that you owe them $1400 for a $400 PDL.

tahnxs.. ive been trying to sign on to my account and my password doesnt work anymore.. i requested a new one and i still havent got it. i tried calling them but they are only open when im at work..i also went ot apply like at 10 places yesterday for a part time job... this thing really has me running around in circles

A second job will be good, but get that debt validated, ok? Why pay the money if you don't owe it--and based on what you're saying, I don't think you do! Good luck and let us know what happens.

yeah thanx for all your help... im gonna go do my taxes right now... hopefully i can gat them off my back for a while with my taxes money...