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Payday lenders are notorious for unfair and illegal collection tactics. Many will tell you that they can have you arrested, etc. They cannot have your license suspended. At most, if enforceable in your state, they could sue you for nonpayment. That's it. Some states have made payday loans illegal because they have excessively high interest rates. Sounds like your lender has violated the Fair Debt Collection Practices Act (FDCPA) which is a federal law mandated by the Fair Trade Commission. Contact a consumer rights attorney in your state. You may be entitled to sue the lender for violating the act.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoNo. The Highway Department can suspend your license for failure to maintain insurance, too many tickets, driving off without paying for gasoline, driving under the influence, etc... A pay day loan company has no authority to have your license suspended, although they can give you a negative credit report and file for a judgment against you. Considering the usurious interest rates they charge, beg or borrow money from family on a solid promissory note with regular payments and reasonable rate of interest and get yourself out of the payday loan trap.
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What happens if you cant pay your online payday loans if you live in Maryland?
In Maryland, legally you have nothing to be concerned about. Payday lending is illegal in Maryland. No payday lender could successfully take any legal action against you. They will still harass you and attempt to scare you into paying them. They will threaten to sue, arrest, garnish, suspend your license, etc. They can do none of these things. You need to report any payday collectors to the Maryland Commissioner of Financial Regulation. They will advise you of the laws, and initiate an investigation into the payday lender/collector.
Can a payday loan company take to court for nonpayment in Maryland?
No. Payday lending is illegal in the State of Maryland. You should contact the Maryland Commissioner of Financial Regulation to file a complaint. Payday lenders will notoriously threaten to sue, arrest, garnish, suspend your drivers license, etc. They can do none of those things in Maryland. The idea behind payday loan collections is to scare and intimidate you into paying, since there is no other alternative available to them. I recommend ignoring threatening calls, as most often they are illegal scams. Should you wish to answer, feel free to let them know you will see them in court. They know it won't happen, so it really irritates them when you call their bluff!
Who is Payday Loans?
payday loan yes was a payday loan company that was bought out by Spotya there now at http://www.Spotya.com
Is payday express a reliable company to loan from?
I have no experience in borrowing from payday express, but based on customer testimonials found online, Yes, payday express is a reliable company to loan from.
Are online payday loans legitimate?
The answer to this question depends on which online payday loan company you are talking about. The Lending Tree is a good example of a legitimate payday loan company, but I would steer clear of online payday loans all together.
What exactly is payday advance?
Payday advaced is a small loan company that will loan you money until your payday. Usually they set it up to where the money they loan you comes out of your payday check.
Where and how do you apply for payday loans?
Payday loans can be found at retail stores that specialize in payday loans in most cities. For example, AMSCOT is a financial service company that does payday advances.
Is Pounds Till Payday a payday loan company?
this is actually a site that refers you to a payday loan company. They take the application and then give it to several companies. They only give you information for the ones that they can guarantee an approval with.
What to bring when you are applying for a payday loan?
Every payday lender differs but plan on bring at a minimum these three items: 1. Personal Identification (i.e. Driver's License) 2. Pay Stub 3. Check blank (or bank routing number and account number) Online payday lenders require similar information; however, you typically don't need to fax the paper work in.
What payday loan company accept rush card prepaid cards?
can u get a payday loan with rushcard
What can one win on the Sonic Payday website?
The Sonic Payday website is a Payday loan company. There is nothing to win on this website, but one can get quick approval for a payday loan by simply filling out form.
Where can someone find information regarding payday loans in the UK online?
One can find information regarding payday loans in the UK online from the company called PayDay Now. This company is easy to contact and has a lot of information.
