No. If they didn't sign any papers taking out a loan, then they are not liable. If your state allows payday loans, you could be sued civilly. Some states make payday loans illegal. Payday lenders will often harass you and your references or family members hoping that they can scare them into paying. Research the Fair Debt Collection Practices Act (FDCPA). The federal law tells you what collectors can and cannot do. Most likely, the collector has violated this law. A consumer rights attorney might help get them off your family's back. Otherwise, they may have to deal with the phone calls for awhile.
Payday loan lenders can sue you in South Carolina if you do not pay.
No, you cannot go to jail for owing payday loans in Colorado or any other state. However, the lender may pursue collections through legal means. Moving to Texas does not eliminate your debt obligation, but the lender must follow Texas laws regarding debt collection.
payday lenders can charge up to what interest
payday lenders can charge up to what interest
Yes, however, the company is not likely to do so. Payday loans are generally less than $2,000 so most payday lenders will not go to the trouble to sue someone. However, what they may do is sell the bad debt to a collector and that collector may be willing to come after the debtor as collectors are set up for recovery via the legal system.
Yes, they certainly can sue.
http://findapayday.com listing all major payday lenders in The UK.
Any legitimate collection agency has to abide by the FDCPA. They also have to abide by individual State's laws. Payday lenders are often in violation of the law. In many states, payday lending is illegal. You can report them to the FTC and your state financial regulatory agency if they are in violation of collections laws. You may even be able to sue them, but beware, many payday lenders are not even located in the US and may be hard to track down. They obviously do that on purpose.
Cash N Go, Easy Lenders, Payday Lenders, etc... have all been used nationwide. The thing to remember is when searching online or calling about a payday loan ask about percentage rates.
The payday loans are repaid to the lenders on the borrower's next pay day. Individual lenders would have their own different criteria, but the underlying processes are similar.
There are several online highly rated payday lenders. 100dayloans and AmeriAdvance both have great reviews and are highly rated. It would be important to look into payday loan ratings and reviews carefully to protect yourself as a consumer.
Payday Loan Lenders are where you can get money now for a fee. In my opnion they are a rip-off but if you need the money in todays econmy then they are a great place to help you out...with a fee of course.