If you have a payday loan, stop the madness and do not pay it! They cannot arrest you until they serve you for a bad check! In my case they did not. Probably because I had paid them 300% interest already! Call your state attorney general's office and let them know you are being taken advantage of. Many states have already gotten rid of them, NC is one.
You have probably already paid that loan with 300% interest and cannot afford to pay them off without borrowing the same money again. Tell them they are loan sharking. Close your bank account. Start a new one, learn from your mistakes, tell them to do what they want!
If they sue you for a bad check, it will be cheaper than getting they blood sucked out of you every payday. What you do is save a few bucks each payday, when you get a letter for the check, fees and court cost 2 or 3 months latter, you will be back on track and the amount will be less than 2 weeks interest from payday loans. I know because I been there! I would rather have my lights turned off for a week than get a payday loan again.
You got in it, you got to do whatever it takes to get out.
Yes it is possible to attain a payday loan from another payday lender if you already have a cash advance payday loan. Since the loan is for a temporary period, it is not an issue if you have another loan. Also, there are no credit checks and so the process of attaining such kind of a loan is easy and hassle-free
No. If your state allows payday loans, then a payday lender could sue you civilly for default, just like any other loan. Many states have made payday lending illegal. You would have to research your state by checking with the financial regulatory agency. Payday lenders will often make threats of arrest, etc. That is illegal to do in all 50 states, in violation of Federal law. It is a common tactic to scare you into paying.
Depending on your state's laws, there may be specific guidelines regarding the use of a payday loan.
No.
Payday loans are considered illegal in the state of Georgia. However, if you default on a payday loan, the company can sue you in court. The judge will decide how a judgment will be carried out if the loan was given in Georgia illegally.
Yes it is possible to attain a payday loan from another payday lender if you already have a cash advance payday loan. Since the loan is for a temporary period, it is not an issue if you have another loan. Also, there are no credit checks and so the process of attaining such kind of a loan is easy and hassle-free
No. If your state allows payday loans, then a payday lender could sue you civilly for default, just like any other loan. Many states have made payday lending illegal. You would have to research your state by checking with the financial regulatory agency. Payday lenders will often make threats of arrest, etc. That is illegal to do in all 50 states, in violation of Federal law. It is a common tactic to scare you into paying.
Any lender has the right to sue regardless of the reason if you choose not to pay them back. Leaving a state where you took a payday loan is not a reason for a payday lender to sue you - not paying them back is.
Depending on your state's laws, there may be specific guidelines regarding the use of a payday loan.
Payday loans vary from state to state. There are a number of sites that offer independent information about the pros and cons of payday loan providers and the guidelines required for each state.
Yes, American Payday Loan does seem to be a scam. The Washington State Department of Financial Institutions (DFI) says that it is a scam and also operates under the names:Advance AmericaCash Advance Payday LoanPriority Loan ServicingCash Priority Loan ServicingPriority PaydayloanPriority Payday Loan Servicing, LLC
No.
At a particular time only one payday loan can be availed. You can apply for another one only when you replay the existing loan in full with charges.
Payday loans are considered illegal in the state of Georgia. However, if you default on a payday loan, the company can sue you in court. The judge will decide how a judgment will be carried out if the loan was given in Georgia illegally.
You need to check your state laws. Some states have made payday lending illegal. At most, if your state allows payday loans, then you could be sued civilly for default. They cannot arrest you or make threats of such. Your state attorney generals office or financial regulator could help you find out the legality in your state. Be wary of payday loan consolidations. They can be shady. Check them out first with the BBB and see what they say about them. Often, payday lenders will still try to collect from you even if you do get consolidation help.
For most places, the minimum age to apply for a payday loan is 18, however state or federal laws where you live may impact the minimum wage so check with a local payday loan supplier
A fast payday loan can be found online. Websites like Check N Go, Cash Net USA, and Advance America offer this service. Be sure to check state laws when asking for a payday loan.