No you cannot be arrested; but some financial institutions will not place stop payments on payday loan items. Some banks do not place stop payments because the financial institution would be interfering with a legal contract that you signed that allows the pay day loan company to debit your account.
It Depends: Yes - If you gave the check to someone to who you owned some money and need to pay that person for the service he provided you. Since a stop payment results in no-payment the person who got the check can get you arrested No - If the check was lost or stolen. You can always issue a stop payment to ensure that even if the check is misused by anyone to whom you did not intend to give it, the bank won't pay the check.
No, but it will more than likely raise the the amount you have to payback due to penalties and late fees. It will also put a bad mark on your credit score. My concern would be greater though as most Payday loan places hold a personal check as collateral which they cash if you default on your loan. If there is not enough money to cover that check, then the check will bounce. And bouncing a check or writing a "hot check" is a crime in Texas if the person reports it as such.
Payday loan companies cannot issue a bad check to any county in Texas. The District Attorney's office considers them to be a line of credit. The collection agency will try to scare you into believing that! Payday loan companies cannot issue a bad check to any county in Texas. The District Attorney's office considers them to be a line of credit. The collection agency will try to scare you into believing that!
Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.
Answer 1No but they'll turn it over to collection and sock you with a HUGH collection fee. And of course you'll never be able to use their services (or any other payday loan places for that matter. They all keep in touch with each other for that very reason) again. Answer 2In Texas, if one stops payment of a check to anyone, the person to who the check was presented can go to the localDistrict Attorney's office, file a criminal complaint, and after an investigation, the DA can file criminal charges against the person who presented and stopped the check. Such charges usually don't involve an arrest, UNLESS the actor fails to properly respond to a Summons which will be issued. I'm not positive, but I think the Texas statute and charge is something about theft of services by conversion.Anyway, stopping a check to anyone can result in a lot trouble, unless you can legally justify it. j3h.
can you prosecute a hot check on payday loan
It Depends: Yes - If you gave the check to someone to who you owned some money and need to pay that person for the service he provided you. Since a stop payment results in no-payment the person who got the check can get you arrested No - If the check was lost or stolen. You can always issue a stop payment to ensure that even if the check is misused by anyone to whom you did not intend to give it, the bank won't pay the check.
no payday loans are illegal in arizona
No, but it will more than likely raise the the amount you have to payback due to penalties and late fees. It will also put a bad mark on your credit score. My concern would be greater though as most Payday loan places hold a personal check as collateral which they cash if you default on your loan. If there is not enough money to cover that check, then the check will bounce. And bouncing a check or writing a "hot check" is a crime in Texas if the person reports it as such.
probably!
Payday loan companies cannot issue a bad check to any county in Texas. The District Attorney's office considers them to be a line of credit. The collection agency will try to scare you into believing that! Payday loan companies cannot issue a bad check to any county in Texas. The District Attorney's office considers them to be a line of credit. The collection agency will try to scare you into believing that!
Yes, it is a part of a background check. Employers look at the credit record as well as the criminal issues.
no a stop payment cannot be prosecuted criminally... it would be a civil matter
Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.
yes
Answer 1No but they'll turn it over to collection and sock you with a HUGH collection fee. And of course you'll never be able to use their services (or any other payday loan places for that matter. They all keep in touch with each other for that very reason) again. Answer 2In Texas, if one stops payment of a check to anyone, the person to who the check was presented can go to the localDistrict Attorney's office, file a criminal complaint, and after an investigation, the DA can file criminal charges against the person who presented and stopped the check. Such charges usually don't involve an arrest, UNLESS the actor fails to properly respond to a Summons which will be issued. I'm not positive, but I think the Texas statute and charge is something about theft of services by conversion.Anyway, stopping a check to anyone can result in a lot trouble, unless you can legally justify it. j3h.
In the state of Texas can a employer hold a salary manager check under an investigation.