no,its fraud by mis -representation
Defaulting on a payday loan does not, in and of itself, constitute check fraud.
The best option of getting online loans is Payday Loans. It's easy. You can use either your mobile phone or the internet to apply for a payday loan. 1 . Online : Fill in the loan form on our website. 2 . SMS : you can also apply payday loans through mobile phone.
i would like to know thw same thing because i have a payday loan and they are callin my job and telling my boss i have had check fraud
An internet payday loan can be found very easily if looking online. There are many companies offering it including paydayloans and wonga. These types of loans tend to have high interest rates.
Online payday loan websites are very popular right now even some of the local payday loan stores in your community may offer online payday loan services. Others to consider are: Checkcity.com and cashnetusa.com. Remember use caution when using personal information over the internet.
Do not really know what the question is but if you would like to get an online payday loan click on the payday loan link and it will provide you with information.
This is a common empty-handed threat made by payday lenders. The cannot have you arrested for a payday loan, or any loan for that matter. A loan default is a civil matter, not a criminal matter. They are violating the law by telling you that you can be arrested. Payday lenders make all kinds of threats in an attempt to scare you into paying them. Scammers have also caught on to this, and they will make the same types of threats, when in fact you may not actually owe anything at all. File a complaint with FTC.gov and your State Financial Regulatory Agency. Borrowing money online and defaulting does not equal wire-fraud, although they love to tell you that it does. Think about it, if you really broke the law and were about to be arrested, would they call and warn you first? Absolutely not.
Can I be charged with bank fraud or any other criminal offense for closing an account on a payday loan?
Not all online payday loan services are fraud you just have to be careful in choosing the company you are planning to make deal with. Have you heard that there are six individual payday cash advance businesses, owned and operated by four different individuals, have been shut down by the FTC. The FTC states these corporations and individuals defrauded consumers seeking payday loans. These businesses supposedly charged consumers monthly fees. These fees were for goods they didn't specifically agree to.
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.
It is probably not a good idea to get a loan from the internet, as you will have to pay back more money then you get. It is a better idea, if you need the money, to get a loan from a bank.
Websites such as CashNetUSA have an online no fax payday loan service. Visit the website, apply for a loan online and the money should be in your checking account the next day.