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Payday loan company telling you that they are going to process your default as a bad check can they?
Wiki User
∙ 13y ago
If you went to a store front location and physically wrote a check, agreeing that they would cash it in the future, then you could be charged for a bad check. Normally, you will have some time to pay it before it goes to the courts. If you took out an internet payday loan, then you did not write a check. Internet payday loans cannot claim to press charges for bad checks, it's not the same. At worst, they may be able to sue you for defaulting on the loan. Payday lenders will tell some whopping lies to scare you into paying them. Often, what they tell you is illegal. Research the Fair Debt Collection Practices Act (FDCPA) for what collectors can and cannot do by law.
Wiki User
∙ 13y ago
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What happens if you default on a payday loan in Georgia?
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.
Can a payday loan company put a block on your drivers license?
No, payday lenders are not the motor vehicle department, nor are they law enforcement. If they're telling you they can do this, they're breaking the law. Research the Fair Debt Collection Practices Act (FDCPA). You can find it online. It will tell you what collectors can and cannot do. At most, they could sue you civilly for default, that's it.
Can a pay day company file a civil suit against you if you are in default?
Yes, they can. You owe them and they will get it somehow. The payday loan companies are owned by banks.
Can a payday loan company file charges for check fraud from a payday loan in 2005 in North Carolina and what are the statutes of limitations on this?
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
If you default on a payday loan in Texas can they garnish your wages?
Yes.
What company offers the lowest fees for an instant payday loan?
These days there are numerous companies that offer the instant payday loan. It can be difficult for consumers to choose the best company. The company that currently seems to make the process smoothest and at the lowest price is Ameri Advance.
Can an illegal payday loan company garnish wages?
What do you mean "illegal"? If you signed a promissory note, and did not fulfill your end of the bargain, that individual or company can sue you. If you do not show up to defend yourself, they will get a default judgment and can garnish your wages.
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.
What happens if you default on a online payday loan and change your account number?
Its all based on how much information you gave the online payday loan company. There collections department will start contacting any referrals you listed and probably look into garnishing your wages. You will need to look into your contract to see exactly what they can do. Visit www.getecash.com to learn more about payday loans.
Can you get two separate payday loans on same payday?
No. You usually have to wait about 30 days before you can get another loan. Most lenders will know that you already have a loan out there somewhere. Besides, I believe it is against the law to lie to a payday loan company in telling them that you haven't applied for a loan in the past thirty days. They usually ask you when you apply.
What are the interest rates on most payday advances?
Interest rates on payday advances can add up to between 300% and 3,000%. Payday advance loans can be dangerous because they have a 10-20% default rate on average.
