Pay Day Loan Question?

I have a friend that got herself into trouble with payday loans. She took out more than she can pay back. They are now saying that she will go to jail for check fraud. Is this true? I have never had a payday loan before. I dont currently have a job, so I have no clue how they work. She will be able to catch them up in the next month or so, but they are telling her that is too late. She is freaking out. She has 3 kids, so I am just wondering, if this is true. I thought you would go to court, be court ordered to pay it off is so many days and then if you dont, then you go to jail, but like I said, I have never got one or been in trouble with them before. So please give me any info that you have on the matter. Thanks

Pay Day Loan Question?

Most likely the PayDay Loan company is just trying to scare her because they are afraid your friend will default on her loans! Those companies make millions of dollars charging outrageous fees on small loans and by allowing people to take on more debt than their salaries can support.

Your friend should contact your state attorney general's office (top public lawyer) and report the threats. They will be able to crack down on the company! Also your friend should consider going to a community legal service for advice to see what her rights are here.

Pay Day Loan Question?

No she wont go to jail. They are trying to scare her so she will get another loan to cover that one. That is how they catch you.

Pay Day Loan Question?

Most attorneys will give you a free consultation. That's what she needs. Pay Day loans are legal crooks. Read about them here

http://www.1-800badcredit.com/payday-loa...

Pay Day Loan Question?

well chances are she wont go to jail. Theyre just trying to scare her. They would have to take her to court and get a judgement and unless it is a large amount they would be hard pressed to get her arrested. She should however pay them as soon as possible. tell her to try to talk to them and let them know exactly what she can pay and when. they will probably mess up her credit but that can be fixed when she pays them off. tell her to make sure she pays them and there are better ways on borrowing than using those places.

Pay Day Loan Question?

What I'm guessing here is that she wrote checks that ended up bouncing. Yup, that could end up with her in jail - though the company probably would rather have it all paid off.

Basically, you should not use these services - ever - for any reason - ever.

They are legal loan sharks and all around bad news. To keep people in line they use the legal system instead of broken bones, but either way - it hurts.

Pay Day Loan Question?

No she wont go to jail. Payday loan bad idea (interests) she need another loan for paid this. I found interesting information about your answer %26amp; options here. http://all-debt-consolidation-loan.blogs...

or a partime job here: http://all-student-loan-consolidation.bl...

Pay Day Loan Question?

I am a payday lender.

There is nothing wrong with payday loans and legitimate operators. It is the unscrupulous operators that give this, and any industry, a bad name.

You cannot go to jail for bad debts. That is why there are such things as bankruptcy laws. Please note, I am from Australia.

Regarding bounced cheques, that is a different story if you knowingly obtained a benefit from writing bad cheques. However, I cannot see anyone going to jail for such an offence if it is the first time.

Anyway, it is not in the lender's interest to bankrupt someone or try and get them put in jail. All they want is payment. A good option would be to negotiate a payment agreement or better terms and then stick to it. Contact is very important. Do not avoid them.

Pay Day Loan Question?

Nah, dont worry about jail time. But dont mess with these companies. Just be vigilant on your repayments. Always borrow only what you can pay.

http://www.paydayloansurvey.com/

What's a good source for a personal loan for people with bad credit?

Need to consolidate some personal loans to create a better monthly cash flow. Trying to avoid payday loans as they will only make the situation worse. Any suggestions greatly appreciated.

What's a good source for a personal loan for people with bad credit?

If you have the option, look for a co-signer. That way you won't get hosed on the interest. You might have better luck trying to save money on your phone, cable, or electric bill and then putting some of that saved money into paying off the loans early. Also look for a better insurance rate - I changed companies about 2 years ago and saved about $300 a year and got better coverage.

What's a good source for a personal loan for people with bad credit?

Go to the bank.. They will give lots of chice choose the better one according to your income

What's a good source for a personal loan for people with bad credit?

Have you tried Prosper? I just got a $3000 loan deposited into my account yesterday; I only signed up last week and my credit isn't so hot. You can request up to $25,000. Go take a look at the website below and see if it will work for you. LOTS of people use it for debt consolidation.

What's a good source for a personal loan for people with bad credit?

There are plenty of places that offer quick loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.

http://www.axalda.info/bad-credit-loans....

What's a good source for a personal loan for people with bad credit?

Check this sites:

http://www.badcreditresources.com

http://www.newhorizon.org

What's a good source for a personal loan for people with bad credit?

Need to consolidate some personal loans to create a better monthly cash flow. Trying to avoid payday loans as they will only make the situation worse. Any suggestions greatly appreciated.

What's a good source for a personal loan for people with bad credit?

If you have the option, look for a co-signer. That way you won't get hosed on the interest. You might have better luck trying to save money on your phone, cable, or electric bill and then putting some of that saved money into paying off the loans early. Also look for a better insurance rate - I changed companies about 2 years ago and saved about $300 a year and got better coverage.

What's a good source for a personal loan for people with bad credit?

Go to the bank.. They will give lots of chice choose the better one according to your income

What's a good source for a personal loan for people with bad credit?

Have you tried Prosper? I just got a $3000 loan deposited into my account yesterday; I only signed up last week and my credit isn't so hot. You can request up to $25,000. Go take a look at the website below and see if it will work for you. LOTS of people use it for debt consolidation.

What's a good source for a personal loan for people with bad credit?

There are plenty of places that offer quick loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.

http://www.axalda.info/bad-credit-loans....

What's a good source for a personal loan for people with bad credit?

Check this sites:

http://www.badcreditresources.com

http://www.newhorizon.org

Online payday loans, how to repay them?

I took out two loans online two years ago. I never repaid them and that bank account is closed. I can't remember the name of the companies either. That's bad I know

Anyway they are not on my credit report, but I want to repay them. What are some ways of finding these companies? Or should i wait from them to find me?

Online payday loans, how to repay them?

If you're in a negative database for a payday loan it's in Teletrack. You can contact them and they will inform you, if anyone has reported a charge off. You can call them at 877.309.5226.

http://www.teletrack.com/company/contact...

Just be careful. I know you want to do the right thing, but some of these payday lenders can be pretty unscrupulous. Once they think that they can get money out of you, they may want a lot more than you owed at the time of default.

Before you pay them, get it in writing that if you pay X that the account is settled and they will remove the charge-off from Teletrack's database.

Online payday loans, how to repay them?

Several states have deemed these loans uncollectibel by the entity givein the loans. Check your state statutes concerning payday loans.

Online payday loans, how to repay them?

People-to-People Lending. It's an old idea that's new again

.

People who need money request it, and other people bid for the privilege of lending it to them. Prosper makes sure everything is safe, fair and easy.

Until now, financial institutions have controlled who is able to obtain credit and the rates people pay, over time, this one-sided control has bred inefficiencies and excessive margins 閳?leading to higher rates for borrowers, and restricting people who have money to lend from entering and generating income from this vital and lucrative market.

Prosper gives people the opportunity to take back the marketplace for consumer credit, Prosper aims to make consumer lending more financially and socially rewarding for everyone by letting the borrowers set the maximum rate they are willing to pay a lender, which prevents the loan from being funded at a rate higher than the borrower wants to pay.

http://www.prosper.com/join/GlobalFundin...

Online payday loans, how to repay them?

If they are not on your credit report don't worry about it. Did you know the rates pay day loan stores charge? They are extortionist rates. Here is an information site about that:

http://www.1-800badcredit.com/payday-loa...

Is there anyone that would give me a loan?

I need a loan fast (not a payday loan) and I've had really bad luck with trying to get any loan or credit card. I'm a single mom and I've never really been able to get any credit, so whenever I've tried to get loans they say I don't have enough credit, and to add to it, the little bit that I did have, is now bad.

I guess I'm looking for possibly a private lender or some sort of all purpose loan to pay off debt, to get a home, to get a car, and just help me financially.

If there is any program that you know of that doesn't have some fee to sign up for some website, isn't for a payday, or refinance loan, please be the answer to my question.

I tried prosper.com too and it sounded great until they denied me to even sign up because of my credit score.

I am open to any ideas.

If you're a legitimate lender or even some guy off the street that wants to help any help would be wonderful. Thank you.

Is there anyone that would give me a loan?

I think you need to stop looking for loans and start examining how to improve your overall financial health and stabilize yourself financially, whether that means going back to school to increase your job skills or getting a second job or moving into a cheaper living situation, whatever. You can't borrow your way out of debt. At some point you will have to pay the piper.

Is there anyone that would give me a loan?

no!

Is there anyone that would give me a loan?

I am some guy just off the street, can you tell me why you have bad credit.

Is there anyone that would give me a loan?

Your best bet, and probably only bet, is a family member. Look at creditboards.com and work on repairing your credit. It will take a long time, but you can do it! Get a secured card (orchard bank) to build some positive credit.

Good luck!

Is there anyone that would give me a loan?

i am not a lender but i have a piece of advice that could be of help for you.

A loan now is only a temporary fix to a long term problem. You don't need a financial education and better management of your personal finances. Without fixing this, if you get more loan now, you are only going deeper into debt.

Cut your un-necessary spending. Don't buy things on credit.

Is there anyone that would give me a loan?

Whatever you decide to do. it's very hard to justify if a loan lender is genuine or not.

I hv been a scam victim before so the only advice I can give is based on my experience.

1.Always ask for their Company's profile and registration or license and check them out via the authorities that their business is based.

2,Alternatively, check them out from the Embassy or High Commission office in your country for their credibility.

3.After which, before making any transfers at all to them, make sure you are aware of the IMF rulings and the bank charges imposed by the bank where the transfer will be initiated from.

4.Make sure you have all these details before you commit anything to them. Especially transfering funds to them.

5.They will claim to be God fearing individual and the likes to gain your confidence but at the end of the day that is how they earn their living. Don't fall for their words as a sign of sincerity unless their claims match that of what you obtain frm the authority.

Always ask for a detailed documentation of all processes and never just take their word for it.

I don't want others to be scammed like me because I know how much my family and myself have suffered in their hands.

The best is to approach a bank or a registered financial instituition in your area for advice.

How to beat payday lenders?

I have too many payday loans; my outgo is exceeding my income. I plan to close the checking account used to secure the loans, then send certified letters with payment proposals. No checks were written; these were internet transactions. Is this a good plan?

How to beat payday lenders?

My mom got one of those on the internet before and they kept withdrawing money from her account way beyond the amount she borrowed. Some of these are major scammers. She closed the checking account when we moved to Nashville but they caught up to her and sent her collection notices and she finally started paying off the amount they claimed she owes and finally she paid it in full but the interest was so high! That's why she owed so much I guess. It's not really a good idea to get involved with these things because they're really not doing you a favor. They aren't in business for you. They'll make a huge profit off of you.

As for fixing the situation you're already in, you should contact each one and make payment arrangemetns. If they won't work with you then you should probably close the account and start sending them payments to get them paid off.

How to beat payday lenders?

The best way to beat them is to not use them.....

How to beat payday lenders?

i had that problem. i just pretty much called and worked a payment plan out. they are usually good with that most of the time. it just depends on the day i guess. but yeah just call and work out a payment plan with them.

What are some ways to get financial help besides payday loans?

Try your bank with a co-signer. It's the best way to get money with an affordable interest rate.

What are some ways to get financial help besides payday loans?

There is different ways to get finacial help. Anywhere from personal loans at a bank, to a loan on prosper.com.

What are some ways to get financial help besides payday loans?

There are some things you could try before getting into debt further by taking out a loan...

1) unless you desparatly behind on your house and/or car I would recomend calling and asking if you can defer a payment. Many will do this for a small fee (because they wind up making more on you in terms of interest)

2) many employers will offer employees an interest free pay check advance to assist employees who are in financial distress. These things are not made widely known so employees will not abuse these types of programs. My husband and I found out because our roof was leaking we were lamenting to coworkers and BOTH of our employers offered assistance!

3) Ask your church or a church in the near vacinity...they are usually very generous and if they cannot help, they usually follow through and find someone who can help.

4) only use a payday loan as a last resort...does your bank offer overdraft protecion (or bounce protection) usually you have 30 days to pay these kinds of loans back, they allow you to overdraw your account up to a certain amount and pay it back at will within a set amount of time.

What are some ways to get financial help besides payday loans?

turn the TV , Cable , Radio Ipod off. get 2 more jobs p/t . save ur money Payday'loans' are legal LoanSharking.

increase ur income more work or work smarter.visit daveramsey.com to hear from people who got out of places u are going.

What are some ways to get financial help besides payday loans?

Work!!!!!!!

http://www.whomakesmoney.com

What are some ways to get financial help besides payday loans?

One of the fastest ways to get cash with bad credit, and little hassle, would be with a payday loan. Yes they have terrible interest rates but they are taking a risk. This site offers more details about the payday loans as well as various sites offering the loans, many without even a credit check. Do your homework. Best starting point is here:

http://loan.deal4-you.com

Good luck.