Payday Loan Fairy

I took out a payday loan and I do need to repay it. However, I don't think this company is using legal debt collection practices. I have asked them for the documents regarding the loan, license number, company name, physical address, etc....I get nothing in response but rude and snotty emails. I have now asked them to stop emailing me at work. What should I do next? I am not arguing paying the loan, but I want to see the documents so I know what the fees were.

They should have sent you documents to sign electronically. Those documents should state the cost and the fees. Just pay it and be done with them. Never, ever use them again.

2007-03-15 09:40:31 by casearas

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Does anyone know if a payday loan company can sue your employer under section 18 USC

THEIR IS NO WAY THEY CAN SUE YOUR COMPANY. DID THE COMPANY VOUCH OR SIGN ANYTHING FOR YOU? IF NOT THEY CANNOT SUE THE COMPANY MERELY BECAUSE YOU USED THE COMPUTER. THEY MUST GO AFTER YOU. AND THEY WILL GO AFTER YOU. MOST OF THEIR CORRESPONDENCE WILL BE THREATENING IN NATURE BUT THEY CANNOT GO AFTER THE COMPANY.

A site I've used...

http://loan.surveyland.org/

Hope that helps.

2009-01-22 22:36:09 by Cody C

Are payday loan companies you find online reputable? If you have used one, had a good or bad experience, please let me know?

How much money do you need?

I used QuickPayDay.com several times in the past and it helped me out when I was in a bind.

BUT it was never for more than $500 and I made sure to pay them back with my next paycheck so I never got into debt or in any kind of trouble.

These kinds of payday loans are really only good for smaller amounts of money, when you are in a bind, need a little cash quickly, and if you pay it back as fast as possible.

You don't want to get yourself into a lot of trouble by taking too much of a loan and not be able to pay it back.

My experience was fine.

2007-10-16 12:16:13 by deptofstate

I am trying to find out what is the consequences, if my account was closed of me writing a check to a payday loan company, if it goes to court for civil judgement.

I'm sorry to hear about your problem. We all have financial difficulties at times, but keep your head up!

The consequences may depend on a few different things.

Not every Payday Loan company pursues its bad checks the same way. Some companies will just burn your phone up for a few weeks until they give up on you, while others will pursue legal action against you.

Depending on where the payday loan company is located, they may initiate a lawsuit against you in small claims court, or they might turn your check over to the District Attorney in your county. Some D.A.'s will not accept checks on a closed account from a Payday Loan company, some do.

If the Payday Loan company sues you, and gets a judgment, they can garnish your paycheck if you are employed. If the company has already sued you and obtained a judgment against you, you are pretty much limited as to your options. If you are not employed there is not much the company can do except wait until you get a job and garnish your paycheck.

The best thing to do in your situation is to contact the Payday Loan company and try to work out some type of payment arrangement with them unless there is already a judgment against you. Some states have laws that require the Payday Loan company to give you a payment option to take care of your bad check.

I hope this helps you out.

2008-06-10 16:52:10 by smooth4bob

Has anyone had anything to do with BIG payday loan company? If you did, how did you get to talk to someone about your account? I think they are a bad company. Does anyone else feel like this?

I don't know anything about BIG payday loan company, but in general all payday loan companies are a bad idea. They charge an extremely high interest rate (and get away with it because it's supposed to be for short-term loans). But if you need a loan one month, you're probably not going to be able to make up for it the next. So you're often stuck.

With such a high interest rate, you should pay off your account with them as soon as possible. Even if it means charging more on your credit cards or really sacrificing somewhere else. Get rid of that loan!

2008-10-09 13:15:37 by mks

I received a small loan 18 months ago. The amount was deducted from my account and paid off in a few short weeks. The company is STILL deducting from my account (sometimes 2 and 3 times per month). The amount they have taken is over 4 times the amount of the loan. How do I get this money back?

First, check the fine print on your loan agreement to be sure you understand the terms. Second, talk to the loan company to see what's going on. Ask them to stop the deductions and refund the overpayments. Third, talk to your bank. You should be able to stop the automatic withdrawals if you tell them what's happening. Last, if you're not able to resolve this quickly, talk to your state's Attorney General Office, where they enforce consumer protection laws. If there's something shady going on at the pay day loan company, the AG will be able to help you. Good luck!

2008-03-13 07:19:27 by sorry it happened