The best option for you is to turn to your payday loan lender for assistance.

I had taken out two payday loans from the same company. I lost my job thereafter and am struggling with my finances. The post dated check I issued them has bounced due to insufficient balance in my account. Now they are threatening to send the check over to the DA’s office, and have me arrested. Can they do that?

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The best option for you is to turn to your payday loan lender for assistance. I believe that they are highly interested in you repaying the debt, so they are definitely have to find out a few appropriate options for you. Chances re high that a solution they offer may more or less suit both sides. Some other option for you to do is to apply for a low interest rate credit card and repay the loan…and then start paying off the credit card debt. This is how I would do that. As for work…as far as I know they have no right to do that. But check with your state law of course.

 

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Debtors in the US can’t be imprisoned for defaulting on a payday loan. If their collectors are threatening you with prison, that’s in violation of the FDCPA. Record all the details, and contact an attorney to sue them back.


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