A payday collector called my boss today and stated that I defaulted on $300 and if I didn't want to go to jail. I needed to pay $2300 today itself. Is this reasonable to pay such an amoumt when the default amount is just $300. Also, they called my employer that they were going to sue them as well. Can they do so when mu boss has nothing to do with my loan?

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The Fair Debt Collection Practices Act (FDCPA) is meant for third party debt collectors. If the debt collector that contacted your employer was not the actual creditor and a third party collector, then it appears to be the violation of the fdcpa. Consult a consumer attorney in your area. If you can prove it a violation of the law, you may be entitled to recover up to $1,000 in statutory damages, plus attorney fees and costs incurred.

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