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Had Some Financial Trouble and Payday Loans. – Brittany

Had some financial trouble and had a couple payday loans.

The payday loans that I had are now unpaid due to a huge unexpected bill. Not long after that I began getting calls from people with heavy indian accents saying that I will be arrested if I don’t pay them money. (one even said I would spend Christmas behind bars). One the men I spoke with told me the company that filed the charge and the company sounded familiar so I started paying it. Is this legit? Can they send me to jail?

Thank you for your help,

Brittany




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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

7 Comments

  • Fortunately for you, they cannot send you to jail and those threats they are making against you are illegal. Most that could be done would be court action to recover their funds but unless it was an abnormal amount most of these companies will never pursue that option.

    What they can do is put you into their network system as someone who skipped out on their loan (i know you have a struggle, but that’s how they’ll put it) and their partners won’t loan to you anymore. I just recommend either taking care of it or working out an arrangement with them to get it done. If they keep threatening you tell them you recorded the call and will send it to the authorities.

    Hope that helps, good luck 🙂

    Jay Nathan
    http://www.ibarifinancialgroup.com

  • Fortunately for you, they cannot send you to jail and those threats they are making against you are illegal. Most that could be done would be court action to recover their funds but unless it was an abnormal amount most of these companies will never pursue that option.

    What they can do is put you into their network system as someone who skipped out on their loan (i know you have a struggle, but that’s how they’ll put it) and their partners won’t loan to you anymore. I just recommend either taking care of it or working out an arrangement with them to get it done. If they keep threatening you tell them you recorded the call and will send it to the authorities.

    Hope that helps, good luck 🙂

    Jay Nathan
    http://www.ibarifinancialgroup

  • Brittany, those people are collectors for payday loans that were made from outside this country. In middle eastern countries, they still have debtors prison and will take people to jail who don’t pay their debts. They are trying to bully you into paying and they may indeed be working for the payday loan company, but in this country it is a civil matter. They would have to sue you, then collect that way if you don’t pay. I’ve been where you are (lesson learned) and just ignored their threats. Actually, I tried to get answers from them about who they are and where they are located and they would never answer me, they just kept making threats if I didn’t pay right then on the phone. One of them wouldn’t even give me the name of the company they were collecting for. Those kinds of collections practices are illegal in this country. Even if you owe money, you still have consumer protection rights. Take care and I hope you find a solution. For me, it was just take one debt at a time and pay what I could til it was paid, then go on to the next one. ~ K

  • Brittany, those people are collectors for payday loans that were made from outside this country. In middle eastern countries, they still have debtors prison and will take people to jail who don’t pay their debts. They are trying to bully you into paying and they may indeed be working for the payday loan company, but in this country it is a civil matter. They would have to sue you, then collect that way if you don’t pay. I’ve been where you are (lesson learned) and just ignored their threats. Actually, I tried to get answers from them about who they are and where they are located and they would never answer me, they just kept making threats if I didn’t pay right then on the phone. One of them wouldn’t even give me the name of the company they were collecting for. Those kinds of collections practices are illegal in this country. Even if you owe money, you still have consumer protection rights. Take care and I hope you find a solution. For me, it was just take one debt at a time and pay what I could til it was paid, then go on to the next one. ~ K

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