|Posted on December 19, 2014 at 2:25 AM||comments (3)|
Payday loan companies are notorious for not following the proper collection procedures. Instead they rely upon threats of arbitration, predatory lending practices, high interest rates, and harassing collection tactics. For example, they often threaten criminal action contrary to state and Federal collection practice laws. Note, there are no debtor prisons in the United States; you cannot be imprisoned for not paying a debt.
If you are being harassed by a payday loan debt co...Read Full Post »