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03:22 PM
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How to beat paying a payday loan legally.
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[quote:Anonymous Coward 21989454:MV8xODg2ODMwXzM0ODc2NzY4XzhCRkRBQkZF] [quote:Burt Gummer:MV8xODg2ODMwXzM0ODc2MTkzXzlGM0ExMjBC] [quote:Anonymous Coward 21989454:MV8xODg2ODMwXzM0ODc2MTU3XzM0RTI5OTFF] [quote:Burt Gummer:MV8xODg2ODMwXzM0ODc2MDc0XzlFMUZDMDEx] [quote:Anonymous Coward 21989454:MV8xODg2ODMwXzM0ODc1OTY2Xzc0NkUwNDFE] GLP is a right-wing owned, operated, and heavily visited site. I was a payday loan company store manager for 2 years, I hated it but the pay was nice. One thing I can tel you is pretty much all bottom-feeding, low-life payday loan company owners are... Republican, right-wingers. Which means I am guessing you will not get a lot of love from ripping off payday loan stores on this site. [/quote] That's because REPUBLICANS OWN BUSINESSES....Democrats, Liberals, and Socialists all are on the government dole and payroll. Someone posted a BAR JOKE about this exact thing this afternoon. Wish I could find it.....it proves the point clearly. [/quote] [b]Actually they all own businesses, and since the majority of the voting public in the USA identifies as Democrat, I would say your statement is idiotic.. lol[/b] ps. I worked for Q.C. financial, Quik Cash, and they do anything they can to keep their customers coming back. Even by exploiting gray areas of the law. And when I refused to do so they threatened to fire me, even though I had the best collection numbers that store had ever seen. They are dirty rotten liar out for nothing but their customers money. [/quote] Since that entire highlighted sentence is a pile of steaming manure....I would say you are the idiot here. :rolleyes: [/quote] Learn how to Google. "As of 2010, Gallup polling found that 31% of Americans identified as Democrats (tying a 22-year low), 29% as Republicans, and 38% as independents.[3] By 2011 Gallup found that Americans identifying as independents had risen to 40 percent. Gallup's historical data show that the proportion of independents in 2011 was the largest in 60 years. This increase came at the expense of Republican identification, which dropped to 27%, while Democratic identification held steady from 2011. " http://en.wikipedia.org/wiki/Political_party_strength_in_U.S._states [/quote]
Original Message
Check your local laws. But this is how it works in Texas and South Carolina.
I got a payday loan to help pay for medication for my son. I kept paying the maintenance fee weekly until I could pay it. When I moved back to Texas I pulled my money out if the checking account. I kept the account open so I could eventually pay off the loan.
Late fees kept piling up but since I had no overdraft protection they couldn't charge it. I was talking to a buddy who had the same issue and as it turns out, a payday loan is not considered a hot check. The law treats this differently than credit cards. It is simply a loan that is defaulted on.
As long as the account tied to your payday loan remains open, even if you have no balance, they cannot claim fraud since you didn't close the account on the loan.
In other words, they can literally not recover the money.
When they threatened to put it on my credit report I told them I would tell everyone I know who has payday loans with them how to get out of paying it. That was a year ago and it's still not on my credit reports.
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