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The Watercooler
Shady loan company. Help!
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<blockquote data-quote="DammitJanet" data-source="post: 576118" data-attributes="member: 1514"><p>Susie is right but some states can send a sheriff to serve you and my state is one of them though we dont have a debtor's jail. I just have a judgement against me that I am refusing to pay because of the circumstances revolving around the debt. I have filed a complaint that I dont agree with the judgement with the credit bureaus for all the good that does. </p><p></p><p>I do have a feeling that if you fell victim to one of the loan scams on TV then they are associated with Indian Tribes and they can charge any amount of interest and federal usury charges dont apply to them. That is a technicality that most people dont understand until you are in way over your head. Or its a title loan and that works the same way. However, those loans tend to have write offs because its hard for them to chase you down. Another one of the popular loans people get caught up in is payday loans. Those are awful. One interesting thing to know is if you do write one of those checks, they are not considered a bad check, its considered a loan. Interesting. Just a tidbit of information.</p></blockquote><p></p>
[QUOTE="DammitJanet, post: 576118, member: 1514"] Susie is right but some states can send a sheriff to serve you and my state is one of them though we dont have a debtor's jail. I just have a judgement against me that I am refusing to pay because of the circumstances revolving around the debt. I have filed a complaint that I dont agree with the judgement with the credit bureaus for all the good that does. I do have a feeling that if you fell victim to one of the loan scams on TV then they are associated with Indian Tribes and they can charge any amount of interest and federal usury charges dont apply to them. That is a technicality that most people dont understand until you are in way over your head. Or its a title loan and that works the same way. However, those loans tend to have write offs because its hard for them to chase you down. Another one of the popular loans people get caught up in is payday loans. Those are awful. One interesting thing to know is if you do write one of those checks, they are not considered a bad check, its considered a loan. Interesting. Just a tidbit of information. [/QUOTE]
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Shady loan company. Help!
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