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Can payday loan companies show up at your house? |
I live in ohio. what's the rule with that? They will not show up at your house and you will not go to jail for bouncing a check. These lenders think they can scare you with into paying it back because you wrote a check, but that is just not true. The law forbids payday loan lenders from initiating or threatening a criminal prosecution against you or from collecting the treble damages that might otherwise be payable pursuant to the Civil Code for a dishonored check. They do reserve the right to collect delinquent loans using all legal remedies available including legal debt collection and civil court action. This is the most legal action they can take against you, it will take them months to take you to civil court, and another month or two to garnish your wages, if ever. Source(s): http://www.consumerbadcreditguide.com/no... yes They won't show up at your house.You will get a certified letter and jail time. Yes. When Guido is asked to collect..Guido collects Yes they can but the general rule is they will send you a certified letter telling you that you are being charged with writing a bad check first. Depending on the amount of the check it can be a felony and result in jail time. |
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