Can I Be Arrested for Defaulting on my Payday Loan?

The short answer to this question is No! This question usually comes to me or my colleagues from a frightened victim of this “payday loan scam” after they have been contacted by a self labeled “collector” plying intimidating scare tactics to collect on a debt. Many times the victim does not even owe these so called “collectors” and it is just a scammer that has obtained the victim’s information via public records. These scammers then try to intimidate the victim into paying some money on the spot. The first and foremost best advice that I can give a potential victim … Continue reading Can I Be Arrested for Defaulting on my Payday Loan?