Fast Cash: How Taking Out a Payday Loan Could Land You in Jail

Payday loan companies have a new debt-collection tool: Texas courts and prosecutors.
by Published on
Speedy Roo, the mascot of the payday loan lender Speedy Cash, in an Austin advertisement.
Jen Reel
Speedy Roo, the mascot of the payday loan lender Speedy Cash, in an Austin advertisement.

When Roger Tillman lost his job, he knew money would be tight. But he never thought he could end up in jail for being broke.

Tillman’s job as a late-night security guard in Houston had paid $9 an hour, and by picking up extra shifts, Tillman could just afford rent, groceries and other bills. But in 2008, amid the economic collapse, the security company scaled back overtime shifts, straining his finances. Worried that he couldn’t pay his bills, Tillman reluctantly went to The Money Center, a payday loan company with locations in San Antonio and Houston.

He took out a $500 loan. The 64-year-old Houstonian doesn’t recall the exact terms of the loan, but The Money Center’s website currently offers a $500 loan at 650 percent annual interest, or about $150 in fees and interest for a two-week loan. Such terms are common in Texas, where payday and car title lenders are allowed to charge customers unlimited fees.

Like many low-income borrowers, Tillman found he couldn’t fully pay off the loan when it came due. Instead, the lender offered to roll it over for another two weeks and tack on another round of fees. Tillman took on more payday loans to pay off the original loan and soon found himself in deepening debt. And then, in October 2009, he was laid off.

Tillman said he lost his job on a Wednesday and by Friday he was calling The Money Store to ask for an extended payment plan. No one called back. With his bank account empty and hoping to avoid overdraft fees, Tillman halted the automatic withdrawals he had set up for monthly payments on his payday loans. Eventually, he reached a manager at The Money Store.

“His statement was that ‘I hope you don’t get stopped by the police, because I’m filing a theft by check charge against you,’” Tillman said. “I didn’t say anything. I was floored, because I was expecting to work out a payment plan.”

It was no idle threat. In November 2009, The Money Center, which is the operating name for a company called Marpast of Texas, filed a criminal complaint against Tillman with the Bexar County district attorney in San Antonio. Tillman soon received a letter from the DA, demanding that Tillman pay Marpast $1,020 within 10 days or potentially face felony theft charges that carry two to 20 years in jail and fines up to $10,000. In all, the district attorney demanded $1,250, including “district attorney fees” of $140 and merchant fees of $90.

Tillman was shocked and scared. When his daughter graduated from basic training at Lackland Air Force Base in San Antonio, Tillman almost didn’t attend out of fear that there was a warrant for his arrest in San Antonio.

“I’m innocent here,” he said, “other than losing my job and an inability to pay. I tried to get on a payment plan. If my intention was to duck and dodge, why would I even call them?”

In Tillman’s case, however, the debt collectors weren’t exactly lying: He could be arrested for not paying his payday loan debt.

An Observer investigation has found at least 1,700 instances in which payday loan companies in Texas have filed criminal complaints against customers in San Antonio, Houston and Amarillo. In at least a few cases, people have ended up in jail because they owed money to a payday loan company. Even when customers avoided jail, the Observer has found, payday loan companies have used Texas courts and prosecutors as de facto collection agencies.

This is despite state laws that forbid payday loan companies from even threatening to pursue criminal charges against their customers, except in unusual circumstances. The law specifically prohibits theft charges when a post-dated check is involved. (Most payday loans require borrowers to provide a post-dated check or debit authorization to get the money.) The state Office of Consumer Credit Commissioner has advised the payday loan industry that “criminal charges may be pursued only in very limited situations” where it can be proven that a borrower knew a check would bounce.

The Consumer Service Alliance of Texas, a trade association representing 80 percent of Texas’ payday and title loan companies, is even more strict about the practice. “Members will not threaten, or pursue, criminal action against a customer as a result of the customer’s default on a credit service agreement,” according to the group’s website.

“I think the idea of debtors’ prison is offensive to most people and that’s why we have prohibited this in the law,” said Ann Baddour of Texas Appleseed, an Austin-based organization that advocates for the poor. “It’s clearly established in the law that unless there’s criminal intent on the part of the borrower, there’s not an option to pursue criminal charges.”

Still, payday lenders have found courts and prosecutors willing to take cases. The practice threatens to jail people for debt.

 

Until debtors’ prisons were banned 180 years ago, Americans could be jailed for years for owing just a few pennies. The costs of incarceration, though minimized by squalid prison conditions, often grossly exceeded the debts, suggesting that punishment was the overriding motive.

In the first two decades of the 19th century, humanitarians confronted authorities in several states with a litany of abuses, and the public came to see the practice of jailing debtors as repugnant. New York was the first state to abolish incarceration for debt. Other states followed, and Congress passed a federal statute banning the practice in 1833.

The Republic of Texas Constitution, drafted just a few years later, in 1836, establishing Texas as an independent nation, declared, “No person shall be imprisoned for debt in consequence of inability to pay.”

In some respects, Texas law tilts strongly toward debtors’ rights. Texans’ property is largely shielded from seizure by creditors. Wages can’t be garnished for consumer debt.

But it’s nonetheless increasingly common for people to be arrested for unpaid debts, including in Texas. In 2011, The Wall Street Journal reported that more than a third of states allow borrowers who can’t or won’t pay debts to be jailed, even in states that prohibit debtors’ prisons. Debt-collectors and other financial firms, the newspaper reported, are suing borrowers over unpaid credit cards, consumer loans, auto loans and other debts. Many people report never receiving a notice of the lawsuit and end up with an arrest warrant obtained through the courts. However, in Tillman’s case and others in Texas, some payday lenders have found an even more direct way to harness the power of the criminal-justice system.

The Observer has found a justice of the peace in Harris County who has handled almost 300 hot-check cases, a Class C misdemeanor, for Cash Biz, an Ohio-based payday lender with 24 locations in Texas. Though Class C misdemeanors rarely carry jail time, at least a few people have served time in the Harris County jail to work off their debt, at $300 a day.Cash-Biz-payday-loan-shop

Christina McHan failed to repay a $200 loan from Cash Biz near Houston. In November 2012 she was arrested, pleaded guilty, and was assessed $305 in additional fines and court costs. She spent a night in jail to “pay off” the debt.

In Amarillo, the wife of a military veteran with 23 years of service complained to the Office of Consumer Credit Commissioner that the Potter County Attorney was pursuing theft charges against her husband even though the couple was in bankruptcy. “My husband is a good man!” she wrote to the credit commissioner. “He has never done anything wrong, he fought for this country for 23 years … and now the Potty [sic] County Attorney wants to prosecute him for a payday loan.”

In an emailed response to questions from the Observer, Assistant Potter County Attorney T. Eric Dobbs wrote that his office doesn’t receive many cases from payday lenders, but the ones they do get typically involve a borrower who has closed their bank account after taking out a loan, or someone who “could not keep up with the recurring fees so they stopped paying in hopes that a case will be presented to our office.” Dobbs didn’t respond to follow-up questions, including why a borrower would hope to face criminal prosecution.

Belinda Cinque, the hot-check clerk for Justice of the Peace Tom Lawrence in the Houston suburb of Humble, said she has little choice but to take payday lenders’ criminal complaints. “If all of the elements match, I’ve got to take it,” she said. But she expressed discomfort with the situation, noting that the vast majority of borrowers had either lost their jobs or had their hours reduced at work. “Correct me if I’m wrong, but they sound like sharks,” Cinque told me. At some point last year, she started getting calls from people—some in tears—making payments to Cash Biz through the court. A collection agency was “threatening them that they were going to be taken to jail,” Cinque said. To her, it sounded like the debt was being collected from two directions—a debt-collection company and through the court. She told Cash Biz to stop filing hot-check complaints as long as the company was using debt collectors.

The court, Cinque said, gives borrowers as much time as possible to pay and tries to avoid issuing warrants.

Almost all of the cases in Lawrence’s Harris County court emanate from Cash Biz, which appears to have found a way around the prohibition on prosecuting “held” or post-dated checks. Most payday loan companies in Texas have their customers fill out a post-dated check or authorize an electronic debit from a checking account for a future date. When the loan is due, the company either cashes the check or debits the account. That is, unless the customer doesn’t have the money and wants to “roll over” the loan. Cash Biz, on the other hand, gets checks from their customers dated for the day of the transaction. If the customer doesn’t come in and pay on the loan before the due date, the company can try to cash the check. If it bounces, then the company claims it has the basis for a hot-check charge. (Reached by phone, Cash Biz President David Flanagan said he would have someone else in the company call me back. No one did.)

Baddour, the consumer advocate, said that Cash Biz’s “innovation” points to a persistent problem with the payday loan industry in Texas.

“What we’ve seen over and over again is that [payday lenders in Texas] are pushing the limits of the law, always finding the loopholes, finding ways to navigate through the law,” she said.

Still, it’s not clear that the Cash Biz model is kosher. Taking out a payday loan isn’t like writing a hot check for groceries. Regardless of when you date the check, you’re borrowing money because you don’t have any. The promise is that you will eventually pay the money back with interest. In the payday loan model, the check is security for the loan, not payment.

Asked about the Cash Biz prosecutions in Harris County, Rudy Aguilar, director of consumer protection for the state Office of Consumer Credit Commissioner, responded, “We don’t believe that it would be appropriate in that scenario to move forward with those charges,” he said. “Now, we can’t tell that J.P. court how to interpret this.” Aguilar said the agency was unaware that the justice of the peace court in Humble was pursuing criminal charges against Cash Biz customers.

Defense attorney Jeff Ross, who specializes in hot-check cases in Houston, said that payday loan customers aren’t committing a crime, because the payday lender accepts the check knowing that it’s not good at the time the loan is given.

“If I want to be a hard-ass about it I’d say, ‘Listen we’re not going to pay a nickel,’” Ross said. “This doesn’t even belong in this court. It’s a hold check and therefore it’s not a criminal case.” While he doesn’t see anything patently illegal about the JP court’s practice, the intent is clear. “The payday loan people file with the JP court and use them as muscle to collect their money.”

 

As Roger Tillman began looking into how to avoid jail time, he grew angry. He wrote letters to Marpast, the state Office of the Consumer Credit Commissioner and the Bexar County DA. His complaint to the credit commission triggered an investigation.

Marpast would later tell the state Office of Credit Consumer Commissioner in writing that it had submitted the debt to the Bexar County DA “for collection purposes.” Indeed, First Assistant District Attorney Cliff Herberg described the hot-check division as “an assembly line process” in which “the vast majority of [cases] don’t get prosecuted.”

So is the DA’s office functioning as a debt-collection service for payday lenders?

“Well, we send a letter out,” Herberg told the Observer. “That’s part of the services that are offered.” The DA, he said, can’t decide which merchants to work with or not, even if “payday lenders may not be the favorite in the community.”

Herberg said his office won’t prosecute cases in which a payday loan is involved unless there’s a clear case of fraud or deception. “If it’s for a loan, they’re not going to submit them to a criminal prosecution, it would be for collections purposes only.” However, the collections letters from the Bexar County DA threaten arrest, jail and criminal prosecution—an inconsistency that the credit commission noted in its correspondence with Marpast.

“You would think that if this was a legitimate fraud or suspected fraud or suspected theft by check, that would’ve come up somewhere in the letter” from Marpast to the credit commission, Tillman said. “Because [Marpast] knew and the DA for that matter knew it was bullshit. It was an attempt to collect on a debt by coercion.”

There were other details that bothered Tillman. For one, the outstanding loans were for $500 and $350, respectively, not the $1,020 that Marpast was demanding. He also bristled at the thought that the Bexar County DA’s office was profiting from its collections letters.

“When you multiply a $140 processing fee times a 1,000 or 2,000 or 3,000 people who are delinquent, that’s a hell of a lot of money. That’s a way of putting money in your coffers. And all you’ve got to do is put something down on your letterhead.”

In all, the Bexar County DA has accepted more than 1,400 criminal complaints from payday lenders since 2009 totaling almost $373,000, according to records from the DA’s office obtained by the Observer.

The Office of Credit Consumer Commissioner has occasionally told payday lenders to stop seeking criminal charges against customers, but the agency has no jurisdiction over judges or prosecutors. After Tillman wrote to the consumer credit commissioner in August to complain about his situation, the agency investigated. In a September letter to Marpast, the agency instructed the company to “advise the DA’s office to cease collection activities on all checks” forwarded by Marpast. This should keep Tillman and other borrowers out of jail.

While the commission ordered Marpast to stop, its policing in general is spotty.

Since the Texas Legislature assigned the agency the duty of overseeing payday and title loans in 2011, it’s been stretched thin. The consumer credit commission has 30 field examiners to cover 15,000 businesses, including 3,500 payday and title lenders.

“Although I’d love to take a bunch of folks and go at that one issue,” said Aguilar, the director of consumer protection, “I don’t have that luxury at the moment.” Aguilar said his team finds violators when consumers complain or when the agency’s examiners visit one of the stores for an inspection. Only two customers, including Tillman, have ever complained to the commission.

“It’s a difficult situation,” Aguilar said. “People get put in tough situations where they’re just not armed with enough knowledge to deal with [payday lenders], and they get intimidated. If somebody calls you and tells you that you’ve violated the law in a criminal manner, that’s going to get your attention and shake you up.”

Forrest Wilder, a native of Wimberley, Texas, is associate editor of the Observer. Forrest specializes in environmental reporting and runs the “Forrest for the Trees” blog. Forrest has appeared on Democracy Now!, The Rachel Maddow Show and numerous NPR stations. His work has been mentioned by The New York Times, the Washington Post, the New Yorker, Time magazine and many other state and national publications. Other than filing voluminous open records requests, Forrest enjoys fishing, kayaking, gardening and beer-league softball. He holds a bachelor's degree in anthropology from the University of Texas at Austin.

  • Roy Haggard

    IF I WAS A SHERIFF OF A TEXAS COUNTY I WOULD RUN THEM DAM LOAN SHARK,S OUT OF MY COUNTY

  • Al Davis

    The place to start is the DA’s office. Check departments were developed to prosecute persons who, while knowing their account was insufficient to pay the check, thus evidencing intent not to pay, delivered a check for goods or currency. This is theft, plain and simple. Because the law allows prosecutors to collect “hot check fees” useable at the discretion of the prosecutor for several laudable purposes, ie any law enforcement purpose except the salary of the elected prosecutor, and because there is a slew of hot checks circulating, especially around Christmas, these departments became divisions operating on a cookie cutter procedure. The advent of on the spot balance checking by merchants who can afford the software and subscription fees has decimated the hot check “business” because any insufficient check is returned to the customer at the register. Perhaps some prosecutors are allowing this illicit procedure in their offices to “take up the slack”. Even if the loan company had a paper check that had been dishonored by the bank, (which it would not since the payments were made by EFT), it only evidenced a payment on credit stemming from a promise to pay occurring some time prior. The customer had made previous payments on the debt; therefore, it would be virtually impossible to prove the customer never intended to pay from the beginning. Apart from the usurious nature of “payday loans” shamefully allowed by our legislature, these transactions are civil matters and should be rejected from prosecution with appropriate explanation to the creditor. Any DA that allows their hot check department to morph into a collection agency should be subjected to action by the appropriate authorities.

    • tutttul

      What bothers me more than anything about this investigation is that every single legal agency the investigator contacted speaks of Texas consumer protection laws as if they’re just a suggestion – and not one issued a definitive statement or appeared willing to openly condemn the practice of courts particpating in payday lender collection practices. Judges and JC’s that engage in violations of consumer protection laws should face investigation by the U.S.Justice Dept.

      • methinks

        when my husband and I had trouble with a car dealership we found that no Texas agency actually protects consumers. We had to sue the car dealership and we won, but the award was cut in half by the appellate court because of torte reform. The dealership took their appeal all the way to the Texas Supreme court and lost, but it took about 5 years. The laws in Texas do not favor consumers and no agency in Texas has the power to intervene in a consumer complaint.

  • Bobby R. Fried

    This makes me sick to my stomach. where is this state headed.i worry.

  • Melanie

    Not saying I condone payday loans. They are awful things. BUT! Jen Reel or whoever shot the photos for this needs to do a little bit of research. I work for EZMoney. They do not put people in jail for not paying back their loans. SpeedyCash might but EZ doesn’t.

    • Heather Barron

      I’m sure your company is a paragon of good Christian values. At 650% annually.

      • Melanie

        I never said anything about my company being a paragon of anything good. Merely stating a fact. But since you want to bring good Christian values into it, isn’t one of the Ten Commandments thou shalt not steal? No one is forced to walk into a payday advance business. Good marketing makes it appealing, just like a Big Mac looks when you’re hungry. Most of the people who walk through that door know they’re going in to take money and not give it back. That is THEFT. If you’re going in there with intentions to pay it back and the interest is too high, you leave. It’s that simple. Any other place you go to take out a loan(ie, bank, car dealership) will charge you substantial interest to pay it back. But they’re good Christian companies, right?

        • Heather Barron

          That wasn’t you that said “Not saying I condone payday loans”? Three sentences later you say you work for a payday loan company. Do you or do you not condone these practices?

          And yea, I’ll concede your company doesn’t throw its customers in jail. ALL of them — including your employer — throw their customers into a kind of slavery, because their products are intentionally designed to keep customers rolling their balances over as long as possible. There is a reason usury is banned in many countries.

          You go on to quote the bible, saying “thou shalt not steal” — as if the product payday loan companies sell isn’t just a fancy form of theft. But since you quote the bible, allow me to also quote Exodus 22:24, Leviticus 25:36-37, Deuteronomy 23:20, Ezekiel 18:17 and Psalms 15:5. They all forbid charging interest.

          You claim that good marketing is creating an appeal, but this has nothing to do with marketing — it is desperation. Only a desperate person who has no other choice will pay those rates. The only difference marketing is going to make is determining which shark gets the business.

          Finally, yes, other places will also charge you interest… for example, a student loan up until recently charged 3.4% interest… the company in this story charges approximately 191 TIMES that rate. So yea, color me ALL impressed that YOUR company isn’t throwing people in jail…

          • Roger Tillman

            Good points Heather!

          • Monica Guzmán

            BRAVO!! Well stated!

          • tutttul

            Well said girlfriend!

        • tjm47

          And Jesus stode into the marketplace of usurious manychangers and swept all their money and their goods to the ground and TOLD them where they were going….get in line……absolutely SINFULL to take advantage of others when they are down because of circumstances they are undergoing….GET IN LINE >>>>>…

    • sunenge

      You don’t condone payday loans, yet you work for a payday loan company. Really, I wouldn’t believe a thing you say, you are a hypocrite. Just because your company doesn’t jail people, so that makes loan sharking and ripping people off ok? You prey on scared and down on their luck people, that makes you nothing but a low life bottom feeder.

    • The Real Truth

      I agree and this whole story is a joke, I worked at the money center when this was going on and I can tell you the story is full of half truths their was alot more to this then printed but since this rag has a left wing agenda what you see is what you get….

  • creativeusernamehere

    If you read the terms of those loans, they’re pretty outrageous. No one could afford them.

  • ZedZero

    Our government immoral by 1836 standards. Kinda defines backwards.

  • Heather Dillon

    Hey, we don’t need gov’t regulations and stuff… We just need to let the market do it’s thing and let good old-fashioned entrepreneurial ingenuity lead the way!

    • Roger Tillman

      @Heather Dillon, It was gov’t regulations and enforcement that investigated this situation and ordered Marpast Of Texas (a pay day lender) and the Bexar County DA to discontinue their illegal practices, NOT “good old fashioned entrepreneurial ingenuity!” I’m not for the government sitting on top of everything, but you’re dreaming if you expect the same industries that do the “violating” to police themselves.

      • unclejeems

        Irony, not much?

      • The Real Truth

        You were a liar when I worked there and I see you still are pretty good at it……

        • Roger Tillman

          Obviously the same applies to you and you’re NOT too good at it!

    • jane

      So, in Texas, they can just shoot you for being late with a payment?

  • alan zanetti

    This situation is bigger than jailing people for being poor.Corporate prisons profit from the inmates and charge them for their stay,so it’s all connected and could get alot worse unless people vote republicans out.Texans need to unite around this issue and revolt(occupy Texas). Support Wendy Davis because our forefathers waged war against fascist government and now we find it in our own back yards.Friends, the war is here and not overseas. Wake up and unite for we together are the wisdom,power,and glory.Amen!

  • GAA

    Texas Public Education needs to include personal finance in the high school curriculum as a graduation requirement.

    • Monica Guzmán

      Knowing how to handle personal finances is no guarantee against: job loss, medical emergencies, etc. Financial emergencies drive people to extents they may/may not usually go.

    • derbradster

      I had a finance degree from UTDallas and a BSN from UTAustin and YET even I had to sit thru the basic check writing and loan shark awareness class at Ft Hood. No commander wants to get a call from any pay day loan shark. But one man I know was a 1st sergeant (senior noncommisioned officer) and this old NCO had the right attitude. “When they’d call me complaining about a soldier who had missed a payment on his pay day loan I’d ask them a question: Did you contact me when you were about to issue this pay day loan to a 20 year old? No? Then you shouldnt be contacting me now. Good bye!”
      Of course pay loan scams are mild compared to the student financial aid racket.

      • Luxes

        Some states will not allow loans to military men and women. They make sure of that.

      • Joseph Moore

        or they be like Georgia and West Virginia and tell the payday loan industry that they are not allowed in their state. Under Georgia law payday lending is the same as money laundering

    • methinks

      yes of course, but then Texas has outlawed the teaching of critical thinking. Personal finance might qualify as critical thinking

  • Harrison Terran

    An economy should be built from the ground up, and national politicians lack the competence to legislate for local issues. Perhaps they need advice from professional economic specialists, such as the Orlando Bisegna Index, specialists in the economic crisis. Their specialists have helped various counties in the US with debt problems, business failures and unemployment, thus improving the economic condition of many families.

  • derbradster

    The biggest victims of pay day loan scammers are young men and women who wear the nation’s uniform. Has anyone ever had to sit thru the required “consumer education” class for newly arrived troops at Fort Hood? I assume it is similar to something they do with airman sailors or marines. Kudos to the post commanders who simply declare these gyp joints OFF LIMITS to all soldiers. Any soldier who even is seen walking in or out of one is subject to UCMJ. And that is as it should be.

  • derbradster

    The Pay Day loan joints need as much scrutiny as any abortion clinic. You could argue that both prey on the poor and uninformed. But surely the loansters have clients sign some type of consent? “I Private Smedlap understand that I will pay back 75 cents for ea dollar I borrow..” etc.

  • tjm47

    And the behind the scenes owners of these corrupt swindlers are Wells Fargo, Bank of America and the rest of the BIG THIEVES….Backed by your local Political leader !!!! How do you think they keep getting RICHER ????

  • The Real Truth

    Its funny but not unexpected on how you are leaving out a key piece of information in your radical left wing view article….The OCC Ruled Against Mr Tillman….Get your story straight…I repeat the OCC ruled against Mr Tillman. It was the Money Center that pulled the account from Bexar County when they were advised of the content of the collection letters that were being sent. Its a joke that your are allowed to publish this dreck

    • Roger Tillman

      The real truth!? How about your clumsy attempt to “spin the truth!?” I received the threats directly from The Money Center manager and I have the documentation to back it up. Correct the problem rather than attempting to cover it up.

      • The Real Truth

        threats lol , I worked at Money Center for 6 years there were no threats and the occ ruled against you and you know this but just decided to leave that part out, You are a small pathetic lying little man that ripped off multiple payday loan companies, try this novel idea, go out and get a education, then get a real job, then maybe just maybe you will be able to buy your own things without stealing and posting bs years after the fact….

        • Roger Tillman

          I stand by what I said, with documentation to back me up. By the way, why don’t you come out from behind that “liar label” (real truth) you’re hiding behind and “Man up or Woman up” and put your name out there and we’ll talk.Any coward can hide under the bed and take “pot shots.” Until you do that, you’ve got ZERO credibility with me and most of these readers. So stop hiding and let’s take a look at the “REAL TRUTH.” I’ve got nothing to hide.

        • Roger Tillman

          What happened, did your “lie machine” (the truth spinner) over heat or was typing while hiding under the bed just too much work???

    • Forrest Wilder

      The entirety of the OCCC records relating to the Tillman case (with personal information redacted) has been available at the following link since the publication of the article. I don’t believe there was a “ruling” per se by the agency but OCCC did tell the Money Center, in the context of Tillman’s complaint, that it was a violation of Chapter 393 of the Texas Finance Code to threaten a consumer with criminal prosecution. That led to Money Center asking the Bexar County DA to drop any changes. I welcome any evidence that contradicts or adds to this in any way. It’s unclear what “key piece of information” you believe was omitted.

      https://www.documentcloud.org/documents/724266-or-13-158-wilder-marpast-resp-docs.html

  • Barbara Brooks

    In England the churches and credit unions are getting together to offer cheaper short-term loans. I wonder why no one has thought of doing that here . . .

  • harry@poundstohand

    Fast Loans This article is very good news. When someone is in jail. This is how easy it is to get loans. It is growing very fast loans service. want more article on loans http://www.poundstohand.blogspot.com

  • David William Reid

    My question to you, is do any of you know how to read? If you do, then why would you agree to a loan like this? So you can read, and you read the loan, know you have to pay it back, and don’t after agreeing to it, then complain? Ya ok! Idiots!

  • David William Reid

    Here is another good one. One of my neighbors was putting up car to go to illegal gambling halls here in TX. She finally lost so much gambling in the ILLEGAL gambling halls, then lost her car. Knowing her car was at risk, paying high fee’s of interest on the loans, and then cried about it that its not right? I also know one right now who does it about every 3 months to by scratch off tickets. I am sure it will be all their fault once again when he loses his right? Morons!

  • http://billcollectorshateme.blogspot.com/ Bill Collectors Hate Me

    This is total BS. You cannot go to jail over a payday loan. Period. See my blog.

  • Stephanie Vega

    Debt collectors also are prohibited from saying
    that:

    ·
    you will be arrested if you don’t pay your debt;

    ·
    they’ll seize, garnish, attach, or sell your
    property or wages unless they are permitted by law to take the action and
    intend to do so; or

    ·
    legal action will be taken against you, if doing so
    would be illegal or if they don’t intend to take the action.

    Sec.
    392.301. THREATS OR COERCION. (a) In debt collection, a debt collector may not
    use threats, coercion, or attempts to coerce that employ any of the following
    practices:

    (2) accusing falsely
    or threatening to accuse falsely a person of fraud or any other crime;

    (5) threatening that
    the debtor will be arrested for nonpayment of a consumer debt without proper
    court proceedings;

    (6) threatening to
    file a charge, complaint, or criminal action against a debtor when the debtor
    has not violated a criminal law;

    (8) threatening to
    take an action prohibited by law.

    • http://billcollectorshateme.blogspot.com/ Bill Collectors Hate Me

      Thank you, Stephanie! I’m glad to see that someone knows their rights!

  • Joshua Belcher

    Those money grubbing bastards have loan centers on every block, still, they deal on smaller amounts of money, whereas banks foreclose peoples houses.

  • ozrkmtndd

    Huh, in Louisiana a payday loan is strictly a civil matter; therefore, the only recourse a legal payday loan place can try and get their money is in court. After ten years the matter becomes totally noncollectable. Many of the internet loans in a state slightly north of Texas operate from tribal lands. Consumers have a hard time collecting judgements against collection practices, but they can’t sue people because by law they are loan-sharks (extending illegal loans where they are not licensed). I wonder if anyone has tried to pursue such a course in court.

  • aleena rose

    Thumbs up guys you are really carrying out a great job.
    http://www.personalcashadvance.com/

  • MR CHAD ELLIOT

    On the 4th of January this year ,I was having a little problem with my land lord and our case was in court so i needed to get a house of mine so that i can be free from my land lord’s problems and harrasment. finanlly..
    I am giving this testimony not for too much reason but just to fulfill my own bargain of the promise i made to MRS QUEENETH STARK LOAN COUNCIL AGENCY that i was gonna carry out as soon as i get my loan within 48 hours as they insisted and guaranteed.
    I do not have much to say but the issue is that i never believed or thought that i was gonna get a real loan without been scammed this time like my other lenders did. I lost $4500 dollars in 3 months and due to this i loosed all interest and i never believed that i was gonna get a loan online and all effort to get a loan from my bank was not possible cos i have been blacklisted…. the issue is that if i start on talking about all that i have been through … i wont be able to complete it because i have really been through alot .
    I was surfing through the internet some few days back and i saw an advert from the Mrs queeneth stark loan agency claiming to be loan providers to all loan seekers , i thought it wasnt real so i forgot about it but something kept on telling me to try my luck teh very last time and after 2 days of my thoughts i went back to that site and i applied through there email address which is [email protected] and everything went on but until now i was still scared because i never wanted to experience what i had experienced before.Finanlly i gave in because i needed a loan so bad and not minding how it was gonna come through but fortunately for me, I got my loan so easily and so quick without problems or delays WITHIN 48 HOUR from the MRS QUEENETH STARK LOAN AGENCY.. All i wanna say is that God Bless You All especially Mrs Queeneth Stark for been honest to me and also a very big thank you MR David Bruce who is the personal assistant to MRS STARK For keeping to your words by giving me that loan of $ 70,000.00 dollars at the exact time you gave . here is there email address just incase if you are in the situation and doubt i was in before i got my loan or if you are also i need of a loan too . [email protected] and you can also reach me on my personal email too just incase you wanna talk to me and please feel free because i am a very free fellow. my email is [email protected]

  • shamrock

    I can’t believe writer didn’t bother to point out that the chairman of the Texas Finance Commission, the very agency responsible for overseeing payday lenders, is William J White. In addition to his appointment as chairman of the TFC, William J White is also Vice President of Public Affairs for Cash America. Cash America just happens to be one of the leading payday lenders in the state of Texas. They were also fined $19 million by the US Consumer Financial Protection Bureau for abusive practices. Talk about letting fox guard the henhouse. Way to go Texas!

  • Thomas Rogers

    I just came across another site http://www.texasfastcash.net saying that they do fast loans in Texas too, but not sure why they are different than these payday folks. Says some about get approved for a title loan so I assume they are about the same thing.

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