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What is the law in Missouri if you did'nt pay back a payday loan.?

About a year ago I had taken out a pay day loan. I could'nt pay it back, so I took out another and another and got caught up in the payday loan mess. I thought I had paid them all off. Yesterday I received a call that if I did not pay it back by 5pm that they would file 3 criminal charges against me at 9 am today. I took out a loan for $300 and they want 2,975. I can't come up with that and they will not let me make arrangemenst. He said that they would be contacting my employer, which because where I work I will loose my job. What should I do?

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  • Anonymous
    9 years ago
    Favorite Answer

    You only have two options, pay them or face criminal prosecution for fraud, but if you paid any payments then they cannot pursue criminal charges and they will have to sue in civil court.}{

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  • bevan
    Lv 4
    4 years ago

    Whats a payday loan? Do you mean written cheques that they funds on payday? you wouldn't have borrowed funds you may no longer arise with the money for. once you've signed a credit contract with them they could ahead the debt to a debt sequence corporation who will then harass you on their behalf for the money which could in turn influence your credit status. I propose you ring the employer that you borrowed from and grant a month-to-month reimbursement of a few style in the route of the debt.

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  • Anonymous
    6 years ago

    I am sure you will find this site very useful: WWW.IMMEDIATELOAN.NET

    RE:What is the law in Missouri if you did'nt pay back a payday loan.?

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  • 9 years ago

    contact the consumer protection division of your Attorney General. 1-800-392-8222

    http://ago.mo.gov/consumercomplaint.htm

    do it as soon as it is 8 am

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  • 5 years ago

    This site should help you

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  • 4 years ago
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