United Cash Loans scaring enough!

livinginnky · Posted: Wed Oct 03, 2007 10:29 am Post subject:

I want to point something out that gets brushed over in a lot of forums.

Also this is not directed at anyone personally I simply think it needs to be said as it happens often.

If you default on a pay day loan you cannot go to jail. However if you did something fraudulent during the transaction then that could carry legal penalties such as jail. Below is an example...

ie. Person goes to 5 payday loan companies and promises to pay them all back out of the same money. Obviously the person will not be able to pay back all 5 they will only be able to pay back 1. This is definately illegal and can result in jail time. It is a type of banking fraud. It is like writing bad checks and cashing in on the rewards. You will definately get in trouble if you do this.

Again I am not saying this is what the original poster was saying I just wanted to bring it up as good people, who shouldn't be in jail, do try this sceme.

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