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United Cash Loans scaring enough!

Posted on: 27th Aug, 2007 02:13 am
I've defaulted on my payday loan and now United Cash tells me that they're sending police to get me arrested. Is that what they will really do or just threatening me? I'm already working with a credit counseling agency and trying to pay them. It's a month ago that I sent them the first late payment check even. But here I'm really troubled, can they call the police??
Welcome Robertina,

If it's an online payday loan company then this is quite common. These pdls often send threats to people - that's a way they use to frighten people and take more cash from them.

United Cash loans cannot call the police for defaulting on your payday loan. Don't worry, just keep making the payments.

let's hope for the best.
Posted on: 27th Aug, 2007 02:26 am
Payday loans are unsecured and therefore the only way they can be collected is through common collection practices based on your good faith to repay the loan. They can only call/ write to you and ask for their money. They can also send your debt to collections and affect your credit score that way that is it. No police will come.
Posted on: 27th Aug, 2007 09:49 am
"I've defaulted on my payday loan and now United Cash tells me that they're sending police to get me arrested."
Thats ridiculous.

They cannot call police if you do not pay. If you are not able to pay then they can look for other measures but do not have the rights to get you arrested for non payment.

Miller
Posted on: 27th Aug, 2007 11:20 am
Hi Robertina,

You don't need to get tensed as they are only threatening you. It's good that you have started to work with a credit counseling agency and started to make the payments. You continue to make the payments and if they still create problem, you can take the help of an attorney general of your state.
Posted on: 27th Aug, 2007 08:47 pm
Hello Robertina,

I cannot believe that this payday loan company can go to such an extent of threatening you. You must file a complaint against them.

I am very thankful that you have shared your experience with them. This will help me to be alert against them as I have also taken a loan from one of such payday loan company.
Posted on: 28th Aug, 2007 03:31 am
They have the right to recover delinquent loans through legal remedies such as debt collection & civil court action. But you cannot go to jail for not paying your debts.
Posted on: 28th Aug, 2007 03:29 pm
Yeah they are just using a scare tactic. I don't think thats legal to do.
Posted on: 30th Aug, 2007 08:37 am
Once I took a loan of $ 200 from United Cash loans. It was a great mistake that I have done. The company garnished my checking account every 2 weeks. Now, as my balance is not sufficient in the account, the bank has charged me $ 40 of NSF fees. I called my bank and told them about the illegal activities of United Cash loans. The bank has asked me to fill an ACH Affidavit Form so that they can close my account to avoid any further garnishment of cash.

This company has really made my financial situation worse.
Posted on: 01st Sep, 2007 12:47 am
what are ACH and NSF fees?can a payday loan company garnish wages??
Posted on: 01st Sep, 2007 02:28 am
Hi DJ,

Non Sufficient Fund (NSF) fee is a kind of checking-account fee. It is charged by banks to its customers whose accounts do not have sufficient money to cover a check. The fee charged usually ranges between $25 and $35 per check.

ACH or Automated Clearing House is an electronic fund transfer service which is used for payment of any taxes and fees.

Pay day loan companies are best known for their practice of garnishing wages. You should be careful while dealing with them.
Posted on: 01st Sep, 2007 03:19 am
Thanks larry
Posted on: 04th Sep, 2007 11:03 am
Hi DJ,

It's my pleasure to help you. If you have any further query, please do not hesitate to ask.
Posted on: 04th Sep, 2007 07:53 pm
Please give me the phone number to contact United Cash Loan so I can pay off my loan
Posted on: 02nd Oct, 2007 09:24 am
Hi Guest,

Just try out with 1-800-430-2740.
Posted on: 03rd Oct, 2007 12:03 am
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.
Posted on: 03rd Oct, 2007 10:29 am
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