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In Tillmans case, however, the debt collectors werent 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 low interest personal loan banks 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 interested party can go to the financial institution, complete the forms and leave with the money requested. What are money loans. Are treated of cash loans of small amounts of money that are commonly used to resolve emergency situations.
In general, these private financial institutions that do not have a low interest personal loan banks with banks, but operate on their own. In what situations am ideal to apply for this kind of money loans. What are the advantages of applying this type of cash loans. Payday loans immediate are not beneficial only because it can be obtained quickly, but because there is no need for any type of requirements. It is now possible to apply for this kind of loans via Internet which reduces the amount of formalities to perform and allows you to order them from the comfort of home.
If it comes to applying for a personal loan immediately through the Internet, you can quickly find out if the financial institution has bad background or there are bad comments on the web.