What is the name of your state (only U.S. law)? Minnesota
In July I got wrapped up in some internet pay day loans. If you are not familiar with payday loans its like getting loan from the mob. I took out a 1300 dollar loan and paid 614 a month in July, August and September just in interest. Fast forward to last Friday. I didnt have the money to pay them payday loan and the entire amount is due, plus pay my rent, so i let them debit my account and when the bank was going to return to sender, which I couldn't have them do because these people are like loan sharks. These people have been calling my work phone 20 times a day, and when I sent them a cease and desist they told me they did not have to abide by it.
Sadly the only chance I had to get out from under this was to lie to the bank and tell them my direct deposit got lost. They paid the debit but now I owe the bank, which I am paying in a DMP. My concern is going to jail for lieing, fraud.
Does anyone have any ideas on what I should do. I am not proud of this, but was totally consumed by fear that they would start calling my boss.
In July I got wrapped up in some internet pay day loans. If you are not familiar with payday loans its like getting loan from the mob. I took out a 1300 dollar loan and paid 614 a month in July, August and September just in interest. Fast forward to last Friday. I didnt have the money to pay them payday loan and the entire amount is due, plus pay my rent, so i let them debit my account and when the bank was going to return to sender, which I couldn't have them do because these people are like loan sharks. These people have been calling my work phone 20 times a day, and when I sent them a cease and desist they told me they did not have to abide by it.
Sadly the only chance I had to get out from under this was to lie to the bank and tell them my direct deposit got lost. They paid the debit but now I owe the bank, which I am paying in a DMP. My concern is going to jail for lieing, fraud.
Does anyone have any ideas on what I should do. I am not proud of this, but was totally consumed by fear that they would start calling my boss.