I took out a $500 payday loan with with repayment terms of 6 payments. I was a day late with making that payment and now they are telling me I must pay the balance in full by Monday or I will be prosecuted for passing bad checks, it was my understanding that they were not allowed to do that unless the check came back on a closed account (which it is not). I am trying to the best of my ability to pay these people everything I can, which is slightly more than the agreed upon payment, and that isn’t good enough for them, is there anything that can be done?
this is all I can find, but I am not sure if it applies to Missouri because I can’t find the laws…

These lenders think they can scare you with into paying it back because you wrote a check, but that is just not true. The law forbids payday loan lenders from initiating or threatening a criminal prosecution against you or from collecting the treble damages that might otherwise be payable pursuant to the Civil Code for a dishonored check. They do reserve the right to collect delinquent loans using all legal remedies available including legal debt collection and civil court action. This is the most legal action they can take against you, it will take them months to take you to civil court, and another month or two to garnish your wages, if ever.

Jill

I took out a payday loan and I do need to repay it. However, I don’t think this company is using legal debt collection practices. I have asked them for the documents regarding the loan, license number, company name, physical address, etc….I get nothing in response but rude and snotty emails. I have now asked them to stop emailing me at work. What should I do next? I am not arguing paying the loan, but I want to see the documents so I know what the fees were.

Edgardo

I took out a payday loan and I do need to repay it. However, I don’t think this company is using legal debt collection practices. I have asked them for the documents regarding the loan, license number, company name, physical address, etc….I get nothing in response but rude and snotty emails. I have now asked them to stop emailing me at work. What should I do next? I am not arguing paying the loan, but I want to see the documents so I know what the fees were.

Charlsie