Posts Tagged ‘Be’

Can I Be Arrested For Not Being Able To Payback A Payday Loan?

Wednesday, June 17th, 2009

I received a call today from someone and she told me that I had to payback two payday loans that I took out. She told me that if I didn’t pay them back today that it will handed over for a judgement and that I would be arrested at my job. She also told me that you can only get a online payday once and that it was the government that loaned me the money. When I asked her would I be arrested she would never say those words all she wold say is that there will be a disturbance at my job. Is this true? I also checked my loan documents and nowhere did it say that I there was a limit to how many loans you can take out. I think she was just saying those things to scare me but I don’t know because I would be very embarrased if I was arrested at my job.

How Much Interest Would Be Charged On A Short Term Loan For A New Business?

Thursday, June 11th, 2009

the loan would be for $40 000…so how much would we paying on interest.. what %????? this is for a restaurant and we plan on paying it back after the first year…