Eventually, he reached a manager at The Money Store. His statement was that I hope you dont get stopped by the police, because Im filing a theft by check charge against you, Tillman said. I didnt say anything. I was floored, because I was expecting to work out a payment plan. It was no idle threat. In November 2009, The Money Center, which is the operating name for a company called Marpast of Texas, filed a criminal virginia personal loan interest rates against Tillman with the Bexar County district attorney in San Antonio.
Tillman soon received a letter from the DA, demanding that Tillman pay Marpast 1,020 within 10 days or potentially face felony theft charges that carry two to 20 years in jail and fines up to 10,000. In all, the district attorney demanded 1,250, including district attorney fees of 140 and merchant fees of 90. Tillman was shocked and scared.
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This makes it easier to borrow, but there's a danger that even those with a poor credit history and no income might be able to take out a loan they can't afford.
Did you know. Some mortgage lenders won't accept applicants who've taken out a payday loan in the last few years - even if the loan's been settled. Rollover payments. Some payday lenders may offer you the option of rolling over your payments and bill it as 'giving you more time to repay'.
The problem is you'll be slapped with even more interest. If you can't afford the repayment now how will you afford it - plus more - in a month's time.
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