Heres some info for folks in Maine concerning internet payday - TopicsExpress



          

Heres some info for folks in Maine concerning internet payday loans. 1: Unless licensed by the State of Maine, they cannot offer those loans. Youll know if theyre licensed or not by checking their terms. If they offer 400% interest or massive fees then you know they are not as Maine has regulated those fees to 15 bucks for every 200. 2: They cannot jail you for not paying, unless they can prove you knowingly closed a bank account in order not to pay, but even then, thats a civil matter in the state of Maine and almost impossible to prosecute as criminal. 3: Calling you to tell you that they can throw you in jail or have you prosecuted in any other way is actually illegal under the Federal Debt Collection Fairness Act. Dont let people rail road you or try to take advantage of you. Know your rights!
Posted on: Mon, 03 Feb 2014 15:44:33 +0000

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