What to do if a payday loan mediator called me stating that my driver’s license will be suspended if I don’t pay?

Is that possible?

Asked on December 20, 2012 under Bankruptcy Law, Texas

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

I suggest that you get the name, address and telephone number of this "payday mediator". From what you have written about the call that you received is a "scam" by the payday loan company where the interest rate on the loan may be illegal under the laws of the state where you reside.

I suggest that you may walso want to consult with a consumer law attorney about the call you received and possible legal recourse that you may have.


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