What to do if you get a payday loan call?

Do not give out personal identifying information over the telephone, including bank account information or credit card information. If you had a payday loan and paid it in full, clarify with the original lender that your debt has been paid in full before making additional payments.

Do you have to pay back a payday loan?

If a payday loan was taken out prior to that date and a balance is still due, the consumer is still obligated to pay back the debt. Also, internet payday lenders are generally subject to the same laws governing consumer loan lenders in Arizona. Consumers should be cautious of signing up for an online payday loan.

Is it illegal to take out a payday loan in Arizona?

The Arizona Attorney General’s Office urges consumers to remember that payday loans are illegal in Arizona as of June 30, 2010. If a payday loan was taken out prior to that date and a balance is still due, the consumer is still obligated to pay back the debt.

When to respond to a debt collection call?

Within 5 days of first contacting you, debt collectors must “validate” or tell you the amount of the debt, the name of the current creditor, and how to get the name of the original creditor. 3. Don’t respond to threats.

What happens if you call a payday loan imposter?

The imposters told people they were delinquent on a payday loan or other debt and threatened them with arrest, jail time, or getting sued unless they paid by credit or debit card over the phone. Sometimes, the callers had personal information, like Social Security and bank account numbers, or relatives’ names.