Regardless of when you date the check, youre borrowing money because you dont have any. The promise is that you will eventually pay the money back with interest. In the payday loan model, the check is security for the loan, not payment. Asked about the Cash Biz prosecutions in Harris County, Rudy Aguilar, director of consumer protection for eastern bank limited personal loan state Office of Consumer Credit Commissioner, responded, We dont believe that it would be appropriate in that scenario to move forward with those charges, he said.
Now, we cant tell that J. court how to interpret this. Aguilar said the agency was unaware that the justice of the peace court in Humble was pursuing criminal charges against Cash Biz customers.
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