NO!!! The lender cannot threaten or use criminal prosecution to collect. However, the lender may file an action against you in civil court. If you cannot repay the loan, you may request that the lender place you on a payment plan. However, the lender is not legally required to grant your request. If you wish to file a complaint regarding a payday loan vendor in Mississippi, please call either or both of the following offices:
Department of Banking & Consumer Finance – 1.800.844.2499
Consumer Protection Division of the Office of the Attorney General – 1.800.281.4418