Yes.
A payday loan company may sue a borrower in Texas in order to get their money back.
YES!
No. In the state of Texas a creditor cannot garnish your wages no matter how much is owed.
YES
Yes.
If you don't pay a payday loan, you can have a judgment brought against you. They can also fine you a pre determined amount.
An online payday company cannot file criminal charges in Texas. It is an unsecured loan with little recourse but a judgment in a court of law.
YES!
Yes, online payday loans are legal in the state of Texas. The state features very strict rules for lenders, so you'll have to find a lender that follows these laws properly.
Can a payday loan company garnish my wages or levy my bank account, assuming they are successful in getting a judgment against me.
No. In the state of Texas a creditor cannot garnish your wages no matter how much is owed.
can you prosecute a hot check on payday loan
no
YES
Yes.
If you don't pay a payday loan, you can have a judgment brought against you. They can also fine you a pre determined amount.
Yes, writing a check on a closed account is considered a form of check fraud in Texas. This action violates state laws and could result in legal consequences, including being taken to court by the payday loan company or financial institution. It is important to resolve the issue immediately to avoid further legal troubles.
No, you cannot go to jail for owing payday loans in Colorado or any other state. However, the lender may pursue collections through legal means. Moving to Texas does not eliminate your debt obligation, but the lender must follow Texas laws regarding debt collection.