They will claim anything to you get you to pay them. Check with your State or County law regarding collection on debt. There are guidelines that they have to follow. That being said I would be relatively confident in saying that no, they cannot claim that the money was issued on a bad check.
I guess it all depends, I might say. the amount of money you owe may play a significant part of the equation. For every company that "threatens" to put you in jail or have you pay civil damages, there are those that so not follow this norm.
Yes, In Louisiana they can call it a worthless check
Can I be charged with bank fraud or any other criminal offense for closing an account on a payday loan?
No. The consequences to your loan well be found in your contract with the loan company. Most online payday loan companies are willing to work with and help you pay the principle back. Before jumping ship and not paying I would contact them tell them you would like to pay back the principle and they should work with you. But you shouldn't worry, it would be very hard for an online payday loan company to send you to jail. Learn more about Payday loans at www.getecash.com
my layer said that it is like a credit card so it is not a bad checkCan they send me to jail if I do not pay back a payday loanAnswer:No, you cannot be sent to jail on not paying your payday loan. One thing that you must remember that"Payday loan is a civil debt. It is not a case of Check Fraud"So the Debt Collector cannot take criminal charges against you. You must be aware of your right before taking any action.A reference is there that brief you most about your payday loan rights.
I guess it all depends, I might say. the amount of money you owe may play a significant part of the equation. For every company that "threatens" to put you in jail or have you pay civil damages, there are those that so not follow this norm.
Yes, In Louisiana they can call it a worthless check
probably!
If you can not pay back a payday loan the account can go into collections until repaid. The payday loan company may also file a claim in court. Failure to pay back a payday loan will not result in jail time.
Can I be charged with bank fraud or any other criminal offense for closing an account on a payday loan?
No. The consequences to your loan well be found in your contract with the loan company. Most online payday loan companies are willing to work with and help you pay the principle back. Before jumping ship and not paying I would contact them tell them you would like to pay back the principle and they should work with you. But you shouldn't worry, it would be very hard for an online payday loan company to send you to jail. Learn more about Payday loans at www.getecash.com
my layer said that it is like a credit card so it is not a bad checkCan they send me to jail if I do not pay back a payday loanAnswer:No, you cannot be sent to jail on not paying your payday loan. One thing that you must remember that"Payday loan is a civil debt. It is not a case of Check Fraud"So the Debt Collector cannot take criminal charges against you. You must be aware of your right before taking any action.A reference is there that brief you most about your payday loan rights.
No, you cannot be sent to jail in Houston, Texas for not paying a payday loan. Failure to repay a payday loan is a civil, not a criminal, offense. However, creditors can take legal actions to collect the debt, such as filing a lawsuit or garnishing wages.
Defaulting on a payday loan is a civil crime - not a criminal offense. Therefore, you shouldn't have any jail time in Missouri for this. And, if a debt collector is threatening that you can and will go to jail for this, then they're full of it!
No, and payday lenders are prohibited by law from telling you that. It is a civil matter, the same as if you couldn't pay a credit card. Payday lenders are notorious for making threats to have you arrested, etc. They are violating the Fair Debt Collection Practices Act (FDCPA) when they do this. Some states have made payday lending illegal. Check with your attorney generals office or financial regulator about this. On a side note, if you went to a store front location and actually wrote a check, then they would be able to pursue charges for a bad check. Internet payday loans cannot do this, as taking out an online loan is not the same as writing a check.
Not exactly. But, if you wrote a check for it that was on a closed or account you knew didn't have the funds available, that is a criminal act, punishable by jail time. The idea of putting people in jail (a debtors prison), for default or not paying is no longer done or acceptable.
Check with the jail. THey will tell you who is authorized. You can also check their website. There is usually information for families there. Good luck,