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Can a payday lender take out a Warrant for someones arrest in VA for unpaid loans?
Wiki User
∙ 13y ago
No.
Only a judge (or a representative of the court) may issue a warrant for someone's arrest.
Unpaid loans eventually end up in civil court whereby the lender hopes for a judgment to be given in their favor (driving the borrower to pay the debt).
Wiki User
∙ 13y ago
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Can a payday loan issue a warrant for your arrest if default?
No. If your state allows payday loans, then a payday lender could sue you civilly for default, just like any other loan. Many states have made payday lending illegal. You would have to research your state by checking with the financial regulatory agency. Payday lenders will often make threats of arrest, etc. That is illegal to do in all 50 states, in violation of Federal law. It is a common tactic to scare you into paying.
Can a payday loan company issue a warrant for your arrest for defaulting on a loan?
No. Only the court (Judges) may issue a warrant for someone's arrest. No lender may have you arrested for not paying a loan, however, if you don't show up to court (or have legal representation at court), the judge may issue a bench warrant for your arrest (with the intention of getting you in front of the court, not to put you in jail). If the default, however, is subsequently believed to be a result of fraud, the judge may pass the particulars of the case to a prosecutor who will likely request a warrant for your arrest. In this case, the warrant is meant to hold you for trial in criminal court.
What happens if you cant pay your online payday loans if you live in Maryland?
In Maryland, legally you have nothing to be concerned about. Payday lending is illegal in Maryland. No payday lender could successfully take any legal action against you. They will still harass you and attempt to scare you into paying them. They will threaten to sue, arrest, garnish, suspend your license, etc. They can do none of these things. You need to report any payday collectors to the Maryland Commissioner of Financial Regulation. They will advise you of the laws, and initiate an investigation into the payday lender/collector.
Can you get sued by a payday loan company for moving out of state when you have a payday loan in the state that you are leaving?
Any lender has the right to sue regardless of the reason if you choose not to pay them back. Leaving a state where you took a payday loan is not a reason for a payday lender to sue you - not paying them back is.
Are payday loan illegal?
Payday loans do hold a legal status however it depends on the states. We all know for a fact that there are rules before you can get a loan from a money lender or even a licensed money lender and that same goes for Payday loan.
Can you get a payday loan with out a bank account?
Actually it is not easy to get apply for a payday loan without having a bank account. It is not like any other loan where a money lender can easily assist you. However you can try consulting payday lender offices.
What is a payday lender?
A payday lender is one that will lend you a relatively small amount of cash, and in turn, charge a high interest rate. They will typically withdraw the money on a set schedule, on the day you get paid.
Can a payday lender sue you if you were not approved for the loan?
No. If you were not approved for the loan, no loan was made and therefore you don't have any responsibility to the lender.
Can a warrant be placed for your arrest if you don't pay back a payday loan in South Carolina?
no, no payday lenders can prosecute you for bad checks, they knew that you did not have the funds available when you got the loan, because it is a postdated check, I just ate up a bunch of these sharks in bankruptcy cour when they got discharged, and ther was nothing that they could do about it
Can a investigator call you about a payday loan?
Yes, if he or she is acting on the behalf of the creditor/lender.
Can you be arrested for non payment of payday loan?
No. It is a common tactic amongst unscrupulous payday lenders to make threats that they cannot enforce, and in fact, it is illegal for them to make such threats. They are well known for threatening arrest and impersonating law enforcement during collections. Often, these payday lenders are not even located inside the US. Any lender should be licensed in your state. Chances are, internet payday lenders are not licensed at all, which makes their loans unenforceable. Even if a lender is legitimate, and you default, you cannot be charged with a crime for simply failing to pay. They may try to tell you that you have violated some wire-fraud or bad-check crime, but you have not. If your state allows payday lending, then they may possibly sue you in civil court for default, just like any other lender.
Can a warrant be issued for you in the state of Florida for not repaying back all of a payday loan?
yes
