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Can you go to jail for a felony if you do not pay your payday loan?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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Can you go to jail for not paying back a payday loan?
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.
In the state on California can you get jail time for not paying back a online 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
What are the names of some of the popular Payday Loan companies?
There are several loan companies that offer a payday type of loan. For example, Wonga, Pay Day UK and Pay Day Ninja are all offering a payday loan service.
Can you pay a payday loan with a credit card?
Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.
What can happen if you dont pay a payday loan in texas?
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.
What happens if you don't pay back a payday loan in louisville Kentucky can you serve jail time for this?
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 you go to jail for not paying back a payday loan?
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.
In the state on California can you get jail time for not paying back a online 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
What are the names of some of the popular Payday Loan companies?
There are several loan companies that offer a payday type of loan. For example, Wonga, Pay Day UK and Pay Day Ninja are all offering a payday loan service.
Can be charged with a felony if i don't pay off my payday loans?
No, but your credit will be ruined and the loan company can garnish wages, take tax refunds, and get into your bank account.
Can you pay a payday loan with a credit card?
Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.
What can happen if you dont pay a payday loan in texas?
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.
Is it true that after 6 payday loans you have paid the loan in fees and the company won't bother you?
absolutely not. You have to pay the loan to pay the loan.
How do you Get a payday loan unemployed and bad credit?
You can't get a payday loan without a payday. The loan is made as an advance on your next payroll check. If you are unemployed they have nothing to lend on and have no reason to believe you have the means to pay it back.
When would getting a payday loan be a good idea?
A payday loan maybe a good idea if you can pay the money back as soon as you get your pay check. Also you can avoid late fees from paying bills late, so if the interest from the payday loan is less than the fee of paying the bills late, the payday loan would be a good idea.
Can i get a payday loan with a prepay debitcard?
Yes, you can pay this way.
Can you get a payday loan with a money network pay card?
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