Both Yes and No, Depending upon the country and state you live in... see related link for details
How long does it take for credit score to go up in rating after paying off debt?
This is a sliding system where paying off a small debt means little and paying of a large debt for a person with a bad score would mean a bunch.
In the United States you cannot be put in jail for owing a debt. You may however have your wages garnished by the court.
Typically classes regarding paying off credit card debt are offered by community based organizations. The best bet for paying off credit card debt is to go see a credit couselor.
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!
How long does it take for credit score to go up in rating after paying off debt?
This is a sliding system where paying off a small debt means little and paying of a large debt for a person with a bad score would mean a bunch.
They may go to jail for not paying any debt.
In the United States you cannot be put in jail for owing a debt. You may however have your wages garnished by the court.
No. They can not put you in jail for not paying your bills (unless you committed some type of fraud perhaps).
Typically classes regarding paying off credit card debt are offered by community based organizations. The best bet for paying off credit card debt is to go see a credit couselor.
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!
I'm positive that not paying for something counts as stealing, and could get you in jail.
yes
Get a lawyer. Fast. If you paid, you shouldn't have to go to jail.
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.
no