After reading the comments on the discussion page:
It is VERY unfortunate you did not have them sign an agreement for the repayment! Even if you prove your case in court, if the other party has no assets against which to file a lien, you seem to be pretty much out of luck. It is EXTREMELY doubtful that the lender will let you off the hook. At this point your only option is to consult with legal counsel to determine your options under the laws of whatever state you are in.
Defaulting on a payday loan does not, in and of itself, constitute check fraud.
You can't go to jail anywhere simply for defaulting on a payday loan, anymore than you can for defaulting on a mortgage, car loan or credit card. There has to be something more, like using someone else's identity to obtain the loan, for a criminal offense to have occurred.
Just for the auto.
Imprisonment
Defaulting.
If you signed the loan documents without reading them and later learned that you were on the loan alone, there is very little you can do. Your should have read before signing. If the loan was changed after you signed the documents, someone must have forged your signature on the altered documents. Then the loan is fraudulent. You may have to involve the police and go to court, however.
Failing to pay back a loan is called defaulting on the loan.
An auto loan is a secured loan. A lien on the car helps the lessen the risk for the lender.
No.
Yes, an auto loan is no different than any other loan.The more you are willing to pay, the less time it will take to paid it off.The shorter the loan time, the less of a risk you are in defaulting on the loan.Less risk is compensated by lower rates in general.
A cosigner- someone who agreesto pay the loan if you default
Yes. Defaulting on your loans is against the law.