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If you default on a payday loan can they sue you with the District Attorney?
Wiki User
∙ 12y ago
No. The District Attorney is the government official charged with enforcing laws prohibiting criminal actions. A lender may not use the District Attorney's help in recovering money it lent to someone. For that, the lender goes to civil court using its own lawyers. And don't let those lenders scare you by threatening to use the DA.
Wiki User
∙ 12y ago
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What happens if you default on a payday loan in Georgia?
Payday loans are considered illegal in the state of Georgia. However, if you default on a payday loan, the company can sue you in court. The judge will decide how a judgment will be carried out if the loan was given in Georgia illegally.
Bad check threat on payday loan in Texas?
Payday loan companies cannot issue a bad check to any county in Texas. The District Attorney's office considers them to be a line of credit. The collection agency will try to scare you into believing that! Payday loan companies cannot issue a bad check to any county in Texas. The District Attorney's office considers them to be a line of credit. The collection agency will try to scare you into believing that!
If you default on a payday loan in Texas can they garnish your wages?
Yes.
Should you get a payday loan?
A payday loan or quick loan should be your last resort because of their high interest rates. You will pay a lot of interest and lose a lot of money if you use them frequently and especially never default on a quick loan because of the fees.
Default on payday loan in Arkansas?
They can place a lien against your assets. Or they can garnish your paycheck, they are going to get their money back.
What information do you need to present to get a same day payday loan?
You will need to present a valid identification card (passport or drivers license) and a valid pay stub and checking account statement. This is to ensure you will not default on your payday loan.
Is it a felony if you banking account closes on a payday loan in Indiana?
It's not even a misdemeanor to default on a payday loan. Payday loans are governed by law as any other loan. They cannot file criminal charges. At most, they can sue you, if your state allows payday lending. Some states have made payday lending illegal. Research the Fair Debt Collection Practices Act (FDCPA). This will tell you what collectors can and cannot do by law.
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.
If you default on a payday loan in Texas can you go to Jail?
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.
Can you get a payday loan at another payday loan place if you have a cash advance payday loan out right now?
Yes it is possible to attain a payday loan from another payday lender if you already have a cash advance payday loan. Since the loan is for a temporary period, it is not an issue if you have another loan. Also, there are no credit checks and so the process of attaining such kind of a loan is easy and hassle-free
Can you get a Payday loan with the emerald card?
can i get a payday loan with a pre existing loan on my emerald card
What exactly is payday advance?
Payday advaced is a small loan company that will loan you money until your payday. Usually they set it up to where the money they loan you comes out of your payday check.
