You cannot be arrested anywhere in the United States for failing to pay a debt (other than taxes or legal fines, perhaps). If you have committed some other crime in conjunction with accruing that debt, then you could be charged for that. For example, fraud or intent to commit fraud by taking out a payday loan under a false name or writing a bad check to pay back the loan.
No.
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.
Check your state laws. The attorney generals office should be able to give you information. Some states have made payday lending illegal. If your state allows payday lending, then they may be able to sue you in court for default, but they cannot threaten you.
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.
No, but you can be taken to court and have late fees applied to the balance.
No.
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.
You can not be arrested for not paying your loans off!! They may threaten you with it, but just keep telling yourself that they can't do it! I have gotten myself in the payday loan mess many times, and I have a total of about 8 loans out there, and they can't do a thing besides makie your bank account go negative and possibally put it on your credit, but that is about it! DON"T WORRY ANNONYMOUS
Providing you have eating mcdonalds filet o fish you cant be arrested in the state of Minneappolis.
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.
Check your state laws. The attorney generals office should be able to give you information. Some states have made payday lending illegal. If your state allows payday lending, then they may be able to sue you in court for default, but they cannot threaten you.
A person cannot be arrested and charged in the state of Arizona for an unpaid online Payday Loan from the year of 2009. A person may either be sued or their wages may be garnished.
No, but you can be taken to court and have late fees applied to the balance.
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.
No, but it will more than likely raise the the amount you have to payback due to penalties and late fees. It will also put a bad mark on your credit score. My concern would be greater though as most Payday loan places hold a personal check as collateral which they cash if you default on your loan. If there is not enough money to cover that check, then the check will bounce. And bouncing a check or writing a "hot check" is a crime in Texas if the person reports it as such.
You need to check your state laws. Some states have made payday lending illegal. At most, if your state allows payday loans, then you could be sued civilly for default. They cannot arrest you or make threats of such. Your state attorney generals office or financial regulator could help you find out the legality in your state. Be wary of payday loan consolidations. They can be shady. Check them out first with the BBB and see what they say about them. Often, payday lenders will still try to collect from you even if you do get consolidation help.
This is a common empty-handed threat made by payday lenders. The cannot have you arrested for a payday loan, or any loan for that matter. A loan default is a civil matter, not a criminal matter. They are violating the law by telling you that you can be arrested. Payday lenders make all kinds of threats in an attempt to scare you into paying them. Scammers have also caught on to this, and they will make the same types of threats, when in fact you may not actually owe anything at all. File a complaint with FTC.gov and your State Financial Regulatory Agency. Borrowing money online and defaulting does not equal wire-fraud, although they love to tell you that it does. Think about it, if you really broke the law and were about to be arrested, would they call and warn you first? Absolutely not.