0
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.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
If you default on a payday loan in Texas can they garnish your wages?
Yes.
What happens if you do not pay your check n go installment loan?
The loan will be a default loan
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.
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.
If you default on a payday loan in Texas can they garnish your wages?
Yes.
Can you get payday loan in Georgia?
Yes you can, checkout fastcashreviews.net
What happens if you default on a online payday loan and change your account number?
Its all based on how much information you gave the online payday loan company. There collections department will start contacting any referrals you listed and probably look into garnishing your wages. You will need to look into your contract to see exactly what they can do. Visit www.getecash.com to learn more about payday loans.
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.
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.
What happens if you do not pay your check n go installment loan?
The loan will be a default loan
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.
What happens on a no fax payday?
A no fax, or faxless payday loan is just a faster way to get your loan. Of you are running on a tight time frame, a faxless loan will save you time as there is no need to be running around faxing paperwork.
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.
