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Can a warrant be sent out for your arrest for not paying a payday loan?

No, you can not be arrested for failing to pay your loan. The most they can do is file a small claim suit against you for the amount owed including the contract interest rate. You will be served court papers and can appear in court only if you wish to deny the claim or participate in court mandated mediation. This might be helpful if you wish to set up a payment plan and the rep. from the payday loan accepts the terms. It will cost you to file an answer ( about 75.00). You definitly want to appear if you question the amount owed! Some judges are sympathetic to you as the debtor as far as the very high interest rates and might be willing to cute some of that interest on your behalf. If you dont appear, the payday loan company will be awarded the court cost, prevailing party fee and any attorney fees that are applicable. They will then attempt to garnish you if you have not set up a repayment plan. DO NOT ALLOW THEM TO THREATEN ARREST, THIS IS VIOLATION OF YOUR FDCPA RIGHTS AND YOU CAN SUE THEM FOR THE VIOLATION OR AT LEAST REPORT THEM FOR THE VIOLATION! GET THE NAME OF THE PERSON YOU SPOKE TO AND ALL PHONE/ADDRESS INFO. KEEP RECORDS OF THE CONVERSATION AND BASED ON THE STATE FEEL FREE TO RECORD THE CALL!


Do collections appear on a credit report?

Yes, collections can appear on a credit report.


Do non profitable projects contradict the goal of profit maximization of shareholder wealth?

Although it may appear as a bad idea to invest in non-profitable projects (e.g. those with a negative net present value), companies often invest in them nonetheless as a strategic move. Often times, projects that yield a loss may be used to increase value in other operations of the company. For example: Canon may be loosing money developing new low-priced printers and the project yields a negative return. However, without investing in this project, Canon would be unable to pursue the profitable project of the ink cartridges.


Will lenders allow someone to remortgage their home if the credit is bad?

There are lenders who specifically lend to borrowers with blemished credit but the homeowner will typically pay higher interest rates and fees. Borrowers should attempt to improve their credit before trying to refinance by lowering debt and clearing up any inaccuracies that may appear on their credit report.


Can credit card companies sue you if they cannot find you?

In most states a creditor can pursue a lawsuit against a person who cannot be located. The laws in the majority of states simply require that a "reasonable attempt" be made to find and serve the defendant. If the debtor/defendant is not found and/or does not appear on the scheduled hearing date, he or she will lose by default and a judgment for the creditor will be entered. The creditor may then execute the judgment against the debtor's property or assets in accordance with the state laws. In above comment, one form of "reasonable attempt"to reach you may include a simple ad in the newspaper local to your last known address.

Related Questions

What can you be in jail for?

Almost anything from failing to appear on traffic tickets to murder.


Can failing to appear in North Carolina court get you arrested in Indiana?

Yes


What is the sentence in Arkansas for failure to appear?

You can get up to 1 year in jail, and up to a $2500.00 fine for Failing to Appear in Court on a Misdemeanor offense.


The term "greenwash" describes a corporation's attempt to appear?

hi


What are the consequences of failing to appear in court and how does bail play a role in addressing this issue?

Failing to appear in court can result in a warrant for your arrest, additional charges, and a negative impact on your case. Bail is a way to address this issue by allowing individuals to be released from custody with the condition that they will appear in court as required. If someone fails to appear, the bail money may be forfeited and they may face further legal consequences.


What is neo-criticism?

A pedestrian attempt to make old complaining appear new.


Is there a law in California that states that you HAVE to pay a photo enforced ticket?

No. However, failing to pay and failing to appear in court would lead to arrest, additional fines, license suspension, or additional penalties.


What is ironic about this attempt to make Romeo appear?

The attempt to make Romeo appear dead to avoid his banishment ends up leading to his actual death. This is ironic because the plan was meant to save him, but instead it ultimately causes his demise.


Can I make a motion to reopen if my petition for change of name was dismissed due to failure to appear?

You can always make a motion to reopen. Whether or not it will be granted depends on your reasons for failing to appear.


What if I don't respond to a summons and complaint in Michigan?

If it is a subpoena to appear in court for any reason you may be held in contempt for failure to appear. If it is a summons for you to appear as a defendant in some kind of civil action you may be found liable in default for failing to appear to defend yourself.


How long can enfield CT police hold you for bench warrant?

BENCH WARRANT- "An order by the court directed to a law enforcement agency to arrest a person for disobeying a subpoena or failing to appear before the Court as ordered." So... as long as it takes for the judge/magistrate to see and sentence you for failing to appear. As long as necessary.


Does FTA warrants expire?

No they do not. Once a defendant is charged the statute of limitations is no longer relevant and failing to appear in court will not create a timeline to invoke it.