answersLogoWhite

0

Certainly! Here's why ... when a person gets an advance on their weekly paycheck from one of these outfits, they sign an agreement that they will repay the payday loan place the entire amount, plus interest, when they get paid. If the person defaults on that payment, they have breached a written contract that is legally binding. The payday place is out the money and wants it back ... you had use of their money while you had no money, now it's time to pay it back or face the consequences ... in this case, being sued and or arrested.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

Can you be arrested for not paying a payday loan back in the state of Wisconsin?

No.


Can the money store in valley Alabama have me arrested for non payment of a payday loan?

Yes


Can you be arrested and charged in Arizona for an unpaid online Payday Loan from 2009?

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.


Can you be arrested in Texas for stop payment on a payday loan check?

No you cannot be arrested; but some financial institutions will not place stop payments on payday loan items. Some banks do not place stop payments because the financial institution would be interfering with a legal contract that you signed that allows the pay day loan company to debit your account.


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 arrested for not paying back a payday loan in the state of South Dakota?

No, but you can be taken to court and have late fees applied to the balance.


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.


Can you be arrested in the state of Minnesota for a payday loan you took out 5 years ago?

In Minnesota, a payday loan is a civil matter, not a criminal one. You cannot be arrested for failing to pay it back. However, the lender may pursue legal action to collect the debt through civil court.


Who is Payday Loans?

payday loan yes was a payday loan company that was bought out by Spotya there now at http://www.Spotya.com


A payday loan rep is threatening to have a judge issue a warrant for my arrest based on the fact that a payday loan that is unpaid was obtained via internet-they call it internet fraud.?

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.


Can you get a payday loan on your tax refund?

Yes, it will be helpful in getting you an instant payday loan.


How do you apply for cash until payday?

A cash till payday loan can get you fast money by advancing your next payday to the day you apply. Then your cash till payday loan get you the cash till payday ...