Can I get free legal help concerning a loan default?
How can I find a good payday loan?
How can you make a check stub to get a payday loan?
How do I get a loan against the equity in my home.
How do you go about getting rid of payday loans?
If I file for bankruptcy do I include payday loans?
What can you tell me about PayDay Loan collections? What are they allowed to do?
You will not go to jail for defaulting on a loan. The lender's recourse is to sue you in civil court to recover the money.
No. The days of going to jail for loan default are long in our past. You can, however, have a lien placed on your belongings, or a negative credit report.
A payday loan default would be a civil not a criminal matter. The only way you could go to prison would be if the loan was obtained fraudulently.
You cannot go to jail for defaulting on a loan. It is actually a violation of federal law for creditors to even threaten people with imprisonment. Creditors can sue you, seize your property or garnish your wages, but they cannot send you to jail.
No, you cannot go to jail for a payday loan default. If they are threatening you with jail for not paying, that is extortion and is illegal. If you do not pay, however, they can sue you for the debt.
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