Can i go to jail if i dont pay back a payday loan?

Can i go to jail if i dont pay back a payday loan?

Postby laban » Thu May 05, 2011 7:56 pm

I live in TN andd i own 55 dollars to a payday loan. can i go to jail?
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Can i go to jail if i dont pay back a payday loan?

Postby placido » Thu May 05, 2011 7:58 pm

each state is different in my cases ive had several in Delaware and even a title loan back in 2000ish and then in florida i had one for like $500 in 2006-2010 cant remember exactlly when but anyway i havent been to jail for them they were sent to collection agencys then the ones in De were written off i think Good Luck but i dont think u can get arrested unless they think its theft then youd go to court and pay fines example like you write a check to a store and dont have the money to cover it then they file papers with court then you would have to pay a larger fine ex i wrote a bad check at a grocery store for $76.00 and forgot about it b4 2 late went to court now i have to pay $5000.00 fine plus court cost etc Sorry so long hope this helps i dont see payday loan stressing over 55
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Can i go to jail if i dont pay back a payday loan?

Postby tylere » Thu May 05, 2011 8:00 pm

No... you can not go to jail over money owed.

They will harass you, threaten with god knows what actions but actually they can not do anything other than cash the check they made you give them when you got this loan and raid your bank account.

Edit: Writing bad checks on purpose is not the same... this action can get you thrown in jail because you knowingly defrauded somebody when you write a bad check.
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Can i go to jail if i dont pay back a payday loan?

Postby pavitra84 » Thu May 05, 2011 8:01 pm

No... you can not go to jail over money owed.

They will harass you, threaten with god knows what actions but actually they can not do anything other than cash the check they made you give them when you got this loan and raid your bank account.

Edit: Writing bad checks on purpose is not the same... this action can get you thrown in jail because you knowingly defrauded somebody when you write a bad check.
Nope. Not in your case. $55 is just too small an amount for the payday loan company to actively pursue.
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Can i go to jail if i dont pay back a payday loan?

Postby graeme23 » Thu May 05, 2011 8:04 pm

No, you only go to jail for criminal offenses (stealing, murder, etc.). A loan is a civil matter.
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Can i go to jail if i dont pay back a payday loan?

Postby danladi » Thu May 05, 2011 8:06 pm

No, you will not go to jail. But, if your payday loan is only $55, find a way to pay it back! That is such a tiny amount to screw up over. If you don't pay it, the fines, fees and interest they will tack on will bloat that $55 up to 10x that amount! Also, remember, when you take out a payday loan, you usually either write a check or give them direct access to your bank account. When the date for your loan comes to be paid and you don't pay, they will deposit or try to debit your account for what you owe. If you don't have that money in your account, you are going to get a NSF fee from your bank (about $35) and, the payday lender might assess you a fee for bouncing the payment too! So, now, that $55 has grown possibly another $70! The payday lender will resubmit the check or debit the next day if it bounces the first and if you still have no money to cover it (which you probably won't since you are now in the hole for $70 at least) your account will be assessed another $35 and the payday lender will charge $35..!!! See how fast that can grow? Now, instead of owing only $55, you would owe close to $200!! Is it really worth it for a measely $55 loan?
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Can i go to jail if i dont pay back a payday loan?

Postby ricard68 » Thu May 05, 2011 8:08 pm

Not typically. Although pay day lenders can be sneaky.
Here are a few ways that lenders may attempt to send Johnny Law looking for you:

1. You committed fraud. If the check you wrote belonged to another or was counterfeited.
2. You committed theft by deception. This happens when you write a check on an account that was already closed or closed the account yourself soon after writing the post-dated check. In some cases, it can apply when you order a stop payment on the check.
3. You ignore requests to appear in court. This is by far the most common method used. If you get an order to show in court, SHOW. If you don't, not only will you lose by default but the company will request a date for an order for you to show cause. If you're a no show for this as well, the judge will ask if the company would like a bench warrant issued. If they say yes, the police will come to your home or place of work, hand cuff you and take you to jail. This IS NOT for the debt, but for your disrespect of our judicial system and ignoring you order to appear in court.

My advice, pay the $55.
Most company's are VERY easy to work with, if your broke, bring in $5 and tell them it's all you have and you'll be in again in a couple weeks.
They may still pursue it legally, but if you can tell the judge you've been doing all you can and your even making payments, it'll go far.
A little hint for you, judges generally hate pay day lenders.
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Can i go to jail if i dont pay back a payday loan?

Postby clancy88 » Thu May 05, 2011 8:11 pm

Yup. Better pay them now
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