If u get a loan and dont pay it back can you go to jail?

If u get a loan and dont pay it back can you go to jail?

Postby bradly40 » Sat Jan 15, 2011 9:37 am

if you get a loan and you dont pay it back can they meaning the company that took a risk on you for a loan call and say that i am going to jail for fraud????
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If u get a loan and dont pay it back can you go to jail?

Postby eawart » Sat Jan 15, 2011 9:40 am

No. You can get sued and have wages garnished and liens put on property, but not jail.
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If u get a loan and dont pay it back can you go to jail?

Postby smetheleah » Sat Jan 15, 2011 9:46 am

No. You can get sued and have wages garnished and liens put on property, but not jail.
No they can't send you to jail, but can take you to court and try to get their money back.
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If u get a loan and dont pay it back can you go to jail?

Postby seton6 » Sat Jan 15, 2011 9:49 am

u don't go to jail. if that was true probably half of americans wouldve gone to jail for the subprime crisis. Your loans are chopped up into investment shares and sold at a profit or something like that; its becomes part of a big game.
If you loaned from a Mafia guy or other loan sharks, then you will lose a limb, or maybe sleep with the fishees.
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If u get a loan and dont pay it back can you go to jail?

Postby elman65 » Sat Jan 15, 2011 9:54 am

did you commit fraud when you obtained the loan? If not, there is no debtors jail. They can sue you for the balance owed. With a judgment, they will be free to recover their money within the guidelines of your state(garnishments, liens, freeze checking...)
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If u get a loan and dont pay it back can you go to jail?

Postby terrell81 » Sat Jan 15, 2011 10:00 am

did you commit fraud when you obtained the loan? If not, there is no debtors jail. They can sue you for the balance owed. With a judgment, they will be free to recover their money within the guidelines of your state(garnishments, liens, freeze checking...)
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If u get a loan and dont pay it back can you go to jail?

Postby reeve » Sat Jan 15, 2011 10:03 am

Not yet but it's a good idea
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If u get a loan and dont pay it back can you go to jail?

Postby ridpath85 » Sat Jan 15, 2011 10:07 am

There have been a several options for lending.just you have to choose depending on your purpose.Most people come up with bad credit for a loan.i don't think it is not hard to get now a days with out having fair credit score.check this is place may be a help to find solution.

url_not_allowed.bestonlineloancompanies.com

You can get approved for an online loan on same day.i advise you to pick loan from certified lenders .direct loan is the good choice so that you will get at low apr compared to different states...
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If u get a loan and dont pay it back can you go to jail?

Postby heber » Sat Jan 15, 2011 10:08 am

I had the same situation recently. Save yourself some time & click on first and forth links on www.loanssourcehelp.tk
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