can you go to jail for not paying loans

can you go to jail for not paying loans

6 Answers

My loan is $200 and I had forgotten to pay on it. My mom has been in and out of the hospital due to her seizures and I had to let go of my job that I really like,but my mom needed me more. Now these people keep calling me out of Rochester,New York saying they going to issue a warrant for my arrest on bank fraud,online fraud and employment fraud. I even forgot what the name of the loan place I got the loan from,I guess my question is can they do that,can they throw me in jail for that and issue a warrant for my arrest?


My loan is $200 and I had forgotten to pay on it. My mom has been in and out of the hospital due to her seizures and I had to let go of my job that I really like,but my mom needed me more. Now these people keep calling me out of Rochester,New York saying they going to issue a warrant for my arrest on bank fraud,online fraud and employment fraud. I even forgot what the name of the loan place I got the loan from,I guess my question is can they do that,can they throw me in jail for that and issue a warrant for my arrest?


Good to know... I\'m grabbing a 15k personal loan and heading to France, the U.S. is collapsing in on itself and I\'m out!!


It is a myth. You can never go to a jail for non-repayment of debts.


Non-payment of debt is not a criminal offense. It’s a civil case. So you can never go to jail for that. Your lender can file a lawsuit against you if you don’t payback your debt. Once the court issues a judgment against you, then they can garnish your wages or place a lien on your property.


No.  There is no debtors' prison.  Defaulting on a loan is a civil matter, not a criminal one.  You can be sued.  You cannot be sent to jail.

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