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.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.

Write Your Answer

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Full HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 2 and 1


Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV


Page loaded in 0.592 seconds.