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Can you go to jail for a felony if you do not pay your payday loan?

Curtis Rhodes

in Student Loans

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1 answer

Ramon Kelly on February 25, 2019

No and payday lenders are prohibited by law to tell you that. It is a civil matter, the same as if you could not pay a credit card. Payday lenders are known for making threats to arrest him, etc, they Are violating the Fair debt Collection Practices Act (FDCPA), when they do this. Some states have made payday loans illegal. Check with your attorney generals office or financial regulator about this. On a side note, if you went to a store front location and actually wrote a check, then they will be able to keep the charges to a check. Internet payday loans can't do this, how to get a loan on-line is not the same as writing a check.

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