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Can you go to jail in Texas for defaulting on your car loan?

Ross Pratt

in Student Loans

1 answer

1 answer

Eric Morgan on March 15, 2018

Certainly not. The country does not have "debtors prisons" more so the worst thing that can happen is that you can get a judgment against you and you can have a part of your wagis taken or "adorned" by the lender until the debt is paid in full. You can potentially go to prison for lying or committing fraud if in applying for the loan you gave false or misleading information about your creditworthiness or other information that led the lender to approve their loan when they otherwise would not have.

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