CAN SOMEONE FILE CRIMINAL CHARGES IF YOU OWE FOR A PAYDAY LOAN
2006-08-21 07:58:51 · 13 answers · asked by bws2515 1 in Business & Finance ➔ Personal Finance
No, they are just trying to scare you. But they can sue you.
2006-08-21 08:04:21 · answer #1 · answered by ? 6 · 0⤊ 0⤋
Yes, I think. Better see with a lawyer or other payday loans cies.
2006-08-21 08:53:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, it is not a criminal matter, but a civil matter. And, they can sue in small claims court. Or, as others have said give you a poor credit rating. They also have every right to call you, mail you, and make attempts to recover what you owe.
2006-08-21 08:08:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No. Only a criminal matter if the loan was obtained using false information or false documentation.
2006-08-21 08:06:20 · answer #4 · answered by prinsin99 3 · 0⤊ 0⤋
No, but they can file a civil lawsuit. Try paying back your loans, and this wouldn't happen.
2006-08-21 08:06:53 · answer #5 · answered by Duende71 2 · 0⤊ 0⤋
no, not criminal charges
depending on what state you live in will determine what actions they can take against you
regardless, they have to get a court order to levy your account (if the state allows such actions) or to garnish your wages (again, if the state allows the action)
the main problem is it goes against your credit report
2006-08-21 08:06:58 · answer #6 · answered by Goddess T 6 · 0⤊ 0⤋
PAYDAY LOANS ARE ONLY FOR LOSERS WHO DO NOT HAVE GOOD CREDIT AND A GREAT CREDIT RATING AND A GOOD RELATIONSHIP WITH THEIR BANK . sTTAY AWAY FROM THEM TOTALLY .
2006-08-21 10:22:10 · answer #7 · answered by Anonymous · 0⤊ 1⤋
No but they can sue you and charge you hefty interest rates and fees. If they win they can garnish your paycheck!
2006-08-21 08:04:58 · answer #8 · answered by ? 3 · 0⤊ 0⤋
it depends a lot on the amount financed - sometimes it can be a misdemeanor, sometimes a felony - also depends on what state you live in if it is a crime - f.y.i.: passing bad check is crime everywhere
2006-08-21 08:05:04 · answer #9 · answered by oregontimmy41 3 · 0⤊ 0⤋
nah, but your cresit could get really messed up if you don't pay it and bad credit sucks (from someone who has been there)
2006-08-21 08:05:14 · answer #10 · answered by manza 2 · 0⤊ 0⤋