I have a friend whose friend called saying she had a warrant and they were picking her up at 5 pm, because of her defaulting on a loan.
I was like wtf? Are you crazy thats stupid, and why would they tell you that you had a warrant? (so you could run?)
2006-10-20 04:47:55 · 10 answers · asked by joulesofaffection 3 in Politics & Government ➔ Law & Ethics
You all thought what I thought, but my friend is still sticking with what his friend said. I think they are both full of ****, Personally. I just don't know why his best friend would lie...... or not tell him if she did do something else wrong.
2006-10-20 17:24:21 · update #1
YOU CAN IF ITS GONE TO COURT SAY A FINE AND YOU STILL HAVE NOT PAID IT BUT NOT FOR A SAY PERSONAL LOAN NO WAY.
2006-10-20 04:50:41 · answer #1 · answered by tonyinspain 5 · 0⤊ 1⤋
You have some good answers already.
Nobody in America goes to jail simply for defaulting on a loan. You can be forced into court to answer for a lien against your property or for bankruptcy and then, if you refuse a court order, there can be a warrant for your contempt of court.
Either there was a contempt charge, or as was suggested, the records search found another unrelated charge with an outstanding warrant.
2006-10-20 12:14:53 · answer #2 · answered by rac 7 · 0⤊ 0⤋
never heard of that. Something either got mixed up in the translation, or when they defaulted and were checked out there was a standing warrant out for them and that's how they found out was when the loan was defauled upon. In any case, no you don't get put in jail for defaulting on a loan. Sounds like a good excuse maybe somebody made up, but, before you believe it, wait for the outcome and see exactly what happened.
2006-10-20 11:52:05 · answer #3 · answered by sophieb 7 · 0⤊ 0⤋
No warrant would be issued in this case in the first place. In the second if you default on a loan you may go to court but not to jail. We dont have debtors prison in the US.
2006-10-20 12:00:35 · answer #4 · answered by elaeblue 7 · 0⤊ 0⤋
A court can instruct bailiffs to enter her property and cease assets. However, in UK courts do not arrest people for default unless fraud was involved or a court order has been broken. Generally arrangements are made so that the debt is paid at a rate agreed between parties involved.
2006-10-20 11:54:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You can not be put in jail for defaulting on a loan. For fraud, yes. It sounds more like a very bad joke someone is doing. We did away with debtors prison long ago.
2006-10-20 11:52:11 · answer #6 · answered by celticwarrior7758 4 · 1⤊ 0⤋
Not in the U.S. They can come and seize assets with a valid warrant. If you aren't home, I don't think they can break in. Some assets are not subject to collection, such as clothing. Typically it will say which of these assets are subject to protection on the warrant itself.
2006-10-20 12:00:55 · answer #7 · answered by Tara P 5 · 0⤊ 0⤋
no the law do not put people in jail for not having money to pay their loan but u must answer them when u received any lawyer letters
2006-10-20 12:18:49 · answer #8 · answered by kimht 6 · 0⤊ 0⤋
We don't have debtors prisons in America. Yet. I suspect that if we keep voting Republican, that'll be the next step after our recent bankruptcy protection reduction.
2006-10-20 11:51:32 · answer #9 · answered by imnogeniusbutt 4 · 0⤊ 3⤋
no
2006-10-20 11:55:57 · answer #10 · answered by Anonymous · 0⤊ 0⤋