I currently owe about 8 - 10 k in debt and i am currently unemployed for the last 4 months. If i cant pay it until i find a job can they sew me or put me in jail? Any answere willl be great. Thank you.
2007-07-20 13:15:56 · 10 answers · asked by Messi1982 1 in Business & Finance ➔ Credit
If you are in arrears with child support , yes.!!!
2007-07-20 13:42:58 · answer #1 · answered by wahini on shore 3 · 0⤊ 1⤋
sure, there are somewhat some those that have been given over their head with mastercard debt and could't get out of it anymore. If all they had to pay back became the money they owed... life may be ok.. no vast deal. yet they could desire to pay back vital and activity and the activity charged on maximum debt can strengthen into astronomical. you are able to actual pay back $8000 for a $2000 charge you made on your mastercard. persons have scientific expenses that are way too lots. might you recommend that a parent says we gained't arise with the money for an operation that their new child desires? i do no longer think of so... now who's to pay for those scientific expenses? coverage firms? optimistic, in case you have coverage and whether you do, the coverage firms are interior the enterprise of arising funds and in many circumstances discover strategies to get out of paying. And all of those people could desire to pass to detention center because of the fact they could't pay their debt? you will deliver the unemployed, those with scientific expenses and those that misplaced their job to a debt detention center? are not you going to ask your self while it particularly is going to likely be your turn? All it takes is a vehicle twist of destiny or a affliction which you would be able to no longer ward off.. a job loss, a mastercard business enterprise that expenditures 30% activity, a house fee you are able to no longer arise with the money for anymore considering which you do no longer make adequate funds considering which you misplaced the coolest paying job... while will you pass to debt detention center?
2016-10-09 03:41:44 · answer #2 · answered by ? 4 · 0⤊ 0⤋
No, they won't put you in jail for not being able to pay your debts. Debtor's prisons are something of the far distant past. Interest will accumulate though, so you'll have more to pay off when you get back on your feet. Talk to the places you owe, they might be willing to cut the interest down some.
Good luck.
2007-07-20 13:22:39 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
I can bet on one thing, they wont sew you? I mean your not a piece of material are you? Sorry I could,nt resist. Anyway yes they can sue you to collect any money owed, they can garnish your wage,s, they can even garnish un-employment benefits, or even if you have any money coming your way from income tax, any-thing with your name,your social security number, whatever it take,s to collect money you owe they will take, and rightfully so, I mean if you owe money, pay up! But jail time no way! not unless you owe the IRS a large amount of money, or if you owe back child support. Hope I was helpful.
2007-07-20 13:56:35 · answer #4 · answered by penelope 5 · 0⤊ 0⤋
No you cant go to jail for unpaid debt unless its a legal payment. But what could happen eventually is the credit collector could take you to court to get their money in which case you can set up a payment plan. But they don't take you to court and you don't pay off the debt for a certain amount of years the debt becomes a "Charge Off" and it affects your credit.
2007-07-20 13:24:42 · answer #5 · answered by Rick 2 · 1⤊ 0⤋
well who do u owe? If its credit cards or like magazine bills or something small like that no i doubt it but like if u got a home business like avon and u owe money back then yes u need to pay it back. if u want contact me or whatever and let me know what u cant pay and i can tell u if they will take u to court or not
2007-07-20 13:24:03 · answer #6 · answered by sara 2 · 0⤊ 0⤋
It all depends on the debt...if you owe taxes or child support, then yes, they can throw you in jail. But if your piling up typical debt....credit cards, loans, etc...then no, they cannot throw you in jail.
Maybe you should consider filing bankruptcy. It would get your creditors off your back.
2007-07-20 13:49:36 · answer #7 · answered by Madre 5 · 0⤊ 1⤋
I doubt they would put you in jail, did you think about bankruptcy? They will send it to a collection agency and it will screw up your credit. If they put everyone who didnt pay their bills in jail there wouldnt be many free people in the world.
2007-07-20 13:25:04 · answer #8 · answered by chris k 4 · 0⤊ 0⤋
Supplement your income. Jennifer
2007-07-20 18:05:10 · answer #9 · answered by Jennifer 6 · 1⤊ 0⤋
No. Debtor's prisons went out a long time ago.
2007-07-20 13:22:28 · answer #10 · answered by Anonymous · 0⤊ 0⤋