okay she owes multiple cash advance places and shes wrote 3 bad checks and they reported her to telecheck. she doesnt know how shes gonna pay them will she go to jail for this???
2007-11-24 10:55:25 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
She won't go to jail for owing the cash advance places, but could go to jail for writing the bad checks.
2007-11-24 11:22:27 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
Depending on where she lives, the bad checks can land her in jail. If they are turned over to the district attorney, and are above a certain amount, a warrant will be issued for her arrest.
She needs to contact telecheck and pay them as soon as possible.
This will later affect her ability to get bank accounts (checking and savings). The debts to the cash advance places will negatively affect her credit score.
2007-11-25 14:25:22 · answer #2 · answered by Seeking 5 · 0⤊ 0⤋
She won't go to jail, but she has to pay her debt and her overdraft. Writing the bad checks could be considered fraud but unless they were large they won't file criminal charges. If she doesn't pay them the money she took that wasn't hers they will report her to check systems so she will have trouble getting bank accounts.
She needs to figure out how she is going to pay them. She should have known how she was going to pay her debts before she created them.
I hope she is young so she has time to recover before she has responsibilities like a house and family and retirement to save for. If she is under 22 she can still go on to have a decent life if she learns from this.
Making a bad mistake young sometimes is a good thing if it is learned from. Don't loan her money so she has a chance to benefit from this.
If you must do something buy her a personal finance book as a gift. David Ramsey is good for people who have debt.
2007-11-24 11:03:25 · answer #3 · answered by shipwreck 7 · 0⤊ 0⤋
she won't go to jail but her credit will be shot and they can sieze all of her assets all the way to the shirt on her back if they wanted to...unless it was MOB cash advanced them shes pretty much dead...
2007-11-24 11:03:20 · answer #4 · answered by shanetheclassic 2 · 0⤊ 1⤋
I have found plenty of help for this same problem at http://www.CreditCardHelpDesk.com
The site was packed with info that might help your cousin.
2007-11-24 11:03:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
her credit rating will drop significantly
she will not go to jail
yet she has to pay the sum
one day or another =)
2007-11-24 12:02:45 · answer #6 · answered by Anonymous · 0⤊ 0⤋