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Can you be put in jail for not paying payday loans?

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Can you be put in jail for not paying payday loans? I have too many store from payday loans and I cannot keep up with them unless I take out more payday loans or use this debt consolidation service. I am worried that these payday loan stores will press criminal charges on me. I have 5 outstanding loans with store front payday loans. I have every intention of paying them back I just cannot make the payments that they are asking for.




Shazzers


Posts: 17419
Credits: 159278.85

Sub: #1 Hello and welcome to the forum. We need a little bit more inform
Fri, 04/18/2008 - 09:22

Hello and welcome to the forum. We need a little bit more information in order to help you.
State you are in
Names of pdl's comapanies
Amount borrowed
Amount paid back

Have you defaulted on all of these loans?




Frogpatch


Posts: 5385
Credits: 65249.255519088

Sub: #2 No you can't be arrested unless you deliberately committed fraud
Fri, 04/18/2008 - 09:24

No you can't be arrested unless you deliberately committed fraud. I am deleting your duplicate post to avoid confusion




SUEBEEHONEY70

Posts: 4590
Credits: 65464.3

Sub: #3 xtina - you can't be arrested for defaulting on a payday loa
Fri, 04/18/2008 - 09:48

xtina -

you can't be arrested for defaulting on a payday loan, but depending on the state you are in, the legal lenders can very definitely take you to court over the defaulted loan.

Talk to the lenders and tell them you got in over your head, and see if you can work out a better repayment plan with them.

Please post the information that Shazzers requested, and we'll do our best to help you out!




jelly97
Posts: 33
Credits: 940.9

Sub: #4 what about in california
Fri, 04/18/2008 - 14:36

what about in california




SUEBEEHONEY70

Posts: 4590
Credits: 65464.3

Sub: #5 Here is the Payday loan laws for California (just select your st
Fri, 04/18/2008 - 15:13

Here is the Payday loan laws for California (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-p dls-laws.html

What this means is that no criminal action can be taken against you if you default on a PDL in California - HOWEVER....if the PDL company is operating legally in California, you CAN be taken to court if you default and fail to make payment arrangements.




sdchargers_63
Debt Samaritan
Posts: 1798
Credits: 17917.45

Sub: #6 pdl
Sat, 04/19/2008 - 02:26

Ok...If a PDL IS legal, in the state where you reside, and they DO take you to court, can they LEGALLY sue for all the % they charge?




Unregistered

Sub: #7 pdl
Tue, 04/29/2008 - 01:10

what about FL?? and online pdl's?




kashzan
Posts: 5401
Credits: 40830.4

Sub: #8 Here are the laws for Florida. Please list the lenders you have,
Tue, 04/29/2008 - 04:13

Here are the laws for Florida. Please list the lenders you have, how much borrowed, how much paid back and if they are store front or internet. We can help you here.



Online Resources:
Deferred Presentment Providers Information Page




Unregistered

Sub: #9 what about online payday loans in TN
Tue, 05/20/2008 - 10:42

What about online payday loans in TN? Can they put me in jail for not repaying a payday loan from over 2 years ago?




Frogpatch


Posts: 5385
Credits: 65249.255519088

Sub: #10 The laws posted above for Florida pertain only to the Storefront
Tue, 05/20/2008 - 10:46

The laws posted above for Florida pertain only to the Storefronts. Internet lenders fall under the Florida Consumer Financial Act which requires all lenders to be licensed regardless of geographical location. Loans by unlicensed lenders are not collectable.




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