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.




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?

Sub: #1 posted on Fri, 04/18/2008 - 09:22

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

Sub: #2 posted on Fri, 04/18/2008 - 09:24

Frogpatch Frogpatch
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(Posts: 5381 | Credits: 652.49)

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!

Sub: #3 posted on Fri, 04/18/2008 - 09:48

SUEBEEHONEY70 SUEBEEHONEY70
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what about in california

Sub: #4 posted on Fri, 04/18/2008 - 14:36

jelly97 jelly97

(Posts: 33 | Credits: 9.41)

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.

Sub: #5 posted on Fri, 04/18/2008 - 15:13

SUEBEEHONEY70 SUEBEEHONEY70
Moderators
(Posts: 4590 | Credits: 654.64)

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?

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

sdchargers_63 sdchargers_63

(Posts: 1798 | Credits: 179.17)

what about FL?? and online pdl's?

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

Unregistered


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

Sub: #8 posted on Tue, 04/29/2008 - 04:13

kashzan kashzan

(Posts: 5401 | Credits: 408.3)

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

Sub: #9 posted on Tue, 05/20/2008 - 10:42

Unregistered


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.

Sub: #10 posted on Tue, 05/20/2008 - 10:46

Frogpatch Frogpatch
Moderators Cum Industry Expert
(Posts: 5381 | Credits: 652.49)

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