answersLogoWhite

0


Best Answer

If you defaulted on a payday loan, that is not a criminal offense. It is a civil matter, just like not making the payments on a credit card. Lenders and collectors are prohibited from making threats to file criminal charges or have you arrested. Payday lenders can be notorious for this, but they are just trying to scare you into paying them. If your state allows payday loans, then they may be able to sue you in court for defaulting on a loan. Some states have made payday lending illegal. Check with your state attorney general or financial regulator to find out about state laws that may affect you. Also check out the Fair Debt Collection Practices Act on the FTC.gov website. This federal law governs collections, and actually entitles you to sue the creditor for violations. You may also want to consult a consumer rights attorney. If you're in Texas, check out Budd Hibbs website about this.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can a payday loan company press criminal charges on you?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can a payday loan company press criminal charges against you if you did not close your bank account?

No, only a prosecutor of the court may bring a criminal case against anyone. Criminal charges are brought as a result of illegal behavior, not defaulting on a loan. If the default, however, is subsequently believed to be related to fraud, criminal charges may be brought by a prosecutor. A payday loan company will use EFT to debit your bank account for the amount that is owed on the loan. When they cannot debit the account, they will try multiple times over subsequent days, then they will begin collection processes.


Can banks press criminal charges on past overraft fees?

you should press criminal charges against them for their extortionate fees, and its a civil matter rather than criminal.


How do you press blackmail charges?

Private individuals do not make or press criminal charges. Report the crime to the police. The police and the prosecuting attorneys will determine whether or not to file criminal charges.


Your ex took pictures of you naked with his camera and now is sending them to people on Facebook What can you do?

You should contact the authorities, and press criminal charges.You should contact the authorities, and press criminal charges.You should contact the authorities, and press criminal charges.You should contact the authorities, and press criminal charges.


Can payday lenders press civil charges?

Payday lenders may be able to file a lawsuit against you for default. That's about it. You need to find out whether payday loans are legal in your state. Some states have made them illegal, therefore unenforceable in court. Your attorney general or financial regulation agency could help you with that. If they do sue you, it's no worse than being sued for any other type of loan. Don't fall for the lies that they can press criminal charges, etc. They can't.


Where do you go to press charges?

To press criminal charges against someone, go to the police station that is closest to where the criminal act occurred. This question is filed under "civil" cases. Charges are not "pressed" in civil matters.


How do you press charges for a stolen vehicle?

Private individuals do not make or "press" criminal charges. The prosecuting attorneys must file the criminal charge. You can start the process by reporting the crime to the police and by agreeing to cooperate with the prosecution.


Can the state or district attorney pick up charges if the person refuses to press them?

Criminal charges are not pressed by an individual, they are always pursued by the state. Only the state or district attorney can press charges.


Can you press charges on someone that carved their name on to the wood of your house?

Individuals cannot make or press criminal charges. Carving on your home is an act of vandalism and civilly actionable. Contact the police if you would like them to initiate a criminal investigation.


Can a person press charges for fighting?

It depends on the fight. If someone got hurt to an extent the victim could press charges. Yes they can the person who pops it off (first to punch) can get lock up ps.you can press charges on a lot of stuff


Can you press criminal charges if you did not choose to at the scene Texas?

A citizen may file a COMPLAINT, which will be investigated by law enforcement. Individual citizens cannot "press charges." Only the prosecutor can file charges against someone.


Can a parent press charges for contributing to to the delinquency of a minor in Ohio?

A parent can press charges for contributing to the delinquency of a minor in Ohio. Criminal charges can be filed for the crime, and civil charges can be done for any injuries that may have occurred to the minor child.