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Certainly! Here's why ... when a person gets an advance on their weekly paycheck from one of these outfits, they sign an agreement that they will repay the payday loan place the entire amount, plus interest, when they get paid. If the person defaults on that payment, they have breached a written contract that is legally binding. The payday place is out the money and wants it back ... you had use of their money while you had no money, now it's time to pay it back or face the consequences ... in this case, being sued and or arrested.
Wiki User
∙ 16y ago
Wiki User
∙ 9y agoYes, a pay day loan company can definitely take you to court in Texas. If you do not pay them back and on time, you will receive a notice from collections. If you still do not pay them back, you will receive a court notice.
Wiki User
∙ 15y agoYou can if you can prove it. You can, but there is a common phrase "You cannot sue a man of straw", which simply means that you cannot sue someone for something they do not have, if the person honestly doesn't have the means to repay the loan then you will get nothing from attempting to sue the.
You would also need to provide some sort of proof that a loan was actually made, although what counts is very much subject to debate amongst judges.
Wiki User
∙ 18y agoYes and they know where you bank and/or work, so collecting wouldn't be that difficult for them.
Wiki User
∙ 12y agoNo. Not having the ability to pay ones debts is not a crime.
The exception might be, if the debtor obtained the credit/monies by fraudulent means.
Wiki User
∙ 11y agoYes
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Can you be arrested for not paying a payday loan back in the state of Wisconsin?
No.
Can the money store in valley Alabama have me arrested for non payment of a payday loan?
Yes
Can you be arrested and charged in Arizona for an unpaid online Payday Loan from 2009?
A person cannot be arrested and charged in the state of Arizona for an unpaid online Payday Loan from the year of 2009. A person may either be sued or their wages may be garnished.
Can you be arrested in Texas for stop payment on a payday loan check?
No you cannot be arrested; but some financial institutions will not place stop payments on payday loan items. Some banks do not place stop payments because the financial institution would be interfering with a legal contract that you signed that allows the pay day loan company to debit your account.
Can you get a payday loan at another payday loan place if you have a cash advance payday loan out right now?
Yes it is possible to attain a payday loan from another payday lender if you already have a cash advance payday loan. Since the loan is for a temporary period, it is not an issue if you have another loan. Also, there are no credit checks and so the process of attaining such kind of a loan is easy and hassle-free
Can you get arrested for not paying back a payday loan in the state of South Dakota?
No, but you can be taken to court and have late fees applied to the balance.
Can you be arrested in the state of Minnesota for a payday loan you took out 5 years ago?
Providing you have eating mcdonalds filet o fish you cant be arrested in the state of Minneappolis.
Can you get a Payday loan with the emerald card?
can i get a payday loan with a pre existing loan on my emerald card
What exactly is payday advance?
Payday advaced is a small loan company that will loan you money until your payday. Usually they set it up to where the money they loan you comes out of your payday check.
Who is Payday Loans?
payday loan yes was a payday loan company that was bought out by Spotya there now at http://www.Spotya.com
Can you get a payday loan on your tax refund?
Yes, it will be helpful in getting you an instant payday loan.
A payday loan rep is threatening to have a judge issue a warrant for my arrest based on the fact that a payday loan that is unpaid was obtained via internet-they call it internet fraud.?
This is a common empty-handed threat made by payday lenders. The cannot have you arrested for a payday loan, or any loan for that matter. A loan default is a civil matter, not a criminal matter. They are violating the law by telling you that you can be arrested. Payday lenders make all kinds of threats in an attempt to scare you into paying them. Scammers have also caught on to this, and they will make the same types of threats, when in fact you may not actually owe anything at all. File a complaint with FTC.gov and your State Financial Regulatory Agency. Borrowing money online and defaulting does not equal wire-fraud, although they love to tell you that it does. Think about it, if you really broke the law and were about to be arrested, would they call and warn you first? Absolutely not.
