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ANSWER by BipolarAttorney 02/06/08Defaulting on a loan would generally be a civil matter, not a criminal one. Provided the loan was not obtained under fraudulent circumstances, it is highly unlikely you would be jailed for defaulting on a "pay-day" loan.

It is your checking account. How could they prove that you shut it down to not pay them. They also would have to spend thousands of dollars in court fees to toss you in jail. They ain't going to do that over $300. Work with them now to pay back the principle on your terms. Don't listen to their threats and visit endpaydaydebt.com to educate yourself on your rights!

It is your checking account. How could they prove that you shut it down to not pay them. They also would have to spend thousands of dollars in court fees to toss you in jail. They ain't going to do that over $300. Work with them now to pay back the principle on your terms. Don't listen to their threats and visit endpaydaydebt.com to educate yourself on your rights!

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13y ago
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14y ago

No, you can't. It's contract law. You could be sued civilly, in an attempt to obtain a legal judgment against you. If the loan place prevails, they would then attempt to collect by a writ of execution, typically in the form of wage attachment or seizing of any bank accounts. There is a statute of limitations, varying by state, as to how long from the original date of default (the deadline you missed for payment) they have to file their suit against you. Depending on the amount involved, again (probably) varying by state, the claim might be relegated to small claims court. S.C. Paralegal Sciences major, Kaplan University.

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Q: Can you go to jail for defaulting a pay day loan and having to close your bank account?
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