PAYDAY ADVANCE LOAN PROSECUTION? I AM GOING TO FILE FOR BANKRUPTCY BUT FEAR PROSECUTION…..?
I live in Washtenaw County Ann Arbor,MI and I hit digit deliquent clear day loans cod to unemployment that I did not intend to clear off. Can I be prosecuted for this? Because I was told by haul of the creditors that I module be prosecuted. I got these finished an online payday front website. I am going to enter for insolvency soon. I proven explaining that I am discover of impact and that I would clear when I intend back to work. But they feature no is this true? Please support rattling scared!!!
You absolutely cannot be prosecuted for owing somebody money…(Unless it’s the IRS)….there is no debtors prison in the US. Do not be intimidated by the collection people. They will try and scare you any way they can to get payment. They can sue you for payment and pursue any legal remedy available but you cannot be convicted of a crime and sent to jail. DO NOT USE PAYDAY LOANS…THEY ARE LOAN SHARKS!
I’m not a lawyer, but here goes…
First, if you’re unable to pay your debts, you probably cannot be criminally prosecuted unless it can be proven that you obtained the loans fraudulently. Second, if they are threatening you with prosecution, call your local consumer protection agency or Legal Aid(In Ann Arbor, Mich, with UMich Law School, has pretty good legal help, and cheap if not free.) Good Luck, get back on your feet, and stay away from those payday loan sharks…
also on top of what the person before me said.
you know have to pay about 600.00 to filed backrupty. you will see a credit advise before you can file.
oh and you might also want to tell the better business burea that you were threatened.