Can a warrant be issued for your arrest for not paying back a payday loan?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Can a warrant be issued for your arrest for not paying back a payday loan?
Asked on October 19, 2012 under Bankruptcy Law, New York
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You won't be arrested. A warrant will not be issued for your arrest. This is a civil case (lawsuit); not a criminal case. If the loan was obtained fraudulently, fraud can be both civil and criminal. Fraud is difficult to prove since it requires proving intent.
Payday loan places are notorious for using false information and scare tactics to obtain repayment. Don't worry about it. This is a civil case. If a court judgment is obtained against you in an amount you can't afford to pay, you can file bankruptcy to stop the enforcement of the judgment.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.