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Can you go to jail in texas for not paying a payday loan?

Question by James G: Can you go to jail in texas for not paying a payday loan?
I cant pay these loans back and I have post dated checks with the payday loan companies. Im afraid they could prosecute me for the bad post dated checks. What is going to be the best way to handle this situation?

Best answer:

Answer by Gatsby216
Immediately send them a letter via certified mail, keep a copy for you yourself.
State that those post dated checks should not be cashed and you would like them returned to you.
You could put stop payments on those checks, or close the account. Again you could put that in your letter.
I am not sure how that works, as this is more a loan, rather than the normal bad check problem.
But it is a good question, and you need to protect yourself.

Know better? Leave your own answer in the comments!

8 comments - What do you think?
Posted by getloans - February 11, 2013 at 2:37 pm

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Is an unpaid payday loan in Texas considered a criminal case or a civil case?

Question by jnttweise: Is a unpaid payday loan in Texas considered a criminal case or a civil case?
If you took out a payday loan, Is it a civil case or a criminal case in the state of Texas? Can you do jail time?

Best answer:

Answer by Docker
No you cant go to jail, but it will screw up your credit and they can take you to court, which means additional fines and court cost for you.

What do you think? Answer below!

4 comments - What do you think?
Posted by getloans - November 29, 2011 at 9:52 am

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