Legal Question in Credit and Debt Law in Colorado
can i go to jail for not paying back your payday loans
Asked on 3/04/11, 9:25 am
1 Answer from Attorneys
Robert Murillo
Pivotal Legal Ltd.
No you cannot go to jail if you don't repay your loans. If a collection agency claims that the debtor may go to jail over an unpaid debt this may be a violation of state and federal law and you can sue for damages.
Contact an attorney to discuss your rights.
DISCLAIMER�This answer is for informational purposes only and is not legal advice regarding your question. This answer does not establish an attorney-client relationship.
Answered on 3/04/11, 9:54 am