Legal Question in Credit and Debt Law in New York
Can you get arrested for not paying on a payday loan??
Asked on 12/09/11, 7:45 am
1 Answer from Attorneys
Paula McGill
Paula McGill Attorney at Law
As a general rule, no. There isn't debtor's prisons in this country for loans. If the debt collector threatened you with criminal charges, you should contact a local consumer lawyer who is experienced in the Fair Debt Collection Practices Act. Part of the Act prohibits debt collectors from threatening consumers with criminal prosecution.
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Answered on 12/10/11, 6:12 pm