I go to Jail if I don’t Pay My Payday Loan Will?

I go to Jail if I don’t Pay My Payday Loan Will?

Over the past number of years “payday” loans are becoming ever more popular through the entire united states of america, including within the State of Texas. For a number of reasons, the prices from which borrowers standard on these loans is very high. That you will default on one in the near future, you may be concerned that you will go to jail for not paying the loan if you have defaulted on a payday loan, or are concerned. It is not real. You won’t visit prison should you not spend a “payday” loan.

What the law states in the us is quite clear – debtors is not jailed for failing woefully to spend a financial obligation. Our U.S. Constitution forbids imprisonment for financial obligation. Continue reading “I go to Jail if I don’t Pay My Payday Loan Will?”