With every guideline, there clearly was a technicality. Whilst in basic, you will not head to prison for not repaying a loan that is payday you nevertheless could.
” when you look at the U.S., you can not head to prison for simple indebtedness,” Drury claims. “You can, but, head to prison for fraudulence or theft if it’s determined that there is an intent that is genuine perhaps maybe not repay the mortgage.”
A judge could issue a warrant for your arrest if you’re sued for failure to repay a loan. […]