Can a person go to jail for closing a bank account and not paying back a payday loan?
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Can a person go to jail for closing a bank account and not paying back a payday loan?
Asked on August 29, 2012 under Bankruptcy Law, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Possibly one could be charged with criminal fraud if the closing of one's bank account and not paying off a payday loan were done with a criminal intent. If you did the above and the payday company is threatening to prosecute you, such is an unfair debt collection practice in all states in this country and is illegal. With that being said, you might want to consult with a consumer debt attorney about your matter.
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