Will Not Paying Up Bring You To Jail?
Instant cash advance is the easiest and most convenient way for people to obtain the necessary money in less time and with less hassle. That is why when people are faced with financial troubles, such type of loan seems to be the most viable answer. It is because of this that a person tends to abuse getting loans and end up not being able to pay on time resulting to them getting buried in debts. And when this is the case, paying up becomes increasingly difficult.
Such a scenario is normally disturbing for those who are in debt. When the postman arrives and places the envelopes into the mailbox, the anxiety sets in. Who could have sent those envelopes? Could those be from the banks, lenders, and other lending institutions? Are these summon or subpoenas already? Will the police be coming to arrest you? Such thoughts can be disturbing and may cause depression for those who are affected.
However, the question still remains. Will one go to jail for not paying up his debts? If the collections department calls and says, Will be sending the police to arrest you later today, people should not believe this. This is because no one can be put to jail for not paying his debts. The only time one can be arrested is for issuing bad checks or for committing a bank fraud.
How can one be proved guilty for writing bad checks?
For one to be proven guilty for such an offense, he or she should also be proven that there was an intention not to make a payment and that the company had no knowledge that there is no money.
Lending institutions are governed by state laws. And depending on the state, certain laws apply. To cite an example, in the state of Arizona, no criminal prosecution can be made against anyone who issues a personal check to a payday loan. Likewise, in Kentucky, there is a rule that requires all payday loan places to set up a signage outside of their offices stating that no one can be prosecuted for either writing cold checks or committing theft by deception. Furthermore, there are also those states that consider illegal those out-of-state internet loans.
These data should not be relied upon solely. It is best that when a letter of collection is received, a lawyer should be consulted. It is advised that people should not allow collectors to bully them. They only use scare tactics to get what they want.
Online Payday Loans is the answer for the need of emergency cash
Look no further as such type of loans does not discriminate. Unlike banks that take so much time and require so many documents, payday loans can be accessed online. There is no need to wait in lines. All the requirements are that the applicant should be 18 years old and above and must have an active checking account and a job. Though credit checks will be done, a high chance of getting an approval is possible still.