Welcome to the forums!!!
Debts are civil, not a criminal offense. So you can’t get arrested for not paying your debts. If your lender is licensed, then they can sue you because of non-payment of debt.
In a word, NO. You cannot be arrested for defaulting on a payday loan. That threat is used widely by many payday lenders - mostly internet lenders, when they know they could get into trouble for lending where they are not licensed to do so. They are counting on your fear of being arrested to keep you from looking into them further, and they are hoping your fear will make you pay anything to get them off your back.
Arrested for defaulted loan
Welcome to the forums!!!
Debts are civil, not a criminal offense. So you can’t get arrested for not paying your debts. If your lender is licensed, then they can sue you because of non-payment of debt.
In a word, NO. You cannot be arrested for defaulting on a payday loan. That threat is used widely by many payday lenders - mostly internet lenders, when they know they could get into trouble for lending where they are not licensed to do so. They are counting on your fear of being arrested to keep you from looking into them further, and they are hoping your fear will make you pay anything to get them off your back.