More details to this question:
I had a payday loan a couple years ago that I defaulted on. I am getting phone calls saying i'm going to be arrested if i don't call back and pay my loan. Can i be arrested? I will pay the loan back, but what are my options?
1 ANSWER
You will not be arrested for not repaying a loan; it is not a criminal matter. You can be sued in a civil case, a judgment can be entered against you which will likely include interest and possibly other costs, and the judgment creditor can then avail himself of legal methods of collection, such as garnishing wages and/or attaching any assets and selling them to pay off the judgment.
Answered on Dec 05th, 2014 at 10:00 AM