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March 3rd, 2009Can you get arrested for default on cash advance loan?
March 3rd, 2009No you can’t be arrested for defaulting on a cash advance loan. The cash advance loan company knew that you did not have cash in the bank when you wrote the check so bad check laws do not apply for them. If they may try to threaten triple damages for a bounced checkto try to get you to pay more but they will not be able to get them.
In fact it is against the law for them to threaten you with arrest
According to the Fair Debt Collections Practices Act (FDCPA), it is ILLEGAL for a cash advance loan company or any company to threaten a person with the possibility of being arrested for non payment of a debt.
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