Can I be prosecuted and go to jail behind a payday loan?

No, you cannot and will not be arrested, period. This is one of the favorite threats of PDL companies.

How much have you paid this company so far? Also. what state are you in?

Hi Morris, and welcome to the forum :D Bass & Associates is known for the scare tactics. They have told many of us here that we were going to be arrested for fraud if we didn't pay in a couple of hours. The answer to your question is NO you can't be arrested. Arrowhead Investments is most more than likely not licensed in your state. What state are you in? File a complaint with your Attorney General's office in your state and also with the AG's office in Florida where Bass is located.

You know this is so disgusting---the fact that people can be threatened and scared so much by these companies and their illegal practices. Just in the last 6 months (since I have been a member), we have seen all kinds of these places exposed for what they really are. The world is getting wise---I tell you.

If we could go to jail for failing to pay back a payday loan, we would all be in jail on the board. :lol:

But seriously, a payday loan is considered a debt. Failure to pay a debt will only result from you being pursued to pay the debt and/or forced to participate in arbitration proceedings based upon the law for the state the payday loan is in. I remember when I had done the same thing you did and these wonderful creditors (and I use that term very loosely) harassed me and threatened not only me but my family members as well. I remember my aunt and my uncle getting phone calls threatening to put information on their credit reports because I wouldn't pay my bills.

But you have to fight back. How? By knowing what the law is. Know what your rights are.

What's surprising to me is the number of people who still believe you can go to jail/prison for defaulting on a debt.

Alexandra is right. The extent of the prosecution you would ever experience is court where even then most courts allow you a chance to work things out with the creditor. As long as you stick to your agreement, you have nothing to be afraid of.

I think actually the most you can get in most states is arbitration. And speaking of having all of us in jail, that would be one heck of a slammer, wouldn't it? :oops:

Play with the imagination a little. Wouldn't the world as we know it stop if all of us were in the slammer for our debts?

All of us and Hollywood stars as well. I know that their debts are alot bigger than mine. :lol:

Yea, I agree on that one :lol:

Yeah, with my luck, Martha Stewart would be my cell mate!!!!!

LOL :wink:

You're abosolutely right. Remind me to tell you about the time I worked in the credit dept. at J.W. Robinsons in downtown L.A. and it was my job to confiscate Nancy Sinatra's store card for nonpayment. ... Oh, I just did :D

I've got time to hear that one..................

My first job after leaving home. I was just 18. The job was to work with store dept. clients whose cards had problems. Nancy's card wouldn't work because she was terrible at paying her bill ... sometimes 120+ days out. We were required to pull the card if the bill was unpaid for over 90 days. The day she was in the store, she came to my booth (cubicle) and asked what was wrong with her card. The process was to check the account and if it was really bad, to pull the customer into a room and discreetly take their card from them, which I did. She was really mad. About an hour later, this very large and intimidating guy came to my booth and asked me if I was the person who took Nancy's card away from her. I was about to pee my pants, but I told him I was. He asked me if he could talk with me in private, and I knew I was dead. Gads, I was only 18. I took him into the same room where I took Nancy and he asked to use the phone. He talked to someone on the phone and kept saying "Yes, sir. Yes sir, I understand." After the phone call he reached into his jacket (I knew I was going to die), pulled out a wad of bills and asked me where to go to pay the bill. I don't know who he spoke to on the other end, but I would like to think it was Frank.

Some of these celebrities make a fortune doing movies, television shows and music and yet each year, some of them don't pay their taxes and expect to be given things for free.

I remember hearing about this one celebrity who I can't remember the name was walking out of a restaurant after running up a $5000 bill without paying for it saying that since they were such and such that they should have gotten the meal for free.

You will be surprised at the number of celebrities who expect things and feel as if they shouldn't have to pay for anything including their taxes.

Ya know, they do make a fortune, but most of it goes to pay the meth dealer!!!!!!!!!

I got a payday loan back in april and right after that I lost my job. I paid the extention one twice and after that I couldnt anymore so my account was closed and now today I recieved a phone call sayin if I dont pay 700 dollars by 2pm I was going to be arrested the loan was only for 200 I asked if they could give me until the 16th they said call back tomorrow and see but I honestly dont have 700 to give them on the 16th can I go to jail

Hello cutee. What state do you live in? What company was the original loan from? Who was it that called you, was it a collection agency or the loan company? You are NOT going to be arrested. I repeat, they can NOT send you to jail so don't worry about that at all. Let us know who you are dealing with and we will be able to give you some advice. Do not let them bully you into paying $700 for a $200 loan!!!!!!

Well there are a few members on these forums I would like to spend time with in a cell. LOL Sorry, my evil twin is coming out. LOL I will get him in line soon.

Whoa, Nelly.........and Cutee: was the name of the collection company that called you Bass and Associates, by chance?