The payday loan company is accusing you of a crime.
I'm guessing they are thinking that you have criminally defrauded them.
However, they are not correct
If anything, you have simply breached your contract with them.
So, in short, no, you are not going to jail over this.
If that is the case, then the State won't be able to show that you had any criminal intent.
To be guilty of check fraud, you would have to have intended to defraud the loan company
Did you give them a check?
who told you that you are going to jail?
Did you give the loan company a check? Or did you just give them your bank account number as part of the loan agreement?
Then, I think you can relax.
Payday loan companies are notoriously bad companies
They are not known for treating consumers right
From the facts you've told me, its my legal opinion that you have not committed a crime.
Why did the bank close down your account?
Well. What you need to do is look at the agreement you have with the loan company
They shouldn't have threatened you like that
But you will still need to pay them back
You probably should try to open a new bank account if possible
If you don't pay them back, they can sue you.
And they can report it on your credit report
They can take you to small claims court
However, most likely they will just harass you.
I understand. These loans are always really bad deals
Sometimes its the only way to get the money you need. But as I'm sure you are aware, the interest is really high
But...rest assured you will not be going to jail.
If it was that easy...
Anyhow...if there's nothing else I can do for you, I'm going to exit the chat so I can help other customers
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