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Sep 28, 2017 - 34 minute read

Personal loan processing time in sbi

No - but threats are common. Failure to repay a loan is not a criminal offense. In fact, its illegal for a lender to threaten a borrower with arrest or jail.

Nonetheless, some payday lenders have succeeded in using bad-check laws to file criminal complaints against borrowers, with judges erroneously rubber-stamping the complaints. The Consumer Financial Protection Bureau advises anyone threatened with arrest for nonpayment to contact his or her state attorney generals office.

You should never ignore a court order to appear in court, even if the criminal complaint was filed mistakenly.

Personal loan processing time in sbi

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Personal loan processing time in sbi

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