Search and Ye Shall Receive: Payday Loan Jail, Property Tax Liens, and Teenage Daughters
Author: Nick
Category: Money
Topics: family, lending, real estate, search, taxes
Search and Ye Shall Receive returns with more answers to questions people have recently asked search engines that brought them to Punny Money.
Jail for Unpaid Payday Loans?
Can I be sent to jail for not having money for payday loan? (via Google)
This person might want to consult with a real lawyer and check his or her state and local laws, but I’ll still share my view on this. I previously stated that you could go to jail for lying on a credit card application (e.g. stating you make $250,000 a year when you really make $6.50 an hour). In theory, the same could be true for payday loan applications. That said, payday lenders typically don’t collect the sort of information you would normally lie about, so the chances of incriminating yourself over a payday loan are very slim. If you’re worried about payday lenders getting you arrested for not paying your loan, you can relax. It’s illegal for payday lenders to threaten you with jail over unpaid loans. Just be sure not to write any bad checks when paying back the loan; they can still land you in legal trouble.
Do Delinquent Property Taxes Mean No Income Tax Refund?
If you owe back property taxes, will you not get a tax refund? (via Ask)
Your Federal income tax refund is likely safe because property taxes are collected by state governments. Your state income tax refund is also probably safe, but that’s because the state has a much easier way to collect property taxes in arrears: tax lien sales. Normally once a year, counties or states will “sell” the rights to collect unpaid property taxes on a property to whomever wants to buy them. The buyer then jumps to the head of the line on most liens placed on the property (like mortgages and judgments, but not other state tax liens). When you go to sell the property, you’ll have to cough up the money to pay off those liens.
There are also tax deed sales in which your property is sold out from under you to pay off your delinquent taxes. Obviously this is far worse than just having a lien placed on your property.
So the answer to this question is no, your tax refunds will likely not be affected; but you might want to hold on to those refunds to pay for an apartment if your property goes to a tax deed sale.
How to Talk to Your Teenage Daughter?
How do you talk to a teenage daughter? (via Google)
Good question. When I’m talking to your teenage daughter, I usually ask these questions first:
- Are your parents home?
- You are 18, right?
Oh, you probably wanted advice on talking to your own teenage daughter. Uh, good luck with that.
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37 Responses »
1.
Simon Duffy
July 30th, 2008 at 5:14 am
I like the idea of ‘Search and Ye Shall Receive’! Giving the answers to phrases people have searched for to find you site is a great idea. I’m not sure about debt in the USA but here in the UK you’ll end up with nothing if you don’t repay your credit card debts. The credit card and loan companies will get their money back eventually!
2.
Bill
September 13th, 2008 at 1:32 am
Fortunately in Ohio they have all but finally run the Pay Day lenders out of town. There was a big stink about the APR of pay day loans (was 390%). That has been capped now, and if memory serves me right its 28%.
3.
Zac
December 5th, 2008 at 5:26 am
I haven’t yet got a credit card and am reluctant to get one, after working in the financial difficulties department of a major bank i’ve seen the absolute devastation and desperation irresponsible lending can leave families in. As Simon stated credit card companies will always get their money back in the end, and often they don’t care about the trail of hopelessness they leave in their wake.
4.
ACHoffman
April 16th, 2009 at 10:45 am
You gave it out there but still there are many queries that brought some people financial enlightenment to the humble quadrant of the internet.
5.
Cessione del quinto Prestiti
April 18th, 2009 at 2:17 am
our Federal income tax refund is likely safe because property taxes are collected by state governments
“Be aware From Tax “
6.
Carta credito
April 18th, 2009 at 3:07 am
There are also tax deed sales in which your property is sold out from under you to pay off your delinquent taxes. Obviously this is far worse than just having a lien placed on your property.
“If u pay tax at time u will live comfortable life
so plz pay tax at time”
7.
Stop Repossession
April 22nd, 2009 at 2:29 am
What is the difference between property tax and sales tax?
8.
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May 5th, 2009 at 1:28 am
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June 1st, 2009 at 5:39 am
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Bournemouth Hotels
June 2nd, 2009 at 3:25 am
Receiving mortgage advice early on is invaluable for any home owner. When problems do occur, mortgage advice and debt counseling can often be combined. Ways of saving money can be discussed, methods to make extra money identified and a complete solution brought into action to Stop Repossession.An extension of the mortgage term does result in more interest being paid, but also brings the monthly repayments down. Being able to stop repossession is all about making life more affordable and spreading the cost over longer helps to achieve this objective.
14.
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June 2nd, 2009 at 5:48 am
The most common way to look for a positively geared property is to find out the average rental price in each suburb. Then calculate what the mortgage repayments will be and associated costs. Then find out what the mortgage must be to make this a positively geared or break even property.
15.
TLC
June 5th, 2009 at 6:25 pm
That was probably one of the most accurate, succinct explanations for tax sales I’ve ever heard. And I’ve been investing in them for a long time.
Well done. Hope you don’t mind if I quote you.
16.
Lake District Accommodation
June 8th, 2009 at 8:01 am
The comments above are so true and i must say i will takeaway quite a lot from it. Thanks again.
17.
Properties to rent London
June 9th, 2009 at 7:34 am
Buying a property is perhaps the single biggest investment made by a person during his lifetime.
18.
Rob - Rakeback Poker
June 13th, 2009 at 1:24 pm
To answer the question in comment #7, sales tax is an extra charge that is added to the purchase of most sales. It is the obligation of the business owner to payt sales tax to the government, which is why the collect it first from buyers at the point of purchase.
Property tax is an annual tax that homeowners must pay on their property based on, amongst other factors, the value of their real estate property.
19.
Sell and rent back
June 15th, 2009 at 8:14 am
Its always a pleasure to read through your site as there is always something new to read about. Thanks for an enjoyable read.
20.
Seb
July 2nd, 2009 at 12:47 pm
Fom what i understand of the law you cannot go to jail for owing money to payday loan lenders, not straight away anyway. Some lenders will simply take the money owed from your bank account without permission, it’s in the contract.
However if there no money to take this will result in a court appearance and could result in a period of time in jail, this again is a variable and down to many different factors aswell as the judge you happen to get.
21.
Murfreesboro Foreclosure Property
April 5th, 2010 at 9:42 am
It really is too bad, the way that the financial system was regulated. We are seeing a ton of foreclosure property in my market because of the option alt-a arm loans. They are beginning to reset and many people believe this will cause the next wave of foreclosures into 2011.
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April 24th, 2010 at 1:49 am
As a parent, our responsibility is not only to take good care of our childrens but also to show love. Spending time and talking to your children can help to build loving relationship. You also need to be a model of good attitude, recognize their strength and to teach them right.
23.
Jack
May 2nd, 2010 at 6:30 am
Is it really any surprise that solar garden lights US has the most complicated tax system in the world.
24.
Rent a car
May 8th, 2010 at 3:44 am
This is not a joke. You don’t want to play with the banks at all. You have a strong chance of going to jail. It’s not pretty over there.
25.
lela
May 15th, 2010 at 7:49 am
I was very thrilled to twig this site.I wanted to thank you for the benefit of this serious read!! I unequivocally enjoying every small scintilla of it and I comprise you bookmarked to stay out recent stuff you post.
26.
Agentie hostess
May 23rd, 2010 at 3:39 am
You are right. This is not a joke at all. Check with a lawyer if you got this kind of problems. If you reach jail – is not a good life after that. This is not a joke!
27.
Pepper Spray
June 10th, 2010 at 12:37 am
Extremely insightful, thank you.
28.
twink
June 13th, 2010 at 12:11 am
It’s not pretty over there.
29.
online savings account
July 15th, 2010 at 5:49 am
Can anyone give me a brief description of the pay day loan industry and how it works?
30.
David Goldberg
July 18th, 2010 at 8:17 am
Thanks for your post. I am studying this for a Uni project and found this information very useful for a my last dissertation.
D Goldberg.
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31.
FAFSA
July 26th, 2010 at 5:07 am
No, you cannot go to jail for not paying back a payday loan. Some payday loan companies may try to tell you that you can go to jail because not paying back the loan could be considered check fraud, but they’re just making threats in hopes that you’ll pay. However, that doesn’t mean that a payday loan consolidation company cannot take other forms of action against you.
32.
Property Tax Information
July 26th, 2010 at 9:32 am
That is way too bad. This people are taking advantage of those who have less knowledge about laws. It’s good to know threatening of going to jail by payday lenders is illegal, then we know our rights.
33.
epicbrowser
August 5th, 2010 at 3:45 am
needs to spend some time learningmore or understanding more.|Thanks for greatinformation I was looking for this information for my mission.
34.
oyunlar
August 13th, 2010 at 11:52 am
Can anyone give me a brief description of the pay day loan industry and how it works?
35.
mario Oyunları
August 14th, 2010 at 5:34 pm
Thanks for your post. I am studying this for a Uni project and found this information very useful for a my last dissertation.
36.
chanel outlet
August 31st, 2010 at 8:19 pm
It really is too bad, the way that the financial system was regulated.
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