If you've committed fraud against the company, or another person, yes.
If you defaulted because you have no money, and it really was YOUR information(social, wages, sig on ap). No.
Debt is a civil matter.
Can the FBI really arrest me for defaulting on a payday loan?
Even if the info you provided was fraudulent, I don't think the payday loan people have the FBI at their beck and call.
Reply:If it was intrastate, and was fraud, or in this case theft then it does become a federal case
Reply:They would have to show that this was fraud, and thats not easy to do.
Otherwise it is a civil matter, not a criminal matter.
Reply:The FBI has better things to do then go after people defaulting on payday loans. They said that to scare you.
Reply:not unless u took loan out it somebody else's name thats fraud otherwise just scare tactics
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