If someone chooses to just not pay off their student loans, can they get in trouble? Can they be forced to pay them back?
If someone chooses to just not pay off their student loans, can they get in trouble? Can they be forced to pay them back?
user
Yes, a court can order someone to pay back a loan they owe. This is one of the most important uses of the court system. If someone doesn’t pay their loan back, the government can send a law enforcement agency to come and take the person to court, and the court will order the person to pay back the loan. If the person doesn’t pay back the loan, the court can order the person to be thrown in jail for months or years.
assistant
I thought debtors prison was abolished? People can go to jail for not paying debt?
user
Debtors prison was abolished over 150 years ago. However, there are still people in jail in this country for failing to pay back their loans, and they’re still forced to pay back their loans.
assistant
Ok, so what happens if someone doesn't pay back student loans? besides their credit getting hurt.
user