Unable to Pay Off Online Loans, Can They Be Prosecuted?

[Suba]

I have a friend who is also a migrant from another city. She frequently purchases items from e-marketplaces with Pay Later and other online credit options, resulting in significant debt. A few months ago, she lost her job and could no longer afford to pay her installments. She attempted to return all the items she purchased, but they refused. Could this be considered fraud or embezzlement? Should I help her?

 

[gwolf666]

What is happening with your friend does not appear to be fraud or embezzlement, since she is not acting intentionally or unlawfully. However, your situation does reflect a financial management problem and possible misuse of credit, which can be risky. The fact that you cannot return the products, even if you try to do so, suggests that you are trapped in a debt that you cannot cover, which is a common challenge when relying too much on credit options.

The best thing you could do for her is to help her look for options to manage her debt. Perhaps you could contact the companies you owe debt to to negotiate a more affordable payment plan, or seek financial advice. Helping her find viable solutions would be the most productive and supporting her emotionally during this difficult time is also important.

 

[Suba]

You're right, even though she hasn't violated criminal law, she has debts and billing over the phone is like terror, and I intend to help pay off her debts in the near future.

 

[Stardom22]

An indebted person is not a free man for that matter. When you clear all your debts you live freely.

 

[Starmix]

@Suba , don't help her. Why should you help this person who has no brain? Since she lost her job, it means she is not a full-time regular employee, so what she was doing was insane. She should learn a lesson. She should sell those items and add some amount to pay her debts.

 

[kit_hung]

I have a friend who is also a migrant from another city. She frequently purchases items from e-marketplaces with Pay Later and other online credit options, resulting in significant debt. A few months ago, she lost her job and could no longer afford to pay her installments. She attempted to return all the items she purchased, but they refused. Could this be considered fraud or embezzlement?

The issue of your pal is not fraud or theft because she initially took the items with a legal agreement. The problem came after she lost her job and failed to pay her debt. It is common for stores to refuse to return used items. needs to talk to creditors so they can reorganize how to pay those debts slowly.

 

[eLdavis]

From what i have heard, you cannot be prosecuted by the law for not being able to pay back your online loan

 

[kit_hung]

This is a good picture because online loan debt is not usually considered a criminal offense, but rather a civil matter. Therefore, you cannot be imprisoned for failure to repay. However, there is real need to worry too much as your name may appear on credit reports and become a significant obstacle to obtaining future loans.

 

[Kross]

While one won't be prosecuted for not paying online loans in n country, not paying it would damage your credit score so badly.

 

[Fire&Rain]

This is rough, but not illegal if she didn’t plan to skip payments from the start. It’s more like a tough debt problem. Best thing is to contact the marketplace, explain the situation, and ask for a plan. If you want to help, just guide her, cheer her on, and maybe brainstorm how to tackle installments gradually. It makes dealing with it way less stressful.

 

[Trush Jodie]

Be it offline loans or online loans, if you don't repay it, you are liable to be prosecuted for breach of contract. And that can carry big consequences.

 

[Starmix]

That person could be sued though transaction was done online because of the receipts received by the debtor. He can't deny it, the fact shows through the items he purchased. And all transactions done online are recorderded.