Why are court documents public?

Why are court documents public?

Requests can be made through mail, online or in person, and records may be copied for a small fee. The public has generally been allowed access to courtrooms in addition to court records. Due to freedom of information and access, public citizens are granted insight to the court system and other government agencies.

Can the public go to a court hearing?

Except where restricted by law or a judge’s order, courtrooms are open to the public and media, and court records and exhibits are available to view or copy.

Can a loan company sue you?

If you don’t repay your loan, the payday lender or a debt collector generally can sue you to collect. If they win, or if you do not dispute the lawsuit or claim, the court will enter an order or judgment against you. The order or judgment will state the amount of money you owe.

What is the minimum amount that a collection agency will sue for?

$1,000

What happens if unable to pay personal loan?

If you default on your payments, your credit rating will go down. This will make taking loans in the future difficult, if not impossible. Second, the property which was used as collateral for the loan can be repossessed and later auctioned by the lender after following a due legal process.

Can you go to jail for not paying personal loans?

How far can this go? You cannot be sent to jail for defaulting on your loan. But if a judgment is made against you, you could be ordered to pay the lender’s court costs and fees and it could affect your credit rating. The lender can check on you during this time to see if you can pay any money towards your debt.

Can you go to jail for unpaid loan?

So unless your debt is in some way connected to a crime, you cannot go to jail for debt. Even then it would be the crime you are going to jail for rather than the actual debt. If you fail to pay your taxes or fail to pay a debt such as child support, you could be jailed.

What will happen if I am not able to pay 1 month EMI?

Missing one EMI payment doesn’t make you a defaulter. When you fail to pay several EMIs on time, your lender reports you as a defaulter. Some lenders may offer a grace period after the payment date during which you can make the payment; however, a late fee will be charged, but you won’t earn the title of a defaulted.

What happens if you fail to pay EMI?

Usually banks do not take you as a defaulter upon failure of payment of an EMI. However, if you fail to pay the same for three consecutive months, due reminders will be sent to you by loan lending bank or financial institution. Even after bank has seized your property, you can reclaim it before the auction.

What happens if online loan is not paid?

When you fail to pay your EMI on the online loan, the lender will send you an intimation about the amount due to be paid. You can then repay the loan with a penalty as prescribed by the lender. You will find your credit score reduced after defaulting on your online loan.

What will happen if I don’t pay the EMI will they take the bike away?

So, if he/she defaults on the EMI payment, then the bank can repossess the collateral. In case of a two-wheeler loan or car loan, you will get a notice of 7 to 15 days to settle your dues, before the bank repossesses your vehicle.