During the last handful of years “payday” loans have grown to be ever more popular through the entire united states of america, including within the State of Texas. The rates at which borrowers default on these loans is extremely high for a variety of reasons. For those who have defaulted on an online payday loan, or are worried you will default on a single in the future, you might be worried you will head to prison for perhaps not spending the mortgage. This is simply not real. You simply will not go to prison if you don’t spend a” loan that is“payday.