Can a payday loan company take you to court, press charges, and sue you if you don't pay the loan back?

I have a loan company calling me threatning to press charges and sue for a $500.00 loan i did not pay back. They are claiming these are federal charges. I keep having people tell me they are just trying to scare me into paying. I'm not sure what to think about it.
Update: so even if they can sue and press charges, will they actually do it? because alot of people around me and at my job say they have been through the same thing and the companies were just trying to get them to pay. I tried to tell them i could make payments but they wanted the full amount yesterday, and i just dont... show more so even if they can sue and press charges, will they actually do it? because alot of people around me and at my job say they have been through the same thing and the companies were just trying to get them to pay. I tried to tell them i could make payments but they wanted the full amount yesterday, and i just dont have it.
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