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Posted: Wed Jun 28, 2006 9:34 am Subject: Question regarding credit union loan

Hi all: I am asking this question for my
co-worker...she and her husband have an unsecured
loan through their credit union and have recently
enrolled in a debt consolidation program. The
credit union knows this but is telling her that
they can still take them to court for non-payment. Can they do this?

Thank you

Posted: Wed Jun 28, 2006 11:56 am Subject:

It is up to the credit unions if they intend to take the matter to the court. If the case if not for a huge amount, they will like to settle the matter outside the court as there are court costs and attorney fees involved in it. If you can prove your payments towards the debt account, the judge might not take decisions against you. A payment plan will be set for you through the court.

Talk to your debt consolidation company and verify the payments sent towards the account. Keep receipts of the payments in safe place as this is your important proof.

Posted: Wed Jun 28, 2006 12:00 pm Subject: Credit union loan

Hi Andy: Thanks for the information... Smile

Posted: Wed Jun 28, 2006 12:58 pm Subject:

You are welcome, Missy Smile

I am sure your companies will step back in filing a case against you if you are regular with your payments. As you have hired a consolidation company, they will try to keep everything in place.

Go through this thread. Some helpful advice is given here.

http://www.debtconsolidationcare.com/forums/about11771.html

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