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debts owed to a bank

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PostPosted: Sat Sep 15, 2007 12:18 pm Subject: debts owed to a bank

can a collection agency take you to court for a debt u owed a bank,why u dont owe them???????????????????/
themayor43725



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PostPosted: Sat Sep 15, 2007 12:38 pm Subject:

Yes they can if they can show they have a valid debt for you and the required evidence for civil action.
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http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com/forums/about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.
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PostPosted: Tue Jul 01, 2008 9:50 am Subject: beneficial loan co.

i took a loan w/beneficial finance my contract called for 25 percent interest,, but they also charges me extra 2.8 percent per month extra,i stopped paying the debt for i had credit limit of 7500.00 165 dollars per month, payment was always more most of the time,i checked in the computer under beneficial loan co. it says they are crooks
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richmond saylor
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PostPosted: Thu Jul 10, 2008 6:17 am Subject: beneficial finance

i got a loan from beneficial,
finance co at 25percent interest,on contract it says 25percent,they was chargeing me 2.8% per month extra,so i stop payment,what can they do,or what can i do.?

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PostPosted: Thu Jul 10, 2008 10:16 am Subject:

Are you sure?

25% interest for the year is about 2.09% a month . . .

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