Pennsylvania Debt

What kind of loan do you have? Did you get a pay-day-loan or credit cards or some other kind of loan? That can help us help you better!!

Sorry, it was a signature loan from a non-bank, it seems they specialize in auto loans, which is what I had mine for but it was not secured with the vehicle. I'm a little behind on the payment (2 months) but they are aware of the issues. I got a letter friday telling me I had to pay them up to date by wednesday or they would sue me "criminally and civilly". Thanks.

Actually, in PA it's illegal to threaten criminal prosecution to collect on a debt. Under federal law, only CA's can't do that, but in Pennsylvania it applies to the original creditor. You can sue them and there are a lot of lawyers that take cases like that on a contingency fee.

Guest...you said this comapny "specializes in auto loans?" If they do that, then why wouldn't they use the vehicle you financed, for collateral? Maybe I just read your post incorrectly.

I think they do mostly auto loans, but I don't really know. At any rate, they just drew this up as a signature loan and did not place a lein on the vehicle. Why? dunno. :)

Mmmmm. That's interesting.....usually if a vehicle is being financied, they ( whoever the company is) will use the vehicle as collaterol.

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