Security Finance
Date: Wed, 06/20/2012 - 08:42
i have a loan through security finance in SC. I cant even make my first payment because of some personal reasons. Basically this place gives you a loan based on your collateral. I was wondering what they can do if i do not pay on the loan. They cant garnish my wages I don't believe, but I am not quite sure.:confused:
Security Finance is an installment loan company and they appear
Security Finance is an installment loan company and they appear to be totally legit.
What collateral did you put up? If you dont make the payments, they will seize the collateral. If the sale of the collateral doesnt cover the debt they can sue you and then garnish your wages.
You really need to be talking to your lender.
