Paul Kupferstein
Date: Thu, 06/21/2012 - 07:22
So i got a loan from a company.....i got laid off and was informed my insurance covered it.....that was December 2011 i believe.....i received a call yesturday from mr hazel saying i could be sued for 5000 and accounts frozen and blah blah blah......
I went to the loan place after work and they told me i don't have to pay PK (paul kupferstein), and that i can pay the loan back from one of their branches....so while i was there i payed 40$ (to show i'm not running away, and now that i know my insurance actually didn't cover it....and it was an honest misunderstanding....i told them i would come in every 2 weeks on payday and pay them substantial amount of monies)
i further researched and found out that RCMP is advising not to send them ANY money under any circumstance, and to work the the loan institution.....they are under investigation for not following debt laws of canada.....
Original Loan was 500$....he says i owe him 1700$ now and could be sued for 5000$.....this is the first call i've received in about 6mths, with no previous letter showing debt, or informing me.......
please advise me as to what i should do.....
now that i know the insurance didn't cover it, i have EVERY intention of paying it back......
I went to the loan place after work and they told me i don't have to pay PK (paul kupferstein), and that i can pay the loan back from one of their branches....so while i was there i payed 40$ (to show i'm not running away, and now that i know my insurance actually didn't cover it....and it was an honest misunderstanding....i told them i would come in every 2 weeks on payday and pay them substantial amount of monies)
i further researched and found out that RCMP is advising not to send them ANY money under any circumstance, and to work the the loan institution.....they are under investigation for not following debt laws of canada.....
Original Loan was 500$....he says i owe him 1700$ now and could be sued for 5000$.....this is the first call i've received in about 6mths, with no previous letter showing debt, or informing me.......
please advise me as to what i should do.....
now that i know the insurance didn't cover it, i have EVERY intention of paying it back......
I'm confused. Why would your insurance pay back a loan for you
I'm confused.
Why would your insurance pay back a loan for you?
Are you in Canada or the U.S.?
the loan institution offered me insurance on the loan incase of
the loan institution offered me insurance on the loan incase of job loss or death.....i accepted the insurance.
I'm a canadian Resident
Ah, OK. That makes sense. I'm sorry I can't advise you on Can
Ah, OK. That makes sense.
I'm sorry I can't advise you on Canadian financial regulations. I'm not familiar with them.
Maybe send SoapLady a PM if she doesn't respond here. I think she might have some knowledge about Canadian collections, etc.