PDL's : What would happen if they take us to court?

Date: Tue, 05/02/2006 - 10:08

Submitted by franklinfamily03
on Tue, 05/02/2006 - 10:08

Posts: 37 Credits: [Donate]

Total Replies: 4

I think I am losing my sanity. It's been a few weeks since we filed with T&C and can you say stress. Only one of our PDL's has signed the payment agreement. The rest will not talk to T&C or say they won't deal with them. What would happen if they take us to court over this? I know we can't go to jail for a debt, but what could they do? And how long could it be, I mean could I get a summons tomorrow or are they required to attempt to collect the debt first? I guess what is really freaking me out is that there have been no phone calls! Somebody help relieve my stress!!!

Do you have store front lenders or online lenders? Could you ple

Do you have store front lenders or online lenders? Could you please list your lenders?

lrhall41

Submitted by Not so Lucky on Tue, 05/02/2006 - 10:27

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Are they licensed in your state? because if they are not, they w

Are they licensed in your state? because if they are not, they will not take you to court because the loan is ILLEGAL and THEY can go to jail.

lrhall41

Submitted by Jessi on Tue, 05/02/2006 - 10:30

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They are store front lenders and as far as I can tell they are a

They are store front lenders and as far as I can tell they are all licensed. I'm not trying to get out of paying them, If I wanted to do that I would just disappear. I want to pay them thats why I'm with T&C. I've been renewing the lone at one place for over 3 years.

lrhall41

Submitted by franklinfamily03 on Tue, 05/02/2006 - 10:37

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Hi franklinfamily03 You as well as your consolidation company

Hi franklinfamily03

You as well as your consolidation company are trying to pay the debt. This is an important aspect to prove your responsibility. I don't think the payday loan company will take the matter to the court unless the amount is very huge. They sound impossible in the beginning but a period of time, they will accept it if they want to be paid. Make sure that have all your paperwork done. This will be your proof of the actions taken to resolve the matter.

lrhall41

Submitted by david on Tue, 05/02/2006 - 11:47

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