Tower Loan
Date: Wed, 11/07/2012 - 13:12
I live in Missouri. Tower Loan mailed a check to me and I cashed it. There were no loan papers signed and we have no other relationship. I have been unable to make payments, and wonder what they will do now. Can they garnish my wages? How would they even know where I work? For a variety of credit problems I am considering bk, debt consolidation, etc. Just wondering if anyone has experience with this company, or similar. Thanks!
Bad move. You should have returned the check immediately. From t
Bad move. You should have returned the check immediately. From the looks of it, the are licensed in your state (although I could not conclusively verify because the state DFI page is not opening for some reason). Tower Loan has been in the predatory lending business for a while now and they have already been thrashed around by the FTC more than once on multiple charges.
You need to speak immediately with your state DFI about this and write to the AG and the FTC as well. Keep us updated on the situation. We need as much info on these people as we can get.
