Reader Questions

I Am Being Sued for Not Having the Collateral. – Mike

I took a loan for 176 and had too repay 250 I paid about three payments before renewing it. now i haven’t been able too pay the payments for about two months. so they are sueing me for not having the collateral that i put down. i’ve offered too make payments at a lower payment for two weeks in stead of by month and they refuse too take payment. and will sue by the 30th. is there anything I can do legally. too help keep from jail time? or help pay it.

Mike




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Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.


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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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