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    What can a loan company do to me if I do not pay the rest of my loan?
    I am unemployed and yesterday, had to close my bank account. I have an outstanding loan with cash call and I called to see what arrangements I could make to pay it, when I get a job. The woman on the phone told me I had to pay this month, in other words, beg, borrow or steal, because I do not have it. She told me to ask my friends, huh! She told me if I do not pay, I will have to suffer the consequences, does anybody know what consequences she is talking about? They cannot garnish my paycheck, right? I know they can put it on my credit report, what else? I am planning to try to pay it this month, but if I don't have a job or I just started a job, how will I pay?
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    #2
    Call your family ,friends anyone you put as a reference on the loan.they will hound them and you about this .It wont stop anytime soon unless you file bk

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      #3
      amandaaz, I deleted the links in your signature. It's against our forum rules to include signature links until you've made 100 quality posts or have prior permission from our forum administrator, Laz.
      I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

      06/01/06 - Filed Ch 13
      06/28/06 - 341 Meeting
      07/18/06 - Confirmation Hearing - not confirmed, 3 objections
      10/05/06 - Hearing to resolve 2 trustee objections
      01/24/07 - Judge dismisses mortgage company objection
      09/27/07 - Confirmed at last!
      06/10/11 - Trustee confirms all payments made
      08/10/11 - DISCHARGED !

      10/02/11 - CASE CLOSED
      Countdown: 60 months paid, 0 months to go

      Comment


        #4
        They can garnish your wages, but only after they take you to court. Who knows how long it will take them to do this, and they may not even do it. Are you considering bankruptcy? If so, and if they end up taking you to court and garnishing your wages, the bankruptcy will stop the judgement.
        4/29/2011 - Filed Chapter 13, have to pay a massive payment each month!
        6/16/2011 - 341 meeting
        7/21/2011 - Confirmed!

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