Creditors

Date: Thu, 08/10/2006 - 13:44

Submitted by anonymous
on Thu, 08/10/2006 - 13:44

Posts: 202330 Credits: [Donate]

Total Replies: 1

Creditors

I have a question well two actually.The first one is more of a statement but it's important. I took a loan out from this company(VC Funding) 2 months ago...Had problems with my bank and called them over 10 times since then and always get "there are no managers available" then today(*Wednesday) I get a call at my job on a recorded line being informed that I'm being threatened with legal action because I refused to pay the loan back or get in contact with them and that I committed fraud. The creditor informed me that he has to have $580 by 3pm today. Psycho! First of all I don't know who you are, second I'm NOT paying $580 on a $265 loan!!!! So he told me to get my attorney because I was going to be going to court. Oh also he told me that people would come to my place of employment and my home to obtain the money. (Cont'd) Yesterday I had someone call me, I couldn't even understand him because he was foreign. Was rude to me and told me that if I didn't send the money I owe to him by 3pm Wednesday that I should get my attorney. Because people would be at my work and at my home. Then he would press legal charges and take me to court. Will they really take you to court if they refuse written proof to you of what you owe and why? And if so why would they waste the time? It's going to cost them more that the amount they claim I owe them to file court papers.

Hi Kitten, Welcome to the forums :) you posted the first

Hi Kitten,

Welcome to the forums :)

you posted the first portion in another thread. Someone has replied you there. Check that one to know others opinions on this.

Now, replying to the other part of your post, you know the answer of your question and I will like you to stick with your legal consumer rights in this way. It is your right to know the latest standing of the loan account before sending any payment to the company. The company should have sent it first in your mailbox well before. Now, if you are requesting them to show the details in writing, they must honor it. The representative must not have been rude when he called you. He should have learnt some decency when calling the customers, especially those who want to pay them off in the first place. They add more to their illegal collections by scaring you with legal actions and someone coming at your place of work. Ignore these loads of crap. Make sure that you cover your part by sending a written request of the loan statement. You must have proof of every intention in clearing off this debt. When a matter takes a legal shape, both the sides are heard. If VC Funding really had to prove something legal, they should have given you the correct details first and avoid all the court costs. It is just one of their scary tactics because they know they are on the wrong side. If they take the matter to the court, they will fall short of proof when you will prove your side and get the legal claim up to the extent of damages. Be aware of your legal rights. Don't let your fear come out. Face them strongly and get to the crux of this matter. You can get some professional advice here from the counselor too. .

lrhall41

Submitted by Justme on Thu, 08/10/2006 - 14:10

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