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Consequences of personal loan default in india

Thank you so much. I will follow your advice and will block their calls. I am in california and I recently had a collection agency for a loan taken out on the internet with multi loan source and this guy jim carter from texas threatened me saying there would be a warrant out for my arrest, so I back tracked to multi loan source who then gave me the to the collection agency 1 and then they referred me to collection agency 2 which I spoke to a Peter THomas which I sure is the same guy threatening me with an arrest using the alias name Jim carter, can a person be prosecuted for a loan by phone and this guy also told me I consequences of personal loan default in india not be able to file on my Bankruptcy.

Is this legal these scare tactics I am getting ready to file a claim with the ca attorney General and federal trade commission. Consequences of personal loan default in india Thomas told me to ignore any calls from Jim Carter and I was also told that had I agreed to send the money to settle the debt I would have been sending the money to someone that would not have sent the money tosettle the debt, it would not have been forgiven, and Peter Thomas at autobond holdings told me that my acct was no longer handled by that gentleman and before I could explain, he stopped me and new about this jim carter character and I asked that he help with this guy and he refused nonchalantly, end result peter thomas got me to agreeto two post dated payments to settle my 826 debt, with money I dont have, at that point I was concerned.

Sandra, your experience with payday loan companies trying to collect debts is pretty typical. They're known to say all sorts of things that aren't true. Since your comment here is about my payday loan article, I assume you read it and know that your payday loans would be treated just as any other unsecured debts (like credit cards) and would be discharged (eliminated) in your bankruptcy and that you will not go to jail because of that debt.

I strongly recommend that you consult with an experienced bankruptcy attorney in your area.

Consequences of personal loan default in india

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Consequences of personal loan default in india

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Consequences of personal loan default in india

The limits and regulations vary from state to state. Cash transfer times and terms may vary from lender to lender. Consumer Notice: We remind that payday loans and online personal loans for small dollar amounts are not a long term financial solution. These credit options imply relatively high interest rates and become a very costly solution if used improperly. Consumers that seek funds for longer terms or debt relief should consult credit advisor prior to making credit decisions of taking a short term or an online personal loan for small dollar amount.

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Consequences of personal loan default in india