Legal Question in Credit and Debt Law in Alabama

Behind on Payments: Can I Be Sued?

Due to financial harships, I got behind on payments to lending company. They called and I spoke with them, I told them I could pay $150.00 each two weeks and set this up on auto bill pay with my bank. The company accepted the payments, but two days ago I recieved a letter from their law offices. Can they still sue me if they accepted my payment? Isn't that like a payment agreement?


Asked on 10/16/08, 5:26 pm

1 Answer from Attorneys
James Patterson Underwood & Reimer, P.C.

Re: Behind on Payments: Can I Be Sued?

They can sue you for the amount owed on the note, whatever that is, if its behind. Now, if you modified your loan, such as a home loan, and they accept the terms and start accepting the new payment, and then still sue you, you may have a claim.

Read more
Answered on 10/31/08, 3:08 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Alabama