Legal Question in Credit and Debt Law in Georgia

loan debt

I have just been served for a $6000 loan. I made payments for 2 years and now I have defaulted. I am being sued for the full $6000. Can they do that and do I have to appear in court? I live in Atlanta.


Asked on 4/05/08, 10:29 am

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: loan debt

I am not sure why you think they could NOT sue you if you have defaulted. If you do not properly defend, they will get a judgment.

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Answered on 4/05/08, 10:35 am
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: loan debt

When you default on a loan, you should expect that the lender will do exactly what they did here, accelerate the loan and sue you. You now need to get a lawyer within 30 days. Assuming you owe the money, defending the suit won't help, so your choices would be to pay the lender, or, in some cases, to file bankruptcy. It is unlikely that you have other options, but a lawyer can look at your paperwork and answer that.

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Answered on 4/05/08, 2:16 pm


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