Legal Question in Credit and Debt Law in Pennsylvania

pay day loan

i recently got a call from a finance company informing me that since i had a payday loan that i never paid that if i did not pay 1795 dollars today a process server would serve me papers for fraud. I did stpidly borrow 500 and for months paid the fees until i could not pay anymore the bank closed the account due to hundreds of dollars ikn overdraft fees. I offered to make an arrangement but it was not acceptable what will happen with this?


Asked on 3/07/09, 7:54 am

1 Answer from Attorneys
Greg Artim Morrow & Artim, P.C.

Re: pay day loan

They will eventually file a lawsuit agaisnt you. If the claim is transferred to a collection agency then you will have a very good chance at defeating them in court, if you hire the right consumer attorney. Collection agency lawsuits are typically legally insufficient, and we have great success in defending against their claims.

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Answered on 3/07/09, 10:38 am


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