im 24 now,i went defualt on it when i was young and going to court tommorow to fix this.i dont wanna get ride of it but anything i can to make the judge help me with a better payment plan.
2006-11-20 10:25:21 · 5 answers · asked by massslave 1 in Business & Finance ➔ Credit
The signature makes no difference because you clearly accepted the loan if you made any payments on it at all.
2006-11-20 10:28:03 · answer #1 · answered by Anonymous · 1⤊ 0⤋
A loan entered into by fax is just as legal as one entered into in person. In most US states 19 is a legal adult. If it is not in your jurisdiction, making payments after you became a legal adult is considered 'affirming the contract. This makes the contract binding as if you were an adult when it was signed. If you wanted to negotiate lower payments, you should have talked to the bank before going to court.
2006-11-20 19:47:06 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
As the bank accepted and you paid it was a contractual agreement so yes you are responsible, however as you are attempting to fix the problem I am sure the judge will take it into consideration, dress well, remain polite and let his honour know that you regret going into default and want to rectify the matter. Best wishes.
2006-11-20 18:34:36 · answer #3 · answered by Just Thinking 6 · 0⤊ 0⤋
At 19 you are not legal to get a loan without a co signer,well I guest that depends where you live.
2006-11-20 18:30:54 · answer #4 · answered by Douglas R 4 · 0⤊ 1⤋
yep
2006-11-20 18:28:18 · answer #5 · answered by shinglezach 2 · 0⤊ 0⤋