2007-02-14 10:31:13 · 7 answers · asked by chucklesemt 1 in Business & Finance ➔ Credit
You need to provide more information. The most common reasons are A. They want a larger amount, ie all past due payments and fees, to bring the account up to date. This is common for say car loans where the bank has allowed a number of past due payments and does not want to keep the account in a collection status. Also mortgage companies will not allow partial payments or payments past date they file forclosure actions.
You could try to mail in a payment in a plain envelope with just your account number on the check, if they cash it and post it to your account then that may stop any further action for at least a month.
If the account was sold to a collection agency then they will ask you to pay the collection agency.
Good luck
2007-02-14 11:38:30 · answer #1 · answered by Gatsby216 7 · 0⤊ 0⤋
You need more information.
Is the loan in default and you tried to make a smaller payment?
Was the loan sold?
What you can do is make sure you document your payments being returned. Stick the money into a separate account. This way if they choose to take legal action again you can then show the judge you had tried to make payments and your payments were refused. Then when the time comes you can say I kept the money in reserve its still there to pay on this debt I owe.
I would also send off a letter stating you have tried to make payments and they are refusing them. If they choose to refuse yoru payments you will take it was the debt being paid in full. Send this certified. Make sure you document everything and keep everything!
2007-02-14 18:41:33 · answer #2 · answered by Issym 5 · 0⤊ 0⤋
If they refuse the payment, then they are pretty much saying the debt is paid in full. Get that in writing and you won't owe a dime.
2007-02-18 05:08:08 · answer #3 · answered by Lost_Lady 3 · 0⤊ 0⤋
No legitimate business is going to refuse money from you.
You must be referring to a loan shark or something. Get on your knees, quickly!
ST
2007-02-14 19:15:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If they have already sold the loan to a bill collector it is no longer theirs.
2007-02-14 18:35:11 · answer #5 · answered by Barkley Hound 7 · 0⤊ 0⤋
depends on the amount of money you loaned out? if it is alot like over one thousand dollars i would take them to small claims court
2007-02-14 18:34:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
first of all i would get their reason in writing ,that way you will get their attention and pass you on to higher officials,
2007-02-14 18:39:12 · answer #7 · answered by mountfuji 1 · 0⤊ 0⤋