I took out a loan with a finance company, part of the terms of the loan was to submit a check as collateral. Well I made 3 payments, refinanced the loan and then I fell behind on payments. Shortly after that, my checking account went into overdraft status for 2 months and subsequently, the checking account was closed. Well today I get this letter regarding warrant for arrest, so I assumed that the finance company submitted the check for payment and it was returned as "closed account". How do I rectify this situation as quickly and painlessly as possible. I do not have the funds to pay the loan right off, nor any additional fees, Nor do I have enough to post bond. Will the court work with me. In total I owe $250. The amount of the original loan. Help..
2007-09-06
15:31:03
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3 answers
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asked by
Texas_Chanell
1
in
Politics & Government
➔ Law & Ethics