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    LBouchillon's Avatar
    LBouchillon Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 30, 2010, 08:20 PM
    I have an installment loan with a finance company and they have refused 3 payments
    I have a loan with a finance company. I mailed two payments in one month and my payment was returned to me with a note stating that they could not accept checks as they always have done. I sent a payment to the home office with a letter explaining that the office in Lexington had returned my check for two payments to me and copied the note that was sent and enclosed it with my payment. I have never received that particular check back and have never gotten any further correspondence from the company for over 3 months now. I have received notice of their intent to garnish my wages. What is my recourse?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    May 1, 2010, 06:09 AM

    Hello L:

    Your recourse is to get caught up on your payments, settle with them for a different amount, or go to court when they sue you.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    May 1, 2010, 06:13 AM

    Were you in default before you sent these payments?
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