MRS Associates has just gotten in touch with me to

MRS Associates has just gotten in touch with me today saying that I need to pay them $47,000 up front or else teh company who lent me my school loan will sue for the original $60,000what I dont understand is I was working with a loan company and had set up an agreement of making patments of $250 for 6 months then reevaluating the monthly payment. Nobody was in touch with me and they didnt take money from my account even though they had access to it. And now im getting this

3 Answers

Private loans do routinely sue...even if you are making payments.  It is just how they operate.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

This is a private loan


Private loans or federal loans?

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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