Wednesday, October 28, 2009

I am being sued regarding credit card debt. I refinanced 2 months ago and loan company had not sent

I received the announcement 2 days ago. I am waiting for response from loan company because I am not sure what is going on. About two weeks ago I asked them to give me a status of all the checks that had been sent out because I had not been receiving many acknowledgements of paid in full notices. Should I be calling a lawyer? Please advise.



I am being sued regarding credit card debt. I refinanced 2 months ago and loan company had not sent check in.?

This happens all too often when you rely on the refi company to pay off your debts. It is always best for you to receive the checks for each individual company to be paid off + a check in your name for any excess funds. Then YOU can mail those checks to each individual company. At least then you know that they were actually sent.



The delay could be something simple (but deadly) like they had a typo in the company%26#039;s address and it%26#039;s sitting somewhere waiting for disposition. They may have mishandled the check to or it%26#039;s sitting on the desk of someone who has left the company or is on vacation, etc.



If you don%26#039;t get answers from the company, I would contact the Attorney General%26#039;s office in the state the company is doing business in. Any company that handles people money has a %26quot;fiduciary responsibility%26quot; to assure that money is handled and directed correctly. It%26#039;s a federal offense that could cost that company a forensic audit if enough complaints are received by the Attorney General%26#039;s office.



I am being sued regarding credit card debt. I refinanced 2 months ago and loan company had not sent check in.?

Call the refinance company and don%26#039;t get off the phone until you get an answer. Keep asking to speak to a supervisor or manager if you have to. If you refinanced 2 months ago then everything should have been paid by now. I take it they were paying the bills instead of giving the money to you, right? If you can%26#039;t get any answers from the refinance company, then call a lawyer.



I am being sued regarding credit card debt. I refinanced 2 months ago and loan company had not sent check in.?

Ultimately, it is your responsibility to make sure the debts are paid in full. You should have something in your loan papers that said you should continue paying until you receive notice that the debts are paid in full.



That said, it sounds like the loan company did not follow through with your refi payoffs. I would suggest, like one of the above suggestions, that you get on the phone and don%26#039;t relent until you get an answer as to the status of the payoffs, who dropped the ball, etc.



Good luck!

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