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Question

can a person get sued if they are making payments on a debt?

Submitted: 255 days and 12 hours ago.
Category: Finance
Value: $9
Status: CLOSED
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Optional Information

summersville, West Virginia

Already Tried:
it's for a student loan for my daughter. i'm her mom and trying to send $100 a month, but they served papers today.

Accepted Answer

Good afternoon XXXXXXX and welcome to Just Answer!

Unfortunately, a company can take a person to court if they have fallen behind on a debt. Quite often companies will make arrangements to pay the debt back however if they fall behind at all on these arrangements or if they are late ever, many times the company will revoke this arrangement and pursue further legal action such as taking a person to court. Quite often a creditor does not have to accept a payment which is les than the full payment or if there is a default on the loan, the creditor does not have to agree to a payment plan. I am sorry that I do not have better news for you. Please let me know if you have any further questions and don't forget to click the Green accept button.

Here are a few links with information regarding defaulted student loans and what to do:
http://www.ed.gov/offices/OSFAP/DCS/disputes.html
http://www.ed.gov/offices/OSFAP/DCS/index.html
http://www.studentloanborrowerassistance.org/collections/collection-agencies/
http://www.nolo.com/article.cfm/objectId/76BDA7E4-496A-4602-AC7C62F179C9A46D/213/208/135/ART/

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Expert: Dave Z
Pos. Feedback: 100.0 %
Accepts: 
Answered: 3/11/2009

Mortgage Co. Operati&ons Manager

Operations manager for a mortgage company, Member of OAMB & NAMB, 10+ yrs experience in mtg industry

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