WHAT CAN YOU DO IF YOU ARE ALREADY PAYINGgreenspun.com : LUSENET : Repossession : One Thread
MY DAUGHTER WAS CHASED BY HER LENDER, FOR SHORTFALL DEBT AFTER SHE HANDED HER KEYS BACK. NEARLY 11 YEARS LATER SHE WAS CHASED FOR THE SHORTFALL. HER AND HER HUSBAND TOOK OUT A LARGE LOAN TO PAY THIS WITHIN A MONTH, AS THEY FELT THREATENED AS HER HUSBAND IS IN THE ARMED FORCES AND THEY WERE WORRIED THAT THIS WOULD AFFECT HIS WORK.
I WISHED SHE HAD KNOWN AND SEEN YOUR SITE PRIOR TO THIS. HOWEVER, IS THERE ANYTHING SHE CAN DO NOW?
-- hazel winwright (firstname.lastname@example.org), April 09, 2002
Very unlikely, unless the amount was paid under duress, and then you need a lawyer to prove it. However, if the Lender made first contact after 11 years (who was the Lender?) and they subscribed publicly to the 6 year rule, it seems very harsh. Unfortunately, given your son-in-law's status, they probably did the right thing. Service personnel should not be involved in litigation over money as you know, as it can affect their position, particularly if the person concerned is an Officer. Either way, if the CO got wind of what was happening, your son-in-law could have been busted for it. I do hope the loan is manageable and that they got a letter confirming full and final settlement from *all* interested parties.
-- Too scared to say (email@example.com), April 09, 2002.