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My Mom and Dad Needs Help, Predatory Lending.

Posted on: 03rd Aug, 2009 09:07 pm
In 1988 I got a loan from a company called United Co. the loan was for $2,500, one year later a company called Associates Financial paid them off $12,000, and we later borrowed 2,500 from them with in a year or so I had borrowed about 1,000 more the total amount was about $7,000, with interest and all we owed about $28,000 we were paying $365.00 a month for 10 years. Then there was a law suit against them. I got a settlement from the law suit for $1,800 and I signed a release from that contract, then they changed their name to Citi Finance, and they said they brought my contract so now I have been paying these people for about 20 years or more, and I still owe them $25,000. I never heard of such a thing. I’m 75 years old and I need justice I am disabled to work, I don’t have money to pay a lawyer, and I had to file bankruptcy, and still pay them also. Its wrong and I need help . I have contacted the Attorney Generals office. And I got no help from them. Please Help.
missrose, the sequence of events is quite difficult to make out. i have to say that if the attorney general's office was unable to help you out, there's probably not another agency that will be much more helpful.

i know it's probably all confusing to you as well, but if you can lay out the sequence of events with a bit more detail, that might make it easier for someone to decipher.

truthfully, at the age of 75 and disabled, i would probably ignore them for the remainder of my life, even if that meant another 35 years to 110. but that's not necessarily a recommendation, mind you....more speculation than anything else.
Posted on: 04th Aug, 2009 08:28 am
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