Loan

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Cbrown101

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Hello I have a question about recovery. I had a loan from my young college years that has caught up with me. I was contacted by Redline Recovery and they said that is I did not make this payment that I will be sued. I made the first payment but I can not afford to take the the laon amount on because one I work 10 months not 12 and to my account is already overdraft and that is the last thing I need is more overdrafts. I closed the agreement that I had with them and the said that they would send it to the attorneys to see what they will do. Is this something that I will go to jail for/ how will they handle this? Also I'm still current in school gaining another degree hoping that I can go and get my Masters, plus my credit is bad. Will I be able to get the masters loan and will this situation hurt me. I just don't want to go to jail for not paying a bill. What can I do? I just don't have the money and I don't want my pay garnish because I don't make that much. Who can I call.:confused::confused::(
 
First of all, you are not going to go to jail. The worst that will happen is they will get a judgment against you, and can then have your wages garnished. Go to court and explain the situation. At least that way the judge MIGHT order a reasonable amount to be garnished each paycheck.
 
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