What to do about collection for an alleged loan?
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What to do about collection for an alleged loan?
I had this person from an on line loan company call me about a so-called loan that I had with their company. He claimed that I took out this loan 2 months ago. I do recall logging into the said loan, but do not recall finalizing the loan, nor does my bank statements show any deposit from them. What should I do? Can they take me to court?
Asked on May 4, 2011 under Bankruptcy Law, Tennessee
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
What you should first do is to close the account that you may have entered when applying for the loan. Open up a new one with a new account number. Second, you need to contact your state attorney generals office consumer fraud division and let them know that this company - which is doing business in their state - is fraudulently representing their website and that they claim that you have taken out a loan that you may have started to fill out the paperwork for but changed your mid and never completed. Also call your state banking commission. Make sure you open a complaint with each and keep notes on who you spoke with and follow up. Good luck to you.
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