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General Discussions
The Watercooler
Loan update
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<blockquote data-quote="InsaneCdn" data-source="post: 578282" data-attributes="member: 11791"><p>The company may be legit, but this particular transaction may not be... as in, they are not a total scam outfit - they DID lend you money, for example. But... they are "shady".</p><p></p><p>They need to be able to prove HOW they compute what you owe them.</p><p>Without a detailed inception-to-date statement... AND the original documentation of the loan... </p><p>THEY have nothing to go on in court.</p><p></p><p>Court doesn't just take their word that you owe them XXX dollars.</p></blockquote><p></p>
[QUOTE="InsaneCdn, post: 578282, member: 11791"] The company may be legit, but this particular transaction may not be... as in, they are not a total scam outfit - they DID lend you money, for example. But... they are "shady". They need to be able to prove HOW they compute what you owe them. Without a detailed inception-to-date statement... AND the original documentation of the loan... THEY have nothing to go on in court. Court doesn't just take their word that you owe them XXX dollars. [/QUOTE]
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