Results 1 to 4 of 4
  1. #1
    Join Date
    Oct 2011
    Posts
    2

    Default Sued for Withdrawing More than Loan Amount

    My question involves collection proceedings in the State of: Florida

    I had a signature loan with a credit union for $1,000. I asked for a credit line increase and recieved $3,000. I was able to pay the loan down and withdraw money if needed. I withdrew more than it was limited too. I have direct payment from my checking and have always paid on time. The credit union is sueing me in civil court for an unknown reason as I haven't been officially served yet. I looking for legal advice to get started.

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: I Withdrew Over Loan Amount

    did you give them back the money that you borrowed that took you over the credit limit?

  3. #3
    Join Date
    Oct 2011
    Posts
    2

    Default Re: I Withdrew Over Loan Amount

    Not in full. I'm making auto payments monthly and i haven't missed one yet.

    Automatic payments

  4. #4
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: I Withdrew Over Loan Amount

    Quote Quoting louish25
    View Post
    Not in full. I'm making auto payments monthly and i haven't missed one yet.

    Automatic payments
    well, the problem is:

    did they agree to accept monthly payments? If not, I suspect the suit is for whatever you withdrew that was beyond the credit limit.

    Once you get the complaint and summons, come on back and let us know what you are being sued for. Until then, everything is simply guessing.

    1. Sponsored Links
       

Similar Threads

  1. Compensation and Overtime: Boss to Withhold Set Amount from Paycheck to Pay Off Personal Loan
    By Ryan Haney in forum Employment and Labor
    Replies: 3
    Last Post: 03-17-2011, 07:55 PM
  2. Loan Agreements: Can I Sue Cosigner for Amount of Personal Loan Tacked Onto Auto Loan
    By ktvd in forum Cars and Dealerships
    Replies: 3
    Last Post: 07-01-2009, 02:57 PM
  3. Debt Collectors: Getting Sued Over a Personal Loan
    By mdavenger in forum Debts and Collections
    Replies: 1
    Last Post: 01-07-2009, 08:09 PM
  4. Repossession: Sued in Michigan Over A Defaulted Car Loan
    By Rcrand03 in forum Cars and Dealerships
    Replies: 1
    Last Post: 07-10-2007, 05:07 PM
  5. Repossession: Being Sued For Car Loan
    By bcgexpress in forum Cars and Dealerships
    Replies: 1
    Last Post: 11-12-2006, 04:54 PM
 
 
Sponsored Links

Legal Help, Information and Resources