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  1. #1
    Join Date
    Feb 2010
    Location
    Shelbyville, KY
    Posts
    90

    Default Personal Loan Collection Process

    What is the process of collection for a company that provided a personal loan? Just curious about what all is involved and approximately how long it would take (and the factors that would affect it). Thanks!

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Collection Process

    If they have a judgment against you and you don't pay it, they can ask the court to allow them to utilize collection tools such as garnishment and execution.

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