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Old 01-04-2013, 10:31 AM
 
270 posts, read 377,621 times
Reputation: 90

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I have a personal loan that I have been paying since 2010 but I am baffled by some current events. I was going to pay my weekly amount but the website is completely down. No one is answering the phoone and I contacted the Better Buisness Bureau and was told that they are out of buisness, no number listed and mail has been returned. They advise that legal counsel be sought. This is a first for me...what should I do? I still have a balance but I'm not sure where to start. Any thoughts?
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Old 01-04-2013, 10:37 AM
 
Location: New Jersey!!!!
16,118 posts, read 11,349,615 times
Reputation: 17759
What a fine predicament to be in! I don't have any legal advice on this one, but I'd have to say my first thought is that some other business will likely purchase their debts and contact you to continue payment, sort of like how mortgages work.
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Old 01-04-2013, 10:38 AM
 
Location: USA
8,012 posts, read 10,812,384 times
Reputation: 3442
wait for a collector to call you
and offer him a cheap settlement
i guess.
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