Archive for August 28th, 2008

Loan trouble? Don’t fear prison time

Thursday, August 28th, 2008

Dear Terry,
I surrendered my truck to a bank. I called the bank told them why and they told me where to take it. I followed their instructions, then called the 800 number and told them I had dropped it off.
I am a single mother of two with no help. I had no choice. Will I go to jail?
Jen

Dear Jen,
No need to fear any criminal charges. People get into loan trouble all the time, unfortunately, and the worst that usually happens is their credit rating is dragged down. (more…)