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Old ITT loan
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Posted by Robin (32.100.147.25) on April 01, 2002 at 14:46:00:
I have an old ITT then Household Finance loan that charged off on 7/94 bal $3122. I figured at the time that the worse thing that was to happen was 7 years of bad credit (stupid young person!) Never heard from them again. Now I get a call from CA stating that I owe $9417.00!!! 26.1% interest times 8 years!!!! I have a good job and a house with my husband. They are threatening judgement if I dont pay. They sent validation of the debt (the original loan papers) and are requesting a settlement of $6800.00! What in the world do I do?? and does a judgement mean they can put a lien on the house until the judgment is paid??
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