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Personal loans for anyone

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Personal loans for anyone

The lenders typically win because consumers dont show up to court. Nearly all lawsuits against consumers today are for relatively small amounts, says Michael Bovee, president of Consumer Recovery Network, a debt settlement company. The lenders typically win because consumers dont show up to court. The judge then enters a summary judgment, and the court can personal loans for anyone to collect the money you owe on behalf of the collections agency. Depending on your state law, you are exposed to property liens, bank account levies and wage garnishment, Bovee says.

You should never ignore a lawsuit, says Lauren Saunders, associate director of the National Consumer Law Center.

Personal loans for anyone