Rapid Car
Monday, January 25th, 2010Rapid Car
Could Pam legitimately refuse to pay Rapid?
Pam borrows $5000 from Quality Auto Sales to buy a car. When Pam does not pay the loan or return the car, Quality wants to transfer the right to the payment to Rapid Collection Agency. Rapid agrees to pay Quality for this right, but for a price that is less than the amount owed. Can Quality transfer this right to Rapid without Pam’s consent? If so, and Quality committed fraud in the deal with Pam, could Pam legitimately refuse to pay Rapid?
It is perfectly legal for them to sell lthe deliquent account to a collection agency. She defaulted on a loan and therefor broke the signed contract she signed when she accepted the loan agreement. She could also be liable for all legal expenses incurred in trying to recover the money. Plus it will destroy her credit for the next seven years. TELL PAM TO BE A RESPONSIBLE ADULT AND PAY HER BILLS!!!!!!
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