View Single Post
Old 15-06-2019, 06:29 AM   #9363
Junior Member
Join Date: Feb 2019
Posts: 22
Anyone experienced receiving letter of demand from licensed money lender.What would happen next, and how much time one has before the lender takes next course of action.Thanks
hi, pls try to call them as soon as possible and ask them for slowly pay a bit by a bit like I done before.

If you still not call them I really don't know when they will take new actions that you ask (but I believe they will keep going to your place first depending on amount you didn't paid).

For my cases at first I didn't pay 5 money lander total amount more than $5000 but now I slowly pay them untill finish.
They go to my place every week but nobody home so I just received demand letter in letter box. But I call them after receiving 3rd times then I call them, but before I give them a call I transfer some money to them too to make it more easy to talk.

Some is easy and give me time to slowly pay, but some also not easy to talk but I have to take it because I really want to pay and just try to pay as much as I can.

That will be my experience for money lander.

If anybody has experience pls advice too.

Last edited by Lostmoment; 15-06-2019 at 06:39 AM..
Lostmoment is offline