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Unpaid Loan with Acquired Bank

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1Unpaid Loan with Acquired Bank Empty Unpaid Loan with Acquired Bank Fri Jul 25, 2014 12:45 am

jkroldan


Arresto Menor

My friend has an outstanding loan with Bank A which was acquired by Bank B two years ago. She was not aware of this and was contacted just this month by a collection agency demanding payment in behalf of Bank B. Can she be required to pay when she has no agreement with Bank B. Also, can they require payment amounting to almost 6 times the loan balance, accordingly due to interest and penalty charges? Thank you!

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