What different between default and fraud?

Submitted by patin_1940 on Thu, 08/27/2015 - 00:38
Forums

I have a couple loan deposit to my bank acct. then I have my bank acct closed.i haven't make one payment to those loan.Can I be charged for fraud?or default.
And how many judgement are allowed to have for one person record.

Anonymous (not verified)

Do you have any reason as such for not paying the loan amount.

Thu, 08/27/2015 - 05:42 Permalink

Yes..my husband 75 yres. old and has been very ill .he receive SSI a little income. I'm 60 yrs old and recently I have to stop working due to my disabled. And it put us under financial distress. We start making a stupid loans try to survive. Currently his Medicare Ins. stop pay for his insulins because the gap insurance policy.when we went to refill his pharmacist told us ,she did already contacted them for us. We have to pay full amount of his insulins $210. each.( he use 2 types per day)
We can't pay any payment beside not try to be homeless. I'm not sure if we're make a loan and closed bank account,they will charged us for fraud. Should I try to borrow to make at least one first payment.
I know that ,since I stop working we can't afford to pay back those 388% interest any more. Thank you for replying me please give me some advices, I'm really appreciated .

Thu, 08/27/2015 - 12:57 Permalink