Comments on: I am nervous about langhorne debt solutions. I can only hope and pray that they are handling the matter? http://justintimelending.com/i-am-nervous-about-langhorne-debt-solutions-i-can-only-hope-and-pray-that-they-are-handling-the-matter Tue, 22 May 2012 04:02:46 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: MadMan http://justintimelending.com/i-am-nervous-about-langhorne-debt-solutions-i-can-only-hope-and-pray-that-they-are-handling-the-matter/comment-page-1#comment-2128 MadMan Wed, 14 Jul 2010 14:33:33 +0000 http://justintimelending.com/i-am-nervous-about-langhorne-debt-solutions-i-can-only-hope-and-pray-that-they-are-handling-the-matter#comment-2128 First, you CANNOT go to jail for debt. Anyone who threatens you with jail time is lying and committing a crime. As to Longhorne, they are probably taking your money and not paying your bills so that when they make an offer of 50% or less of the amount owed, they hope that the lenders will accept it. However, there is nothing obliging the lenders to accept the offer and they can sue you (not for jail time, just to get a judgment against you leading to wage garnishment, perhaps). Whatever happens going forward, your credit is ruined.
First, you CANNOT go to jail for debt. Anyone who threatens you with jail time is lying and committing a crime.

As to Longhorne, they are probably taking your money and not paying your bills so that when they make an offer of 50% or less of the amount owed, they hope that the lenders will accept it. However, there is nothing obliging the lenders to accept the offer and they can sue you (not for jail time, just to get a judgment against you leading to wage garnishment, perhaps). Whatever happens going forward, your credit is ruined.

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