ZENCO COLLECTION, LLC Consumer Loan Complaint

ZENCO COLLECTION, LLC Consumer Loan department,

Vehicle loan Problems when you are unable to pay Texas

I received a call on -/-/- at - in the morning from Zenco Collections - - - - , T- - on a auto loan incurred in -, with a remaining balance plus interest incurred after the vehicle was surrendered back to the finance company in -, - being 90 days past due payment. At that point I had been laid off from my job and could not meet this obligation on unemployment insurance. At the time I surrendered the vehicle, I was unable to attend my father 's funeral for lack of funds. This morning I was threatened with wage garnishment, legal action to seizure of assets, and potential incarceration unless I agreed to immediate payment of $2000.00 or a minimum payment schedule of $50.00 per month to pay off the debt. While I agreed to this since I have no means to defend myself in court and I was under pressure by their threats, I explained to them that I was currently on half-hours in employment and having trouble covering food, shelter and daily expenses. My wife retired prior to my hours being reduced and is on a fixed income. I have been putting off medical and dental work because I am unable to afford the deductible/copayments at this time. They insisted that I MUST give them an answer at this moment or face legal action. After Checking about dedt collection and finding that the debt was beyond 4 year Statute of limitations. I contacting the States Attorney for Consumer Affairs. I cancelled the debit card that I had given to these people, understanding that the debt itself was past collection limit, and that the pressure used was unethical and unfair.