<BLOCKQUOTE><font size="1" face="Arial, Helvetica, Verdana">quote:</font><HR>Originally posted by Lori Pinkerton:
In 1997,I was in an accident with a party insured with State Farm. I agreed with a promissory note to pay $2,000.00 @ $25.00/month. Well, in September they sent me a letter stating I was 2 months behind and to send a payment soon. This is the last correspondence I have from them. I have since been late a few more times. They handed this over to a Subro company and they are trying to collection $1000.00 more than the original agreement. Can they do this? Why would they have me agree to $2000.00 etc. and then change it? Can I refuse to pay the extra $1,000.00 they tacked on? Help me please.
[This message has been edited by Lori Pinkerton (edited March 30, 2000).]<HR></BLOCKQUOTE>
My response:
Here's what is happening to you . . .
They paid their insured's propertly damage for $3,000.00. In order to recoup at least something of what they paid, they entered into a contract with you for a discounted sum so they can get "something" from the mess as soon as possible (although, at $25.00 / month it would take 80 months to pay that off !!)
You breached the contract by failing to pay per the terms and conditions. Now they want the entire $3,000.00 now. Can they do this? Absolutely.
IAAL
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