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 Post subject: Did you pay the bank back? What are banks recovering ?
PostPosted: Mon Mar 19, 2007 10:34 am 
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Joined: Tue Jul 19, 2005 10:45 am
Posts: 73
Location: Rome, Georgia
I was scammed in 2005. We paid the bank back $18K. I am wondering how many other victims have repaid the banks? Payment plan? I would think that some victims file bankruptcy or default? Does anyone know what the fallout of this has been like?


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PostPosted: Mon Mar 19, 2007 12:06 pm 
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Site Admin/Co-Founder

Joined: Mon Mar 31, 2003 10:09 pm
Posts: 2920
Most victims do end up paying the banks. Some of the banks will even offer the victims a low interest loan so that they can pay them back over time . . . of course the bank then makes money off of the loan.

Some victims get lawyers and fight the banks, which usually ends in an out of court settlement.

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