Q: Had loan from online loan company I went into default they sold my contract to 3rd party served me papers what to do now
I paid some but they want whole amount I started with to pay back
A: Typically most contracts have an "acceleration clause" that allows them to accelerate the full amount of the loan once you default. You may want to reach out to the assignee (3rd party who purchased account) and see if you can iron out a reasonable payment plan with them.
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