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Can a loan institution suspend CDL?

Discussion in 'Questions From New Drivers' started by AZGearJammer, Sep 25, 2010.

Page 2 of 3
  1. Sep 25, 2010 #11
    Powder Joints

    Powder Joints Subjective Prognosticator

    7,162
    6,734
    Sep 25, 2007
    Rosamond, SoCal
    0
    No they can not, but your not the first to be lied to, and if your still in school you will hear plenty more. You did not sign it, right.
     
    Powder Joints, Sep 25, 2010
    Powder Joints, Sep 25, 2010
    #11
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  3. Sep 25, 2010 #12
    fulgrwnmn

    fulgrwnmn Light Load Member

    276
    54
    Sep 17, 2008
    whitehouse,oh
    0
    If the DOT is funding it.................say goodbye to a bad start, but don't worry, they don't fund them, and if they ever do, run..................run very very fast
     
    fulgrwnmn, Sep 25, 2010
    fulgrwnmn, Sep 25, 2010
    #12
  4. Sep 25, 2010 #13
    AZGearJammer

    AZGearJammer Bobtail Member

    13
    2
    Sep 21, 2010
    Phoenix, Arizona
    0
    Well, lets see....If I do not sign it, I dont graduate and thus not be able to feed my family. Of course I signed it. Like I said earlier, I have no intention of not paying my debt. The paper did not matter to me. If I can not pay it, it means I am not working and if they could suspend it, it would not matter anyway. My credit is shot already from the economy taking a crap, so what do I care? Getting a new career is what is most important to me at this point. If not this career another. I will survive one way or another. I am a very determined person and feeding and providing for my family is the most important thing to me.
    The whole point of this tread was to ask if it was possible for a financial institution to suspend or revoke a CDL due to non-payment.
     
    AZGearJammer, Sep 25, 2010
    AZGearJammer, Sep 25, 2010
    #13
  5. Sep 26, 2010 #14
    walstib

    walstib Darkstar

    4,674
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    Sep 25, 2010
    Since you aren't there, your house!
    0
    IF they could, I could only see it after a determination has been made that you just aren't going to even try...Cutting you off from the means to make the payment is illogical but I'm pretty sure they have no ability to do this...Sounds like a weak scare tactic...
     
    walstib, Sep 26, 2010
    walstib, Sep 26, 2010
    #14
  7. Sep 26, 2010 #15
    thelastamericanhippy

    thelastamericanhippy Road Train Member

    1,038
    311
    Jul 10, 2010
    jacksonville, fl
    0
    Did you read everything you signed ????

    Everything ??
     
    thelastamericanhippy, Sep 26, 2010
    thelastamericanhippy, Sep 26, 2010
    #15
  8. Sep 26, 2010 #16
    walstib

    walstib Darkstar

    4,674
    35,436
    Sep 25, 2010
    Since you aren't there, your house!
    0
    Just because you signed something doesn't always mean it's worth the paper it's written on...MANY co-signers on car and home loans have walked away with out liability or obligation when it goes to court..They can put whatever they want in a legal document, doesn't mean it'll hold up in court...Not saying that's the case here, although it sounds like it, but just signing something doesn't mean it's legally binding...Sad but true...
     
    walstib, Sep 26, 2010
    walstib, Sep 26, 2010
    #16
  9. Sep 27, 2010 #17
    AZGearJammer

    AZGearJammer Bobtail Member

    13
    2
    Sep 21, 2010
    Phoenix, Arizona
    0
    Again, thanks for all the replies. I agree that it is a weak scare tactic. Any thoughts on a good starter company?
     
    AZGearJammer, Sep 27, 2010
    AZGearJammer, Sep 27, 2010
    #17
  10. Sep 27, 2010 #18
    end of the road

    end of the road Heavy Load Member

    868
    540
    Jul 4, 2010
    Northern Canada
    0
    Any one that will hire you. Then go from there.
     
    end of the road, Sep 27, 2010
    end of the road, Sep 27, 2010
    #18
  11. Sep 27, 2010 #19
    Emulsified

    Emulsified Road Train Member

    3,663
    3,496
    May 6, 2010
    Dallas, TX
    0
    the words "starter company" and "good" are often incongrueous in the same sentence.
     
    Emulsified, Sep 27, 2010
    Emulsified, Sep 27, 2010
    #19
    Dan.S and x1Heavy Thank this.
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