Local residents sued over auto loans
A financial lender has filed two suits against a Port Arthur woman and two Port Neches residents it says failed to make required monthly loan payments.
Equable Ascent Financial, formerly known as Hilco Receivables, claims Judy A. White acquired a loan through Wells Fargo Financial Auto. It also says Stacy and Dennis Stout utilized a personal loan from Wells Fargo Financial Auto. Both loans were later assigned to Equable, according to the separate complaints filed April 12 in Jefferson County District Court.
Since then, however, White and the Stouts have failed to make their required monthly payments, the suit states.
"As of March 4, 2010, there continues to be owed by Defendant to the Plaintiff an unpaid principal balance of $18,360.49," the complaint against White says.
"As of March 4, 2010, there continues to be owed by Defendant to the Plaintiff an unpaid principal balance of $16,170.15," the suit against the Stouts states.
In addition to the money it says it is owned, Equable is seeking pre-judgment interest, attorneys' fees, costs, post-judgment interest at the maximum rate allowed by law and other relief to which it is entitled.
Michael J. Scott, Teri Stewart Mace and Judith Morgan of Carrollton will be representing it.
White's case has been assigned to Judge Donald Floyd, 172nd District Court, and the Stouts' case has been assigned to Judge Gary Sanderson, 60th District Court.
Jefferson County District Court case numbers: E186-507 (White), B186-508 (Stout).