The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-05
$4,000 SUIT
CHARGES LOAN
FIRM ABUSE
Widow Declares Terror
Tactics Used in Effort
to Collect Debt.
THREATENED, SHE SAYS
Health Ruined and Business
Lost, Woman Asserts
in Complaint.

Charging terroristic tactics to
agents of the Personal Finance
Company, "a South Pennsylvania
street, in which she says they sub
lected her to back room" inqui-
sition, Threatening and abusing her
until she tainted" Mrs. Lottie Nc
Quade, 1926 Ashland avenue, filed
suit today in superior court three
for $4,000 damages from the loan
companys
The suit was filed by her attor-
ney, 0. j. Boulder, 305 Holiday
building. It charges that her health
has been ruined and her business
lost.
After 9 on the night of June Is,
according to the complaint, two
men drove to Mrs. McQuade's home
IN an automobile and told her they
had come to take her downtown.
Guilty Only of Poverty
She knew that she was guilty. of
no crime, except the crime of be-
ing poor and unable to meet her
obligations, the complaint alleges.
Then, in their offices on South
Pennsylvania street" the com
plant states, "she was seated in
front of two men, who began to
abuse her and call her a liar after
any statement"
Threatened and accused until
she tainted" according to the COM
plant, Mrs. McQuade, upon her re-
turn home, took to her bed with
nervous exhaustion where she re-
manned for three weeks under con-
slant care of doctor"
The illness finally resulted in
heart trouble which may end her
life at any time" the suit alleges.
Gets $500 Loan
A loan of $500 was secured from
the finance company, the complaint
declares, when Mrs. McQuade was
forced to obtain money with which
to keep up payments on a small
laundry operated at 1914 Cornell
avenue.
According to the complaint, she
purchased the laundry on con-
ditional sales contract, following
alleged information that the in
come from the business would more
than meet payments and afford her
funds to support two boys of school
age and another son and a daugh-
ter, both out of employment.
She and her family "raked to-
gether the. cash for the down pay
ment," but later business decreased
as she began to fall behind in her
payments and was threatened with
ejectment and loss of all she had
paid" the complaint alleges.
The 5000 loan was made with "all
her household goods" and laundry
equipment mortgaged as security,
the complaint states. and the money
used to meet purchase payments
and current expenses.
Goes in Arrears
With the enormous interest rate
paid to the defendant, payments
on the laundry and because of fall
ing off of business, she became in
arrears in both, and the laundry
was seized by the seller" the COM
plant charges.
After loss of the laundry and with
all the family out of employment,
Mrs. McQuade, ito make the pay
ment on the loan, robbed her chill
dren's bank and borrowed $1.8O
from a Sister-in-law to make the
$40 payment" the complaint de-
clares.
When another payment was de-
manded in two weeks. she gave
the collector $40 and he took her
receipt book. promising to return
it after checking it," but the book
has not been returned to her, al
though she has made frequent de-
mands for the return of it and
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