Can a mentally ill person be held for money got from finance companies?

Answer 1

The answer is, maybe not, but using your mental health as a defense in Court is extraordinarily risky.

If you can show that you were, say, manic, at the time you obtained the loan, then you were not competent to sign the contract under the law of most states. You are thus not responsible for the debt. This will require medical records, doctors reports, admission records. You get the idea. You'll need to prove you are mentally ill, and had active symptoms at the time of the loan.

That is, unless you've already been adjudged incompetent by a Court prior to taking out the loan. In which case, you just need to present that judgment as evidence.

But understand that you are playing with fire on this. You are actually going to ask a judge to rule for the permanent record that your mental illness is so severe that it made you do an incredibly rash, incredibly foolish thing, that only the Court's intervention could save you from. If you have not already been adjudged incompetent by a Court, this will be a basis for having that happen. It can also be used at any commitment hearing you might be forced to attend. You will never get a security clearance. There are all manner of very serious legal consequences to what you're asking.

If you are not currently drawing SSD for your mental illness and have not already been adjudged incompetent by a Court, I sincerely recommend you don't try this as a defense.