I had a loan with an illegal pay day loan company. When I discovered they had no license to operate in my state I had paid them over $900.00 on a $300.00 loan. I wrote them a letter (certified) using the template provided on this site. Now this illegal loan company has turned this debt over to a collection agency.
QUESTION: Does the collection agency have to verify that the original debt was legal?
I do not know if ACA Recovery Inc. is licensed in Mississippi or not. I do know that the original debt was not with a licensed business in my state.
I hope someone can answer this question for me.