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Posted: Mon Jul 16, 2007 9:57 am Subject: Debt Validation after 30 Days

Can I stil request debt validation after the 30 day period has passed? I have received a bill from Account Receivable Management of Florida for a payday loan they say I owe. I have paid well over the premium for this payday loan (paychecktoday) and they actually owe me a refund. I have reported them to my Attorney General's office and the BBB. They are one of MTE's dba, which MTE denied in response to the BBB complaint. Also, the bill sent to me has all the information on it....so, I am not sure what a debt validation request would do? If the pdl isn't legal, how can the CA collect on it? Any advice will be helpful.

Posted: Mon Jul 16, 2007 10:02 am Subject:

This has happened to me, too. Although, I sent the debt validation within my 30 days, and they have not gotten back to since I sent my debt validation and cease and desist letter. I'm not sure what you can, or what I should do anymore, but someone should be along shortly to help you out. Also, check your credit reports, and make sure that they don't ding your credit at all. ARM is not a legal collector.

Posted: Mon Jul 16, 2007 10:16 am Subject:

The CA will try and collect, whatever. They try to bully people into playing ball. You can send a debt validation request after the 30-day period has passed, but it will not stop collection efforts now. If you had sent it within the 30-days of receiving initial contact from Account Receivable Mgmt., they would have to stop collection efforts for the moment.

I would also report the pdl to the Attorney General's office in the state the pdl is located in. It certainly cannot hurt.

Posted: Mon Jul 16, 2007 10:49 am Subject:

I am going to report them in the state they are located in. That is going to be my next step. I am also sending them another more stern letter. Although I am sure they will continue to ignore it. The CA left voice messages Friday on my cell phone and work phone, but I have caller ID, so, I didn't answer. They weren't nasty just rude. However, if the pdl is illegal and the collection agency is illegal....how can they do anything?

Posted: Mon Jul 16, 2007 11:14 am Subject:

As far as I know, Account Receivable Management is owned by GC Services, which is one of the largest, privately owned collection agencies. They are not an illegal collection agency; therefore any written correspondence they send to you will have the proper disclosures with regard to their licensing. I have had personal experience with this agency on an old credit card. While they were not exactly nice and polite, they did work with me to come to an acceptable settlement/payment plan. I was unaware that ARM was now collecting on payday loans. If I were you, I would contact MTE directly with regard to the illegal PDL; ARM would have no knowledge of what laws the PDL is subject to.

Posted: Mon Jul 16, 2007 11:24 am Subject:

I have contacted MTE more times than I can mention. I have also contacted the AG office and BBB. I have overpaid the pdl. So, I am not going to make payment arrangements with the CA....since the debt is paid. I am going to contact MTE and file a complaint with the AG office in their state. I will also contact the CA letting them know that I am not going to pay on a debt that is already paid.

Posted: Mon Jul 16, 2007 11:29 am Subject:

Well, I sent ARM a debt validation letter almost a month ago, and haven't heard anything, and there have been no collection attempts. Would GC Services not collect on in further if it not a valid, legal debt? I did overpay this debt, so I'm not quite sure what else to expect.

Posted: Mon Jul 16, 2007 11:33 am Subject:

I think that is a wise decision. Once you get your account closed by MTE, you need to receive written proof that they have notified ARM to stop collecting. My point about ARM is that since they are legit, they can take action such as credit reporting, serving you with court notices, etc. so you don't really want to just ignore them. In the meantime, you might remind ARM that you sent them a cease and desist and by calling you, they are in violation of the C & D order.

Posted: Mon Jul 16, 2007 11:59 am Subject:

See, but if you file with the BBB, MTE responds saying that they no longer have control to make arrangements, as the file has been passed to the collection agency, and that I should have a copy of my documents, and they won't send it, or show calculations of how the debt is validated. They lie to the BBB as well.

Posted: Mon Jul 16, 2007 12:04 pm Subject:

Yes they lie to everyone. They told the BBB that they had nothing to do with Paychecktoday although the loan agreement has MTE Financial dba Paychecktoday. BBB faxed them the documents. Then they told the BBB they didn't know how another PDL was able to use their name and they would need to investigate.....please. This is why I am going to file a complaint with OK AG and see if it helps at all.

Posted: Wed Jul 18, 2007 8:07 am Subject:

Tali, can you let me know how it goes with OK AG? I tried to file a compliant with them, and I can't find the way to do it.

Posted: Wed Jul 18, 2007 10:58 am Subject:

Hmm I sent a letter after the 30days it was like 5 days after the 30, hope it wasnt too late.

Posted: Wed Jul 18, 2007 11:45 am Subject:

You can request debt validation at any time. It's the collection agency that has 30 days to respond. What 30 days are all of you talking about?

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