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 Posted: Sat Aug 12, 2006 10:49 am Subject: Arrowhead investments |
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I got a loan from Arrowhead Investments apparently, they took out a couple of refinance charges, when i tried to stop payment due to financial issues, i started recieving phone calls from a "legal"; company that threatened to have me thrown in jail if i do not pay them 580 by 4 pm. They told me to kiss my family goodbye. I tried to work out a payment plan with them and they refused. They even hung up on me twice. I havent recieved any paperwork in the mail or email and i am unsure of my legal rights.
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babimama_22
Joined: 12 Aug 2006
Posts: 4
Debtcc Points: 120
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| Posted: Sat Aug 12, 2006 11:26 am Subject: |
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The company that contacted you on behalf of Arrowhead Investments seems to be a collection agency. Being a CA, they are forced to follow the federal laws giving out the complete information of the debt in writing. You are not legally forced to pay them anything without getting the proper documentation in writing. Don't get scared by their collection techniques. It is against the federal and state laws. There is no jail sentence for not paying the debt. This is a civil case and the most that can happen is that the case will be filed in a small claims court. You will be asked to present your side of the story before any payment arrangements are done for you.
Ask the company to show you the details of the debt they are collecting for. Force them to go through the debt validation process. They can't escape this rule. If they don't send you anything in writing, send a letter from your side taking the responsibility of inquiring about the account. The facts have been nicely explained in the FDCPA.
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Gretchin
Debt Samaritan
Joined: 18 Feb 2006
Posts: 498
Debtcc Points: 8504
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| Posted: Sat Aug 12, 2006 11:31 am Subject: pdl |
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okay now how do i go abnout that process. Also how do i find out who this company is. THey refused to give me there caompany name or information. The number is 813-322-3459
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babimama_22
Joined: 12 Aug 2006
Posts: 4
Debtcc Points: 120
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| Posted: Sat Aug 12, 2006 12:48 pm Subject: |
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813-322-3459 belongs to United Federal Dept. Read this thread.
http://www.debtconsolidationcare.com/forums/about9553.html
Did you get an idea what type of crooks UFD is after reading the link above? debt validation is a must for them and they must not refuse to put your account in writing before doing collections on you. They have to follow this federal rule.
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IncredibleHelp
Joined: 30 Jun 2006
Posts: 499
Debtcc Points: 7670
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| Posted: Sat Aug 12, 2006 5:43 pm Subject: pdl |
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okay, so if i call them and ask for a debt validation, they have to send it to me. Also how do i go about turning them in? Do i get a attorney, tape conversations, etc. They have threatened myself and my family, they also have told me they will come to my house and it will be the biggest i make. Also i have offered to pay them, they want 290 and that is money i just cant afford. I offered to make payments and they refused and said monday morning i will be in jail so paying my other bills wont matter.
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babimama_22
Joined: 12 Aug 2006
Posts: 4
Debtcc Points: 120
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| Posted: Sat Aug 12, 2006 8:38 pm Subject: pdl |
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also, if they refuse to take a payment plan, or any type of payment am i still obligated to pay?
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babimama_22
Joined: 12 Aug 2006
Posts: 4
Debtcc Points: 120
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PinkLady
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