Internet's first get-out-of-debt community - 134,000 members

ZACK · Posted: Wed Feb 08, 2006 6:59 pm Subject:

MIKE Z

You suck a$$.

You are most likely a child predator

Guest26 · Posted: Wed Feb 08, 2006 8:52 pm Subject:

Either way -"ZACK" and "MR.DAVID".....YOU ARE BOTH PATHETIC LITTLE COWARDS, AFRAID TO REVEAL YOUR IDENTITIES!
(We wonder why??????.....NOT!!!)

GET A LIFE!

Posted: Thu Feb 09, 2006 8:48 am Subject:

okay stop the name calling lets get back to the topic at hand which is shuttign these guys down

boyer · Posted: Fri Feb 10, 2006 7:48 am Subject: paul kupferstein law offices

I too was scamed by these people and thanks to you guys I will not be sending the money to them. The threatened me too with starting a law suit "tomorrow" if I didn't fed-ex the money by noon. They threatened my Dad because his name is the same as mine that this "could hurt his credit rating anyway because our names are the same" so he was trying to get money from my parents. And why isn't this a Small Claims court issure. He threatened to charge me with fraud. I have never heard of a law office that would use these tactics. I will go the the creditor I owe the money to and deal with them directly.I will be contacting the Law Society of Upper Canada. Thankyou

Posted: Fri Feb 10, 2006 10:08 am Subject:

Boyer,

You seem to be on the right track. Contact your original creditor and settle the account with them directly. No legit company will do what this collector did with your parents.

File your complaint with higher authorities. Keep us posted on this.

Educated · Posted: Fri Feb 17, 2006 12:00 pm Subject:

Pay your bills, and no recovery attempts need be made!!

Posted: Fri Feb 17, 2006 3:25 pm Subject:

Educated,

Don't you think that the system of Payday loans is not very clear and helpful? Payday lenders often indulge in unfair activities, like hitting the accounts before the agreed date, trying to withdraw money in 2 or 3 installments, threatening of wage garnishment, adding up unnatural fees and so on.

Do you know 13 US states have banned payday loans? So there must be some reason for this ban.

BTW, we do agree that there are some good collection agencies, please check this thread-

http://www.debtconsolidationcare.com/forums/cca.html

Educated · Posted: Fri Feb 17, 2006 5:26 pm Subject:

Yes Stan,
I do think that some of the payday lending companies indulge in unfair activities.
It is unfortunate, but the Payday Loan industry is very high risk. Many people borrow, or get a pay day advance and have absolutely no intention of ever paying back the moneis that they stole. I can certainly understand why these companies may attempt to withdraw funds before the agewwd to dates - however ethically wrong that may be -
All of these people that borrow money from these establishment are given an agreement to read, clearly on these agreements are the terms. If they were to pay back these companies when they were suppose to no US states would have had to ban these companies. It's not the lending companies it's the people that steel their money and then complain about having to pay it back.
Sorry to carry on. I've check the site you've mentioned...keep in mind that debtors, are debtors, are debtors. Some of these people make a living out of ripping other people off and then they have the nerve to post on sites like this about legitamate companies and/or law firms that represent the very companies that they full well know they stole from.

Posted: Fri Feb 17, 2006 6:45 pm Subject:

Educated · Posted: Fri Feb 17, 2006 8:20 pm Subject:

This is a high risk industry. People borrow money because they don't have any. If you had money why on earth would you need to borrow some? Don't fool yourself into thinking that these people only use these services once. They go from lender to lender to see just how much money that can get before they finally get caught.
I've no doubt that there are certain individuals that utilize these services and they pay the lender back on time, and we never hear from these people - it's only the ones that don't pay the money back that have the gaul to post on these forums.

Ed

Posted: Sat Feb 18, 2006 10:29 am Subject:

Hmm�I agree with you, but partially.

Posted: Sun Feb 19, 2006 9:50 am Subject:

Ed,

I guess that I am one of the people who has the gaul to post on the forum? I myself got up in the payday loan trap and it has been a very tough cycle to get out of. I accept responsibilty for that but I did not set out to steal money. This was not my intention at all. I do not believe this to be a black and white issue as you seem to think it is. My lenders are listed with a debt consolidation company, which was the best way for me to pay back these debts. This does not give the lender any legal right to threaten or harass me, or this to be done by a collection agency on their behalf. This has happened to me and it's very frustrating when I am trying to do the right thing. Before you judge, maybe you need to walk in someone else's shoes. I think a lot of states have banned these lenders because of their illegal practices and techniques. Many are not even licensed to loan money in any state. Many threaten people at their places of employment or even their family members. This is a violation of state and federal laws. As Stan said, we are here to help each other. Thanks to this forum I have found a way out.

Posted: Mon Feb 20, 2006 2:48 am Subject: re

I am sure there are some that loan with no intention of paying back but that would be very hard to do. For one you would have to take out these loans and close your account right after. This obviously is a one time thing.

In most cases if you search around the web for it are people that get caught up in a trap and end up paying way more than their original loan until they cannot take it anymore. You loan for say $500 from most companies and you have to pay back the $500 plus interest which is most likely $30/$100. So you have to pay $650 on your next pay. Most cannot do that so they elect to either pay the $150 fee or payback the $650 and then re-loan for another $500-$600 to pay their bills.
Some companies offer partial loan payment plus fees. So for the $500 you pay the $150 interest plus say $50 on the principle. This goes on until the loan is paid. Do the math - you can endup paying 5-6X the amount of the original loan.

The average loan length or length that the average lender has with a payday loan co is 6 months. You can look that up. Imagine all the fees and interest that are collected during that time? So for your example of a one-time lender that changes accounts and never pays there is a lender out there getting soaked for a year with the same company either on fees or re-loaning to stay afloat.

So even though some have to default to get out its only after paying a ton in interest and fees.

Help! · Posted: Tue Feb 28, 2006 9:43 am Subject: Paul Kuperstein

Would this happen to be a law office in Markham?? I recently ran into some trouble repaying a payday loan and a representative from this law office called me and was extremely rude and threatened that they would sue if I also didn't pay them back within the day. Have you any more information on this "boggus company" and any words of advice on how to handle them? Are they legit? Thanks so much!

Posted: Tue Feb 28, 2006 10:45 am Subject:

Help,

Many have posted negative feedback about them, seems that they are involved in unlawful business. Being rude to consumers, harassment � all these are considered as breach of fdcpa.

If you have unpaid debts, contact your lender and pay the due to them directly. And don't pay to anybody without any paperwork. Always ask for debt validation when it comes to deal with debt collectors.

Also go through this thread to know more about them-

http://www.debtconsolidationcare.com/forums/paul-kupferstein.html

Help · Posted: Tue Feb 28, 2006 10:52 am Subject:

Sorry, One more question - does the website provided pertain to Ontario?

Thanks.

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