Internet's first get-out-of-debt community - 129,000 members

looking4answers · Posted: Wed May 10, 2006 4:38 pm Subject:

Hi John,

Yes I did start another thread, I didn't want to "highjack" the other persons. thanks for your response.

I tried to verify their address that another person posted and they would not tell me.

What is the FDCPA?

Posted: Wed May 10, 2006 4:57 pm Subject:

Hi looking4answers

No worries. Feel free to browse and post your comments at any thread in this forum.

FDCPA is the legal weapon used by the consumers against the shady collection agencies. Many CAs practice wrong and perhaps illegal collections on the consumers. They try to make money from the people by using scare tactics and misrepresenting the accounts. The federal government gives the legal powers to the consumers and educates how to deal with such business.

Have a look at the page below. You will educate yourself with the laws forced on the CAs.

http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm

Posted: Thu May 11, 2006 7:03 am Subject: looking4answers

When they contacted me they told me the same thing that I was going to jail and I had better pay. What I checked my state laws on payday loans and it says that they can't file criminal charges in the state of Oklahoma on me I told the lady that and she said that they would do it where the payday loan company is at. I called the ftc and reported the I am not sure of there correct name but I do have their phone # and he said that if enough people call in then they will go after them but they cannot do anything for just one person. Try to get there name and address (if you are dealing with the same company I am they won't give it to you)

Browsing · Posted: Thu May 11, 2006 1:22 pm Subject: looking4answers

internet search shows them as (cut and paste) "Legal Mediation Practices
1919 Blanding Blvd # 10, Jacksonville, FL
(904) 387-3187" not area code 940. Research shows they are a collection agency just like any other. They use the name to scare people. All they can do is ask you to pay it. They collect money and that is all they can do. Here is the site where you can read the laws for your state..http://www.payday-loan-laws.info/Payday_Loan_Laws_States.htm

found this too · Posted: Thu May 11, 2006 1:33 pm Subject: don't worry

Also, I can't find anything saying a person could go to jail. It following seems to be the worse that could happen. "After You Get a Payday Loan

What if the unexpected happens and you cannot pay off your payday loan on the maturity date? Contact the payday loan lender regarding repayment options. Most payday loan lenders are flexible, and offer different options or rollovers on the loan amount. You should be prepared to pay the initial fee again, however. Try to pay back the fee and as much of the principal as possible.

The most important rule of all: do not default on the payday loan! If you default it can cause many sets of problems for you, like extra NSF fees from both your bank when the payments bounce and as specified in your contract with the payday loan or cash advance company. The payday loan company may also send your account to a third party collections agency, which could be very detrimental to your long term credit options. In addition, your default will be reported to consumer credit agencies that can make it impossible for you to obtain another payday loan or even open a new checking account in the future. As a last resort some lenders will take defaulting clients to court and sue them. (Also, I don't think a collection company will sue you for such a small amount of money. Ask the person if they are an attorney. Ask for the attorney and make the person state they "are an ATTORNEY"

continued · Posted: Thu May 11, 2006 1:44 pm Subject: partner?

I also read someone there stated they are a supervisor and partner? A partner of what? Make them say the are an "ATTORNEY" because they are not. They are a collection company.

continued · Posted: Thu May 11, 2006 7:00 pm Subject: FDCPA is:

Duplicate content removed as per forum rules - Mike

http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm

more helpful answers · Posted: Thu May 11, 2006 7:05 pm Subject: The Law

Duplicate Content removed as per forums rules - Mike

http://www.ftc.gov/

Posted: Thu May 11, 2006 7:11 pm Subject:

Good show! This sums up everything about consumer's rights! Also, I just had to say that if Legal Mediation breaks the law so much, they should change thier company name in order to be politically correct.

more information · Posted: Thu May 11, 2006 7:16 pm Subject:

Duplicate Content removed as per forums rules - Mike

Guest · Posted: Thu May 11, 2006 7:17 pm Subject:

copy and past the link:

http://www.paydayloaninfo.org/

looking4answers · Posted: Tue May 16, 2006 9:57 am Subject:

Hey everyone,

I took off from work a few days, had to get my head together, etc.

I thank EVERYONE from the bottom on my heart because these people stressed me out. I did send them a certified letter of verification that I got off this site. I got their address from another post.

I received my paydayloan from Ace Check Cashing and thier policy is pay back the entire loan and fees and get another loan for either the same amount or more or less. They do not do payment arrangements and neither does the LMP.

I will be paying off this loan in 2 weeks and I NEVER want to see another payday loan again in life, my new motto is "if you can afford to pay the pdl folks back in 2 weeks, you can afford to wait those 2 weeks for whatever you needed the money for in the first place and save those extra $$$$ for something else"

hey lookin4answers · Posted: Wed May 17, 2006 3:37 pm Subject:

That collection company will take whatever you send to them and they will accept a payment plan if you refuse to pay it all upfront. That would also mean that you will have to deal with them alittle longer than planned. I know someone who did a payment plan with them. Does anyone else?

Draavyn · Posted: Wed Aug 09, 2006 8:39 am Subject: Legal Mediation Practice

My name is J.M. Carter and I live in VA. I had a payday loan that i defaulted on. I was contacted by Legal Mediation Practices and they threatened everthing from location and prosecution for bank fraud to Jail time even after I tried to make payment arrangements.

I contacted the lender and and collection agency after a day of talking and being terrified of what they threatened because I did not know any better. Once I found out what my rights are I sent a letter as I stated to both the lender and collector demanding satifaction.

The lender's attorney called me and they have written off the loan, forgave it. I am have since filed a suite against Legal Mediation Practices for violation of FDCPA and other very serious violations of law.

I am writing this to ask if you would be willing to discuss your experiences with me concerning this matter to help stop this company from doing this to others. Please feel free to email me at, Email address removed as per forum rules - Mike. Please know this....I am NOT an attorney nor do i represent one. I am a consumer just like you. I had a hard time and needed cash to take care of it. Yes I intened to pay the loan back as I do not believe in being given anything. But when someone blatently breaks the law, that person or entity should be stopped.

Thank you all and find out what your rights are immediately when contacted. And make sure you document EVERYTHING. Names, dates, times, conversations word for word.

Jeff.

Draavyn · Posted: Tue Aug 15, 2006 7:41 am Subject: Correction

Correction to my last post, and an apology for breaking forum protocol. Anyone needing information from me...feel free to post your question of concern here and I will answer it.

DD · Posted: Mon Aug 28, 2006 8:25 pm Subject: Payday loans

These nasty people contacted me at work today and told me the same thing about coming to my work to "embarrass" me.They also told me I was being charged with fraud and that I would go to jail. I am a good hardworking person who is having a very hard time right now, which is why I needed the payday loan. I understand the people who say you need to pay your debts and I agree, but try and be more understanding, you dont know peoples personal situations and you obviously have no understanding. I lost my purse the day my payday loan was due and I had the cash to pay that loan in that purse. Shit happens.There are worse people than those who dont or cant pay their payday loans. Losing a purse, for those of you who never have, is like losing part of your life. You have to run around for weeks, sometimes even months to get back the things taken from you, and the payday loan companies arent hurting that much when they have a 319% interest rate.
There are much worse people who belong in jail than people who cant payback a loan.

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