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#17
09-20-2006, 07:52 AM
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They can call your job to verify your employment, but they can not disclose personal info. such as the nature of the call and your issue with the company. They can not do anything to your employer for taking the loan out on the internet while using their computer. This is a scare tactic.
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#19
09-20-2006, 08:04 AM
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There is a posting somewhere here that LCW did yesterday about these federal laws they keep scaring people with. When you read the law they are actually the criminals and can't charge you with a thing. Just a scare tactic. This is a scary situation but once we calm down and think things through rationally, none of these threats hold merit, and we can use our common sense to see who the real criminals are, then once you have calmed down from the "fear" , common sense and reality sets in and dealing with the matter is much easier.
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#21
09-21-2006, 08:26 PM
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I keep reading posts that claim people are calling from my law office making threats. We ended our collections practice at the end of June, and our last contract with any payday lender (for corporate work only) ends this month. In fact, we're already gearing up to convert the entire practice to a consumer debt settlement firm.
Needless to say, I am very concerned when I read that ANYONE is using my firm's name for collections. So my questions to anyone who has received such a call since June 30, 2006 are: 1) Did the collector identify himself or herself? (And if so, what was the name given?) 2) Did the collector state which company they were collecting on behalf of? I would really appreciate any information the members of this board can provide so I can get to the bottom of this. Thank you.
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#24
09-22-2006, 09:54 PM
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Thank you for answering. At least with Nationwide, there is a logical explanation for why someone might think it was my firm calling. (I was worried it might be some collection agency.)
From 2004 till this past June, I did do some collections for NWC. But I have since returned all of the files that we had been working. Nationwide's in-house collectors have been working the files ever since. In these cases, it would be natural for my firm's name to arise during a call. Beyond those cases, my firm might be mentioned because NWC is still using accounts I set up for them to process collections payments. Although these are Nationwide's accounts, Langhorne Law still shows up on the borrower's bank statements. (I have have been assured by the processing company that, starting in October, these charges will appear under Nationwide's own corporate name.) As confusing at this could be, they're a far cry from someone claiming to be an employee of Langhorne Law. Needless to say, I'm relieved by that. Frankly, I've given this much thought since last night and cannot imagine why any collector would claim to be calling from my firm. There would be no advantage. When I did third-party debt collections, I was subject to the fdcpa. Period. Being an attorney made no difference. But in-house collectors are not required to follow the FDCPA. So why would someone who CAN legally use high-pressure tactics pretend to be someone who CAN'T use those them? One thing I can assure everyone is that no calls have come from my office since June. I have no collection accounts for any client and have disbanded my entire collections department. My firm is actually closed pending a "grand re-opening" on October 11th as a consumer debt settlement firm. None of my former collections paralegals work for me any longer as I've hired an entirely new staff. Ironically, we are going to specialize in negotiating settlements of payday loan debts. Somehow, I doubt I'll be on any of my old clients' Christmas card lists this year.
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#26
10-02-2006, 03:52 PM
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Send a cease and desist letter. Go to this link for the template
http://www.debtconsolidationcare.com...-cdletter.html Once you have sent the cease and desist letter to the CA, you are not supposed to get any further calls from them. If they do, they will violate one of the fdcpa laws by contacting you after sending the cease and desist communication. You will get a stand to press legal charges on them.
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#28
10-06-2006, 03:58 PM
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Domenic, get some life. If you have complaints, raise your voice against the state and congress to lift the cease and desist rule, SOL rule. People are just using their rights against evils like you. Mind it, these rights are available to people as legal protection against vultures like you :twisted: Now shoo...shoo..
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#30
10-15-2006, 12:10 AM
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So I am a Evil Vultures?
How am I either of these things? I am a payday lender nor any type of lender. I have been a customer of them. Do they charge outragous rate, hell yeah. So do credit cards and my mortgage company. While the rates suck, they were on the papers I faxed when I got the loan, and unlike my credit cards, the rate was easy to figure out, some are 30, some 20, and some (ok just one, PaydayOK) are 10 on a $100. So when I signed the agreement for them to loan me the money, I knew that I had to pay them a certain amount, plain and simple. I was stuck with two choices, borrow the money and pay the huge interest payment, or using the last time I got one as an example, not have my daughter birthday party at Chucky Cheese. No payday lender has ever MADE me get a loan, my needs made me get the loan. By all you people logic, I should walk into K-mart and take soem toys off the shelve for her X-mas, and when they arrest me, bitch and cry about K-Mart be evil for makign me pay for the stuff I want. If you thought the fees were so high, a) your right, lol, but b) why did you ge the loan? So if keeping up to my end of the contract (the laon agreement) makes me evil than I guess I'm evilin you people eyes. But remember this, insurance rates are high because there are scum bags that make false claims, and maybe the sickening rates of these payday loan companies would be lower if everyone keep their word and paid these companies back. So with X-mas coming up, I'm going to be making at least one pay day loan which I plan on paying back, and I'll be think "I borrowed $300 and now I owe $390 next week, if only it was $345, I'd could buy my little angel something else. But it's not, because the company makes the good (me) pay for the bad (you). Thats all it really comes down to with these loans, because so many people "beat" these lenders, the rates are high, the good pays for the bad. Whats another word for bad? Oh thats right EVIL!
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#31
10-15-2006, 04:57 AM
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Domenic--Fact is, their interest rates in most cases are ILLEGAL, and many of these companies do NOT have you fax anything to them. Cash2day for example. Then they make it nearly impossible to contact them to pay off the loan. One company hung up on me every time I called the line to pay off my loan. I had to call the "Get a new loan" line to pay it off.
No one would be complaining here if these companies were being fair. Wouldn't YOU prefer to pay a decent interest rate instead of HUNDREDS of percent? Maybe you should quit berating us for trying to make these places operate legally. If you notice, NO ONE here tells anyone not to pay what they owe..LEGALLY. If you borrow $300, pay back the $300 plus the legal interest.
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#32
10-21-2006, 02:49 AM
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I agree with you Jessi
We were in a very desperate situation and took out some pdl's for medical emergency
One of our pdl's with Web Payday we took out $500.00 and have paid $1,155.00 and they tell us we still owe $455.00. Anohter we have with Nationwidecash.com is charging 1216.67% interest ! :evil: Now after coming to these boards I'm learning that the ineterest they are charging is possibly illegal. I live in Virginia and according some resources found here they shouldn't be charging me more than I think 15% and that roll-overs, renews, etc...are not allowed and they have to be licensed with VA.
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