Morning everyone,
I am so glad I found this site. Here is the dilemma. I had taken out a loan with Paragon Funding a while back. So I get a call on last week from Sam Cobbs (a man with a foreign accent) from Jacobi and Mayors. He said that if I did not send a payment of 685.00 by noon, I would have my background checked and if I had any outstanding loans I would be arrested for fraud. Of course I became nervous. And I wired them 180.00 which is all I had. Unfortunately I did not think to do a search until I returned from work. I feel so stupid! So I did a search on the company and could not find anything but this website came up. My question is that I am not denying that I owe, however I need to get in touch with my original creditor about this. Does anyone have any info on Paragon Funding? I need all the help I can get. I am going to send a cease and desist letter to Jacobi and Mayors.the SCUM!!! What should I tell Sam Cobbs when he calls back?

[twokidtwocat]

Paragon Financial Group,Inc
101 NE 3rd Avenue,Suite 33301
Fort lauderdale,Fl 33301
Phone 8008975431
Is this the company you have your loan thru?

[twokidtwocat]

Also,always remember sending money by western union or money gram is never a good idea.You never know who is getting the money.Any legit company will not ask you to send money this way.Unless you know for certain that the company is a legit business,dont send a wire transfer.And most importantly,You can not be put in jail for not paying a debt.They can take you to court and garnish your wages and report it to the CRA,but you will not go to jail.

[4u.bryan]

Originally Posted by Ms.Young

What should I tell Sam Cobbs when he calls back?

Tell him that you have already sent payment, so you need some document. Otherwise why should you pay them in future? You never know if they are really going to report to the original creditor.

Ask him to send you debt validation and tell him that you need an agreement paper that confirms if you pay them, they will report it to the credit bureaus as well. also confirm from the original creditor whether Jacoby and Mayors are holding your accounts or not.

See this thread to know more on them-

http://www.debtconsolidationcare.com...ca-jacoby.html

[john]

Ms.Young

You can deal with your original creditor if the account is still with them. They usually hire some collection agencies to carry on the collection process and recover the debt. Contact the original lender and make a payment arrangement with them if they have not sold the account to this CA. Dealing with them is much easier than dealing with the CAs.

Keep the payment receipt of Jacobi and Mayors in safe place. You might need it later to prove the amount that you paid towards this account and thereafter, pay the outstanding balance.

Paragon Funding & Paragon Financial are two different businesses 2kid.

Paragon Funding
P.O. Box 12348
Overland Park, KS 66282

Paragon Funding
1040 E. Sahara Ave. #6
Las Vegas, NV 89104

Paragon Funding Group
3335 Bishop Street
Cincinnati, OH 45220

Thanks! Al of you are terrific! I will definately request debt validation. Does anyone have a link to the post on a sample letter for validating a debt?

[john]

Hi, I was viewing the letters section in this site. You can pick the debt validation letter from here and match it with your requirements.

http://www.debtconsolidationcare.com/letters/

Now being that I am not following the payment plan until I recieve the debt validation will I get into trouble?

[john]

As per the laws in the fdcpa, the collection agency is required to send you the debt validation or verification details when requested by you.

Since you don't have the proper account information, you have to wait till the company sends you the correct details. The federal laws allow you to refuse payments till the debt is validated. Make sure that you send your letter through certified mail with return receipt requested. In case, if the matter reaches the court, you should be able to prove your defense by showing the certified receipt slip mentioning the date when the letter was sent.

I too just received a phone call at work this morning, regarding the same problem as in the first post. Of course I was in a hurry to get off of the phone.. and didn't get any "real" information. What address did you send your letter to? The phone number they gave me to call them back on.. after payment was sent (which I did).. there is no answer.. except for a message stating the mail box is full for this extension.. Did I just get scammed?

[david]

Angie, have you filed your complaint with the local AG's office? Talk to your bank and if the money has not been cashed, put a stop payment on it. I hope this works out!

Unfortunately I sent a money gram for $305.00 ... I did finally get through to them.. and they received the payment... but they refused to send me a confirmation letter or receipt( or any information as to the original creditor).. only the balance due. said I would receive something when the balance was pain in full.

[david]

Angie, do you have the receipt of your money order? Keep it in safe place so that you can proof your facts. You can inquire with your creditors as well and see if the money has been applied towards your account.

Paragon Financial Group, Inc. in Ft. Lauderdale Florida is not involved in collections or in consumer debt. Your are looking for a different company.

Jon Anselma
Senior Vice President
Paragon Financial Group, Inc.

Thank goodness for this website. I got a phone call yesterday from someone named Sam who was very rude and threatening. Told me I would be arrested by the end of the day. I didn't send him any money yesterday. Instead I started to research who he said her was collecting for and for these postings. Do not do business with these crooks!