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 Posted: Wed May 23, 2007 7:06 pm Subject: M1Y Direct does illegalally threaten people |
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Hello
My husband took out a payroll advance from M1Y .They had a collector call him. I took the call because he was not home.The woman from the collection place (who did not identify herself as a collection person threatened my husband with the charge of " Misreprensation of obtaining Federal funds for personal gain". She went on to say that she was going to call my State online payday loan preditor task force.(Turns out there is no such thing)
I asked he the name of the agency in Oregon to whom she was referring, and she hung up on me.
I live in Oregon, I called the Oregon Departments of Consumer and Business Affairs. The agent told me that the threats made by the "collection" agent were both illegal, and flat out wrong. I then went online to do a google search and came up with a State of California Courts order to "Desist and Refrain" , for the Loan Company, M1Y Direct, LLC, and its owners Mark J. Koetting and Daniel Koetting. The company was operating illegally in the State of California. Please look up the information for yourself, and check to see if they are legally doing business in the state where you live. If not, you owe them nothing. Also, please check the interest rate they charge and compaire them with your states laws on the matter.
These people who call and try to collect have certain laws which need to be followed. If they do not, then you should contact your State or Federal Officials.
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raidrz06
Joined: 23 May 2007
Posts: 1
Debtcc Points: 55
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| Posted: Thu May 24, 2007 6:16 am Subject: |
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Excellent advice... they are ruthless.
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Dixie
Joined: 01 Nov 2006
Posts: 124
Debtcc Points: 564
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| Posted: Thu May 24, 2007 1:07 pm Subject: |
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In Oregon, there is no fixed loan term and that is certainly not good for the borrowers. These companies definitely want to take advantage by charging excessive interests and fees. It is a must for all pdl places and the collection agencies to have a valid license in the borrower's state.
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BKP
Joined: 19 Oct 2005
Posts: 242
Debtcc Points: 3532
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| Posted: Thu May 24, 2007 1:16 pm Subject: |
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yeah they told me the police were going to come to my work and get me. i told him that i would be waiting there at the door to greet them 
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brittanie55
Joined: 24 May 2007
Posts: 131
Debtcc Points: 1474
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| Posted: Thu May 24, 2007 1:17 pm Subject: yes, you are so correct |
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And once again, M1Y in not licensed to do any business, of any type, in The State Of Oregon.
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princess1212
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Debtcc Points: 100
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| Posted: Sat Aug 18, 2007 7:07 pm Subject: Westbury |
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Has anyone ever heard of this company Westbury They attempted to withdraw money from my account and i have no idea who they are. I can't find anything on them anywhere on the internet. Please help!!
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missdomino4
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| Posted: Fri Oct 05, 2007 3:00 pm Subject: |
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Good for you! I actually knew someone who worked for these brothers (I think their main office is in Kansas, but they disguise themselves through a main address out of Las Vegas, NV and also have an office out in Los Angeles. Anyway, I heard that they are truly ruthless scammers and the former employee even said he was once scolded for being too nice to the callers! Don't let these kinds of people intimidate you. You've taken great steps in protecting yourself. Honestly, what you went through is unacceptable.
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Little Miss Sunshine
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