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calling my work

 
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PostPosted: Mon May 19, 2008 8:34 pm Subject: calling my work

Hi, just a quick question-- i have a creditor calling my work trying to verify employment and calling my house saying if i dont pay them that I am possibly facing a civil suite. They state the have bought my loan from an intranet payday loan and i am in now in collections and owe them. HELP!! I live in ky and have paid what I owed and they say I didnt i owe them almost $500.
cadecainan




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PostPosted: Mon May 19, 2008 8:52 pm Subject:

What's the name of the pdl and collection agency?
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Shazzers
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PostPosted: Mon May 19, 2008 8:54 pm Subject:

If you paid them off, do you have a PIF from them, is so, there's your proof, send a copy to the collection agency. You might also want to send them a wage assignment revocation letter, and give a copy to your payroll dept., to be on the safe side. Sounds like that may be what they're up to. Confused
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PostPosted: Mon May 19, 2008 8:57 pm Subject:

I'm posting your state laws for pdl's, for reference.

Quote:
Kentucky State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Kentucky Rev. Stat. Ann. ยง 286.9.010 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 14-60 days
Maximum Finance Rate and Fees: $15 per $100
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two ($500 aggregate loans outstanding to all licensees)
Rollovers Permitted: None (cannot renew, rollover, or consolidate)
Cooling-off Period: None
Repayment Plan:

Collection Limits:
Collection Fees: One NSF fee (if disclosed)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Kentucky Office of Financial Institutions
Address: 1025 Capital Center Drive, Suite 200 Frankfort KY 40601
Phone: (800) 223-2579
Fax: (502) 573-8787
Regulatory Contact: Gary Davis,, Branch Manager

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Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
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Shazzers
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PostPosted: Mon May 19, 2008 9:19 pm Subject:

I had a intranet payday loan with ameriloan and paid back what i owed them and they continued to take money out of my account so i closed it and now this place in new york called something recovery is repeatly calling i dont have anything stating it was paid in full
cadecainan




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PostPosted: Tue May 20, 2008 5:22 am Subject: reply

ameriloan is part of the MTE empire.i would send a letter demanding a PIF.they are illegal in every sense of the word.send this letter cretified mail return receipt requested.
paulmergel
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PostPosted: Tue May 20, 2008 10:53 am Subject: payday loan

I am trying to make payment arrangements with this company thay are saying my $50 a month agreement is not good enough. Now they are threating to garnish my pay. Whst can I do. i live in pennsylvania?
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debbre31
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PostPosted: Tue May 20, 2008 10:55 am Subject: reply

they can't garnish,that would take a court order.can't see that happening seeing as though they are illegal.they might push through a wage assignment.those are voluntary and revokable.
paulmergel
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PostPosted: Tue May 20, 2008 7:51 pm Subject:

well ameriloan says that my account was bought by the recovery place and they just keep calling sometimes it just a recording telling me to call them about this serious matter can i send them a c and d letter and will it legally stop them from calling me and my employer
cadecainan




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Debtcc Points: 558

PostPosted: Wed May 21, 2008 5:20 am Subject:

You can send a C&D letter, but I doubt it will work. You are dealing with extremely illegal companies.
kashzan
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