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 Posted: Thu Aug 28, 2008 11:45 am Subject: Arrowhead and NCS Collections...... |
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NCS/National Recovery Systems, what a group of hard people to work with.
I live in PA first of all. They say the original balance is $480 but are willing to settle with $372 if I pay by Sept. 8th.
I have already paid Arrowhead $1700 on a $300 loan taken out in Nov. 2007. I have paid $90 every two weeks since then. I tried calling Arrowhead a week or so ago and was informed it was already sent to collections and I should wait to hear from them. Yes, I've sent Arrowhead the letter stating I've paid so much, can we settle this or consider PIF. Of course, not response except to let me know it was sent to collections the day it defaulted.
So, I get this lovely settlement offer from NCS as mentioned above. I try to reason with them and explain the fact I could pay the $372 in full on the 12th. They would not accept that. Said it HAD to be by the 8th. I'm calmly explaining that I don't get paid until the 12th and he's telling me to borrow from a friend or neighbor. I say that is NOT a possibility and he says he is sorry and the offer will be null after the 8th. I then ask if I can make payments, he tells me NO. I tell him I will only do money order or moneygram and he says to call back for the moneygram info once I have the funds to pay in full. I tell him how ridiculous this is that he won't work with me and he says sorry, he doesn't have to. All I was asking for was 4 days.
Any suggestions on how to deal with this? I'm at a loss.
Thanks,
Diane
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dlsbrs
Joined: 03 Jan 2008
Posts: 54
Debtcc Points: 872
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| Posted: Thu Aug 28, 2008 8:21 pm Subject: Arrowhead and NCS/Collections |
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I wouldn't pay them a dime..You have overpaid Arrowhead -check your state laws to see if they are licensed to lend in your state. File a complaint with the BBB, Attorney Genernal, and the FTC on both Arrowhead and NCS. Don't answer anymore telephone calls from NCS. I would recommend closing your bank account and opening a new one - so that they don't have access to your bank account anymore. Also, send both Arrowhead and NCS a "cease and desist" letter and to validate the debt. Good luck!
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Guest
Debtcc Points: 100
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| Posted: Thu Aug 28, 2008 8:28 pm Subject: |
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Check your state laws to see if they are licensed to lend in your state. It looks like you overpaid Arrowhead. I would send NCS and Arrowhead a "cease and desist" letter to no longer contact you, your employer, and your references. File complaints with the BBB, Attorney General, and FTC on both Arrowhead and NCS. I would also recommend closing your bank account and opening a new one so that they don't have access to any of your fund -do this asap. But don't fall for their line of BS. Don't take their calls or threats anymore. You don't have to talk to them - especially when they owe you money - plain and simple...They will tell you all kinds of BS it is just a scare tactic - most internet PDL loans are illegal and not licensed. So you hit them with the laws in your state and not their so called laws. Morally you should pay back what the prinicple balance was but that is it unless they are legal. Good luck!
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ksando44
Joined: 17 Aug 2008
Posts: 68
Debtcc Points: 774
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| Posted: Thu Aug 28, 2008 10:38 pm Subject: |
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I've done ALL of that. I closed my account several weeks ago and am now trying to get all of my PDL's taken care of. Arrowhead received their letter, C&D and also a run down of what I've paid them and asking if we could settle this or consider it PIF, etc... They sent the account to NCS the day it defaulted, never giving me a chance to contact them directly. This was 2+ weeks ago and this is the first I heard from this NCS.
I live in PA. Internet loans are legal here as long as they are liscensed in another state, which Arrowhead is....... UT if memory serves me correctly.
Shazzers or Goudah, any thoughts here???????
Thanks,
Diane
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dlsbrs
Joined: 03 Jan 2008
Posts: 54
Debtcc Points: 872
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