cashnminutes threatening phone call

I have posted to this forum before. I just received a threatening call from a Mr. Travis Walton - representing the LTA department of Cashnminutes for defaulting on a $300 loan. He threatened to file suit against me and was asking for $1400 dollars to square the account. I did something prior that I probably should not have done. I took back 5 extension fees at $132 each for a total $675 by claiming that there unauthorized because I needed the money to pay off other PDL companies and other expenses. Along with the suit, he said he was going to have 2 uniformed officers show up at my house or place of employment and serve me with papers. He said that I would have to appear in Texas civil court, and if I do not - be threaten with contempt of court. The reason I took back the extension fees was i could not afford it, and felt I already paid them back when the original loan was 4-5 months old. Mr. Walton is giving me until 8:00pm to pay at least $550 towards the amount. I have been reading some of the postings about this. I thought I could just make simple payback arrangements with them before CashnMinutes took this route. What should I do?!!!

Patrick Quinn

Any further advice on this would be appreciated?

Patrick do not be worried by these people. They are using scare tactics in trying to scare you into paying. You cannot be arrested for not paying a debt, it is a civil matter. There are laws for pressing charges if you pass a bad check, but that is it. Did you produce a physical check or was this an ACH transaction?

I took back 5 ACH Debits. Are these crooks? Can they bring uniform officers and so forth? Do they represent CashNMinutes? I would like to pay back CashNminutes at least the principle in some sort of payment plan? What do I say to Travis Watson?

I could give you a good description of what you should say to a one Mr. Travis Watson, but I am quite certain that I would be banned from this board for the remainder of my sorry life! Is this an internet deal? Did you ever send them a C and D letter? Any individual has the right to revoke a ACH authorization, legal or not. They are strictly on a volunteer basis. How much did you borrow and how much did you pay back? Perhaps the answers to these questions would allow some additional help on what to do next.

So you had the transactions reversed at your bank?

Please provide the info LLW asked so we can get an idea of what we are working with.

I had 3 loans with cashnminutes for most of the year. I had one for $150, $200, and finally $300. Needing extra money for other debts, I placed an affadavit with my bank declaring these 5 NSF transactions were unauthorized. After I filed it, I had the 5 Reverse ACH charges back in my account, then I got the phone call from Travis Watson about a week later - about 2 hours ago. He is giving me until 8:00pm EST to make some sort of restitution.

Do not pay him anything. So you have current 3 current loans totaling $650 in principal? Have you paid anything on each?

They allowed you to take 3 loans out at once with same PDL company?

No, the loans were consecutive. I only have the $300 loan. So, is this guy a SCAM artist or someone representing CashnMinutes? I guess I will blow him off when we calls back threatening the next step of supposed legal action.

Ok I found some interesting info on this PDL. Please read this thread below.

http://www.debtconsolidationcare.com...bitration.html

I read thru that thread before I initially posted. Pretty much confirmed everything right not to pay them anything?

So you basically paid off the loan and re upped right away? So now you are only owing $300? So you had paid $675 in "fees" and then they were taken back by the bank so in essence you have paid nothing on the last $300? BUT they want $1400 on a $300 loan? I am trying to follow the scenario here so correct me if I am assuming wrong. Is this loan illegal in your state? If it is, your $675 was way more than you owed to begin with. Morally, you should pay back the $300, even if it is illegal. Keep us posted.

I paid off the first 2 loans. I think I had the $300 loan since March, so I paid them back way more than $300 on top of the $675. I live in Virginia, cashnminutes is not a storefront, then charging way more than Virginia allows, so I assume they are illegal. It is now past 8:00pm, and I have not paid them any money.

So you paid the first loan off and then re upped. Then you paid the second loan off and th re upped and now you have the third loan for $300 to which you made 5 extension fees and then you had the bank reverse them. Is this correct. If I am understanding this correctly, I don't think you can apply what you paid for the first two loans, albeit, more than what you borrowed, to the last loan that you reversed the payments on. You cuold try but I am willing to bet it won't fly. They are all separate entities and you are now just working on the last $300 loan. Is this correct? If so, I think you will still owe the $300 but certainly not $1499! I don't know the laws of Virginia but someone will post them for you and advise as to the legality of these loans in relation to those laws. So, I see 8:00 has come and gone and you are still with us. You haven't been "downloaded" or arrested so this is a positive. Keep us posted.

Yes, I was paying extension fees on the third loan starting in March. I took back the fees from May onwards. Being threatened with arrest or being downloaded is just a scare tactic - this is a civil matter not a criminal matter. I am just looking for some advice as to what to say to Mr. Watson when he calls me regarding what happened to the promised payment of $500. What should I do or say?

Yes, I know that it is all a scare tactic. So it appears that you have made some payments on the $300 but took back the $675 you paid since May. So what EXACTLY have you paid on the $300? If it is more than $300, and it is an illegal loan, then I would tell him that the debt has been paid in full. If you still owe anything to clear the $300 then I would "offer" to pay that dollar amount only. You tell him what you told us. . . .you have already paid back the loan. . .end of story. It seems pretty cut and dry. You may have to do some battle with him but we've all had to duke it out with the PDLs. Good luck.