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Guest · Posted: Mon Jul 14, 2008 9:48 am Subject: CSO'S

Can a company that is a cso..threaten you with going to jail, having the d.a. issue a warrant for your arrest? Or is this a civil matter where they have to sue you in a court of law? I have been trying to find more info. For the consumer on this subject. But getting dead ends! Any suggestions or answers???

Posted: Mon Jul 14, 2008 9:52 am Subject:

You CANNOT be arrested for not paying a debt, IT IS a CIVIL matter. If the company is legit, then they can or will sue you in a court of law, and obtain judgement against you for the debt.

If you are dealing with Credit Service Organizations (CSO), it is best you communicate through every step of the way. Try and work out an arrangment with them. Some CSOs are members of the CFSA, and will allow you to arrange payments. IF you have already defaulted, then you must contact them and try a make arrangmnets the best way you can.

Bottom line, there is no way around avoiding a CSO debt Sad

Posted: Mon Jul 14, 2008 9:52 am Subject:

It is a civil matter! They can't have you arrested unless you comitted fraud like deliberately passing a bad check or lying on your loan application. They are probably in violation of your states laws!

Posted: Mon Jul 14, 2008 9:58 am Subject:

Yes, Frogpatch is correct. They may press charges if you deliberately provide false information or intentionally use a bad check with a closed bank account.

Most likely that is not the case here. If the company is threatning you with arrest claims to collect, then they are violationg the FDCPA.

Posted: Mon Jul 14, 2008 10:02 am Subject:

In some state's they do allow for prosecution of checks that bounce to "payday" type lenders . . . . .

Posted: Mon Jul 14, 2008 10:06 am Subject:

Have you set up payment arrangments with the company or atleat attempted too?

Posted: Mon Jul 14, 2008 10:06 am Subject:

They are not covered by the FDCPA as they are not a third party lender. Many states have similar laws that do apply to all collections however.

Posted: Mon Jul 14, 2008 10:13 am Subject:

If I were you Guest, I would keep in contact with them and keep them informed of your payment plans. It really could be a hassle if you are turned over to a collection agency, and possibly more fees can be assessed Confused

Posted: Mon Jul 14, 2008 10:16 am Subject:

YES I DID CLOSE OUT MY BANK ACCOUNT BUT ONLY AFTER I MADE AT LEAST 3 INTEREST PAYMENTS THAT AMOUNTED TO THE LOAN ITSELF. ONE OF THE STORE FRONTS IS A CSO..AND THEY HAVE NOT TRIED TO CONTACT ME AT ALL. I HAVE DEALT WITH THEM BEFORE, THEY GOT THERE MONEY THE FIRST TIME AND I BORROWED AGAIN..NOW I'M IN A CRUNCH BECAUSE OF VEHICLE PROBLEMS AND HAVING TO PUT MONEY OUT ON THAT. I'M NOT SURE IF I SHOULD CALL THEM BY PHONE OR JUST SEND A LETTER LETTING THEM KNOW THIS IS IS WHAT I CAN DO, ETC...SUCH AS PAY 50.00 A MONTH UNTIL PAID IN FULL, MAYBE SEE IF THEY WILL EXCEPT A MONEY ORDER..IF THEY RETURN IT THEN I'M NOT SURE WHAT TO DO...I JUST NEED SOME REALLY GOOD ADVICE ON HOW TO HANDLE IT. I KNOW THE GIRL THAT DEALS WITH THIS STORE FRONT IS A REAL *I*CH AS I HAVE TALKED WITH HER BEFORE.

Posted: Mon Jul 14, 2008 10:23 am Subject:

I am assuming you defaulted on the CSO a while back. Contacting them now will most likely be challenging since it has been in default awhile. They could have sent your account to their corporate office for processing, maybe that is why no communication yet. These things take awhile sometimes. They will probably demand a lump sum payment if you contact them Confused

The local storefronts can sometimes take smaller payments, but that depends on the manager there Confused

I would send proposal letters to them certified and signature confirmation. If you do not want to contact them by phone the letters is another step along with a fax. I am sure they will call when they receive your letter stating their decision. It is worth a shot, Best of Luck Smile

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