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Posted: Tue Dec 12, 2006 3:26 am Subject:

Welcome to the forums Johnson Drake!! I believe they use this threat with everyone. Evil or Very Mad

It just goes to show that CTC and Paydayaveneue are the same b/c Lisa Burton is also the Account Manager for Paydayavenue.

Posted: Tue Dec 12, 2006 6:25 am Subject:

This must be a form letter they use with all their aka's. Send them a wage revocation letter beings wage assignments are strickly voluntary. Then if they do try to get your wages, give a copy of the revocation to your payroll.

Posted: Tue Dec 12, 2006 10:27 am Subject:

LOL. This is the same person I am dealing with too. I wonder if it's just a fictitious name that several people goby there in collections?

Posted: Tue Dec 12, 2006 10:28 am Subject:

She refuses to give me CTC's address for cert mail.

Posted: Tue Dec 12, 2006 10:46 am Subject:

Johnson Drake -

First, welcome to the forums! We're glad you're here, and we hope you'll find the assistance you need. Stick around and get to know us - we're a friendly bunch, and you'll find we love to help people out of the same situation we've all been in ourselves.

Here's a rundown on the Payday Loan (or PDL) rap:

They WILL:

-threaten to arrest you
-threaten to call your Payroll Dept., your HR Dept., your mother, your grandmother, and your best friend in an effort to embarrass you into paying
-scream and yell at you to intimidate you into paying
-call you repeatedly to annoy you into paying
-tell you they have the police on the other line ready to swoop down on you at a moment's notice
-tell you they are "downloading affadavits" for your prosecution and/or arrest
-e-mail you repeatedly with threats

They CANNOT:

-arrest you for defaulting on your PDL debt to them.
-garnish your wages (unless you signed a wage assignment form, in which case you should revoke that as advised above Tammy)
-send the police to your home, work, etc.
-do ANYTHING over the phone by contacting the Payroll Dept. at your employer - any wage garnishment must be initiated by a legal action, and you must be notified of it in writing.

And, most importantly, they cannot intimidate, threaten, frighten, embarrass, humiliate or otherwise bother you UNLESS YOU LET THEM. These companies thrive on fear and intimidation, and those are the tactics they use to try and force people to pay.

Check your state's PDL laws. If the company is lending illegally in your state, advise them that you will pay back the principal on the loan only, but nothing more. Then file a complaint immediately with your state's Attorney General (AG) against this company - and be sure to inform the PDL company when they call you again that you have done so.

If they are lending legally in your state, they should be licensed by the state. Find out if they are, and if so, if they are following your state's laws. Most likely, they are not licensed, and are not following your state's law. They will claim to only be bound by the laws of THEIR location - not true - any lender has to follow the laws of the location of the borrower.]

I know this was long, but hopefully it helps. Again, welcome - we hope to see more of you here! And if you need assistance with other debts, and would like to discuss your options with a debt counselor, take a moment to register with this site. It's free, and by registering, a counselor will call you within a couple of days.

Susan

Posted: Tue Dec 12, 2006 10:52 am Subject:

Is there a form wage revocation letter on this forum?

Posted: Tue Dec 12, 2006 11:31 am Subject:

I have a question - you advise paying back the principal only------what about legal interest (re CTC)
I've emailed them but have not heard back yet I expect to tomorrow when the loan is due. Has anyone had any luck making payment arrangements with CTC?

Posted: Tue Dec 12, 2006 11:34 am Subject:

Following letter can be used for revoking a wage assignment.

Posted: Tue Dec 12, 2006 12:02 pm Subject:

mskimmers - if you investigate your state's PDL law, you will find the allowable interest rate there. I did not mean to mislead anyone - I cannot edit the post to include that info once it's been responded to, so I thought I'd add it here.

You should definitely pay back the principal and the interest rate allowed by your state PDL Law. My apologies for the oversight.

Guest · Posted: Tue Dec 12, 2006 12:33 pm Subject:

That's what I've offered CTC! Thanks for pointing it out.

laerne · Posted: Wed Dec 13, 2006 5:44 am Subject:

listen i owe ctc 889 they now say owe 945 what is the interest rate for ill, are they legal license here. they said they have contacted my payroll department to get my correct information, will my payroll give them info over the phone my info is not to be giving out to anyone that calls is it?

Posted: Wed Dec 13, 2006 5:48 am Subject:

You can find a link to a wage revocation letter on my blog site Debt Free

Posted: Wed Dec 13, 2006 5:48 am Subject:

Oh, and Johnson Drake - that line in the letter about Teletrack "negatively affecting your credit score" is not true. To my knowledge, Teletrack does not report to the Big Three credit bureaus - Teletrack is for payday loans only - it reports if a PDL company has had trouble collecting from you. Which is only a problem if you decide to take out another PDL, which, after coming to this forum and learning about them, we sincerely hope you won't!

Posted: Wed Dec 13, 2006 7:02 am Subject:

A good payroll department will make them fax in a request with your signature authorizing the release of any information.

Some employers verify over the phone, but the usually will only verify dates of hire, position and full-time status.

Your employer is not at liberty to give out your address or phone #s. And most of the time, a good H/R person will tell the creditor that they need to contact you for that information as they will not get involved.

Posted: Wed Dec 13, 2006 11:07 am Subject:

In the case of the Payroll department where I work, the only thing they will provide to anyone who calls is the following:

-whether or not I am still employed
-whether I am full or part time

They will not verify my income, my deductions, my taxes, or allow wage assignment or garnishment over the phone. Our company is very aware of the privacy laws, etc., and we try to keep up on them to avoid breaking them - something the PDL companies don't care about.

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