Misinformatoin regarding fdcpa laws

Hi. This is Jeff Foster. I am an account manager with Global Financial. Several people have called recently and have stated that they learned about the fdcpa from this website and that I am not complying with the FDCPA. Today, a debtor named NAME DELETED FOR PERSONAL PROTECTION OF THE DEBTOR - SUEBEE from Texas said that I was not complying with the FDCPA or the Texas laws.

WE ARE NOT A THIRD-PARTY COLLECTOR!!!

THEREFORE WE DO NOT HAVE TO COMPLY WITH THE FDCPA!!!

ONLY THIRD-PARTY COLLECTORS HAVE TO COMPLAY WITH THE THE FDCPA. THEREFORE, WHEN I THREATENED TO HAVE DEBTOR'S NAME DELETED - SUEBEE ARRESTED, I WAS NOT VIOLATING ANY LAW.

Furthermore, only Delaware law applies to the terms of the loan and loan repayment. Therefore, even though DEBTOR'S NAME DELETED - SUEBEE has already paid $1,225 on a $350 loan, we can still charge him $590.00 for repayment and default on the loan.

What states do you have licenses in to give a loan to people?

Also, isn't it true that once you loan to a person that you are required to follow the laws in their state?? For example, if someone lives in a state that prohibits payday loans, you can't give them a loan, right??

hello Mr. Foster. First let me tell you, it's a shame I don't moderate this particular forum, because it's pretty mean of you to announce the name of a debtor. rest assured, that will be deleted soon.

Second, you are cashnet500, and your BBB report stinks.

Also, why is it that when you go to Cashnet500's website it says that Cashnet500 is not a lender. It get's referred on to another site, such as Payday-Loan-Yes. Why are you operating under so many names? 1)Cashnet500 2)Payday-Loan-Yes 3) Global Payday and 4) Global Financial? Is it to cover your tracks?

I know Cashnet500's website used to not say, "this is not a lender." Please explain!!

That's interesting stuff, Brownsugar. Wow, that's a lot of aliases! I can't wait to hear why.

JUST WHO DO YOU THINK YOU ARE! And do you think that we are all stupid! Isn't Global Finacial GFSIL? If so You people owe me $1080 on a 200.00 loan and according to my attorney you ARE NOT following the laws in the state of Ohio. Now would you like to fight with him about this. Your company has not answered one e-mail that I have sent and there have been many. I have forwarded them to every gov. agency that I can think of and to all of the major news stations. You are not above the laws as they are written in each state. When you are merchandizing something you are by law to follow the laws in the state in which you are doing business.

Jeff, whether or not you are a third party collector or not, you did violate the law when you threatened arrest. As far as the law and you regarding fair debt collections you don't have to obey the cease and desist letters, etc.......But what you have done is committed extortion, third party, first party, whatever it doesn't matter. You made a threat which you knew could not be acted upon in an attempt to take money from another. Extortion, original collector, thrid party collector, Joe Blow off the street doesn't matter.

I am sure "Jeff Foster" will not be back!

Thank you, Steelers - you took the words right out of my mouth. I was about to post the very same thing.

I know. It doesn't matter who he is or who he works for, it is plain and simple against the law to make threats, false or real to a person in an attempt to collect money. I don't care if you work for a company or the "Godfather", it is a felony, it is called extortion. Maybe I should post the link for Jeff to check out where a collector was found guilty of extortion and sentenced to jail for this felony. It only takes one call from one threatened customer to the prosecutors office.

Jeff you are an accountant - not an attorney - maybe you should ave one of you crack "legal eagles" get you the proper information regarding the laws in the United States before you go spouting off about what laws you are governed by. You obviously knew where the man from texas got his information from, you came right to this forum and it seems without much trouble, too. You even figured out how to post. So how long have you been lurking in the shadows?

Those are not aliases. They are company names geniuses.

Global Financial owns several payday subsidiaries including CashNet500, Payday-Loan-Yes, and Global Payday.

The reason the website you refers to says that CashNet500 is not a lender is because Global Financial is the actual lender. We are the parent company.

You guys are seriously stupid.

P.S. Pay your damn bill NAME DELETED - SUEBEE.

Why didn't you respond to Steelers comments about the fdcpa and the cease & desist letter. Is it because you know you actually violated the FDCPA?

You're the one that is stupid. You don't even have licenses to lend in the USA.

Also, why does your file look so bad with the BBB?

And Jeff, for the record, I verify my info. with the right people before I go and open my mouth and post it. So yes, in fact, you have violated the law with your threat of arrest. Whether or not you are the original debtor or third party collector that is illegal. And no, you do not have to abide by the cease and desist letters, but just because you are the original creditor doesn't mean that the law is turning their cheek and letting you run rampant with false threats. One call from one person to the prosecutor is all it takes. And some states allow the other party to record calls without your consent, so before you go making those threatening phone calls, you better ask yourself, "Is this person secretly taping me and my false threats?"