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 Posted: Wed May 09, 2007 12:58 pm Subject: Arrowhead Funding & Arrowhead Investments |
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I recently joined and I am finding this site to be most helpful an I hope to be on my way to being debt free soon.
I took out a couple PDLs and I was unable to make the payments, I have been receiving calls from someone claiming to be attorney representing Arrowhead and that if I dont wire him the money he is going to have be arrested. Each time I speak to him the amount is increased. He wont tell me what company the loan was with only that he has numberious lenders he works for. His name(s) he gave me to different ones Daniel Wright & Travis Graffin and when I told him I was unble to pay he said I was going to be arrested. Is this true do I need to call someone at the police station I am scared and confused.
Judy
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amjshear
Joined: 09 May 2007
Posts: 1
Debtcc Points: 75
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| Posted: Wed May 09, 2007 1:29 pm Subject: |
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Arrowhead sells its loans to Westbury and Westbury uses Bass Prelitigation to do its collections. You can read plenty on this site about Bass. Don't worry. You're not going to be arrested. That's the oldest and dumbest scare tactic there is. Think about it . . . if you don't pay and don't get arrested the collector has ZERO credibility.
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Guest
Debtcc Points: 100
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| Posted: Wed May 09, 2007 3:08 pm Subject: |
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Guest has said it all. Don't be afraid of the scare tactics used by the attorney. They are all empty threats. He is violating the laws by giving you a fake amount each time. That shows he really wants to pocket your money. Nothing will go towards your account.
Get the debt validated by the attorney because if they really have your account from Arrowhead, they must show the latest status of your account. Without this info, don't agree to pay anything. Send the DV letter, CMRRR and cover your basis legally.
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weeswie
Joined: 07 Aug 2006
Posts: 382
Debtcc Points: 5743
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| Posted: Thu May 10, 2007 9:43 am Subject: |
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I had originally called Arrowhead about a loan, since I had had one before. They transferred me to VC Funding where I ended up taking out a loan. I am not sure if they are the same company. I am about to default on my loan with them and am trying to send them a letter, but cannot find anything on them (VC Funding)
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Bublefan1
Joined: 10 May 2007
Posts: 188
Debtcc Points: 2962
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| Posted: Thu May 17, 2007 1:49 pm Subject: payday loan |
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Irecently had my bank information stolen and had to close my account. I had a payday advance which I processed on-line and evidently they tried to debit my closed account. No one from their company has tried to contact me and I have no phone number fr them. Today I received a call from a collection agemcy saying I was going to be prosecuted for defaulting. The only information they would give me was that the company was Arrowhead Investments but no other information. I can not locate this company on line. Please help.
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Lynne Hood
Guest
Debtcc Points: 100
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| Posted: Sun Jul 08, 2007 6:44 pm Subject: I know how you feel! |
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I have been dealing with this Daniel Wright as well only he's repreenting a group named CMG Group! He threatened me also with court and jail. He even left a message for me with someone at my job telling them that if I didn't call him back when I got back to the office that I might be arrested!
I am taking some information into work tomorrow to hand over to our attorney to see what he can do. How have you made out with all this crap?
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litlee8
Joined: 08 Jul 2007
Posts: 58
Debtcc Points: 1600
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| Posted: Sun Jul 08, 2007 7:10 pm Subject: |
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What state are you in? In most states, defaulting on a PDL is NOT a criminal offense, so relax. This Daniel Wright is trying to scare you into paying.
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kscornell
Moderator
Joined: 22 Jul 2006
Posts: 3589
Debtcc Points: 32736
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