VC Funding sent my file to a nasty collections agency

My suggestion is that you should keep on trying and arrange something with VC Funding. Chances are that your file is still with them and a collection agency has just been hired for collections. You will still be able to send your payments directly to them without having to deal with a collector. Collect the address of VC Funding from the local BBB or the credit bureau and draft a letter stating your proposal.

When a collector contacts you for the same debt account, they must give you the necessary info about the debt as mentioned in the federal laws. This is an unprofessional statement from any collection agency when they say that they don't need to give out their address. Check their address also from the authorities so that you can send them a DV letter and cover yourself legally. If the matter reaches to the court, you will need to prove your actions before the judge cross question the company and find them to be violating the laws.

Find out if they are licensed to lend in your state. If they are not then file a complaint with your AGs office and Div. of Financial Institutions. If you have paid back more than your state legally allows for pdls (for ex. I pd back $630 in interest on a $300 pdl, my state only allows $60, I've paid well over the allowable interest/fees on this type of small loan for my state) Yes the pdl HAS TO FOLLOW THE BORROWER'S STATE LAWS NOT THE LENDERS. You have to file a complaint, they are counting on you not know your rights. Please file a complaint with your AGs office this is the only way to stop internet pdls from practicing unlawfully and intimidating the consumer.

I am just wondering why do most payday loan companies use the same techniques about not to be licensed in the borrower????????s state. This is quite surprising when they are trying to fool the customers. When they entered into business, didn't the state from where they are getting their license mention that they have to follow that state laws. Now, why there is sudden change of words, especially when collecting extra amount. It makes me think that they have no other reasons than to pocket our hard earned money.

I called vc funding a while ago... The day that i got that nasty call. Thelady started yelling at me and telling me that they no longer had my information and to contact the collector who called me. They collector refuses to get in touch with me. And also. If they don't send me a d.v letter how in the world can they take me to court? From what i know they can't

I don't know what state you are in. But I'm willing to bet that VC Funding isn't licensed in it. I have a pdl with VC Funding and they haven't been in touch with me since I've filed a complaint with my AG's office and our state's Division of Financial Institution. I've paid well over my state's legal pdl interest/fee charges on this pdl. You need to file a complaint against them especially if you have paid well over the legal charges for your state. And from what I've learned from other's here is that if they are not licensed in your state chances are they will not take you to court due to the nature of them conducting business illegally in your state.

THE COLLECTOR DIDN'T INFORM ME OF THE SAME AMOUNT. He told me to send him $580 by 3 that day. Nope I fell for that once with another pdl. I won't do it again. If I don't get a validation letter I WILL NOT send them money!

I never paid them anything- things went loco in my bank account because other pdl's were taking money so they never got their money. So I called and calle4d for a manager to change the info so I COULD pay it back(I had EVERY intention to pay them back) and no one would help me. The lady kept calling me a liar when I called VC

How much was your loan for? $580.00 seems high to pay off a loan if it is a small loan. Did you pay any fees on it at all?

BBB doesn't list them in the system for my area... and neither does LLS They keep making me send them $37.50 every payday...which isn't paying off any of the balance.

No no fees didn't have a chance. They wouldnt let me talk to a manager and called me a liar and started screaming at me.the loan was $200.

Find out if they are licensed to lend in your state. If they are not then file a complaint with your AGs office and Div. of Financial Institutions. If you have paid back more than your state legally allows for pdls (for ex. I pd back $630 in interest on a $300 pdl, my state only allows $60, I've paid well over the allowable interest/fees on this type of small loan for my state) Yes the pdl HAS TO FOLLOW THE BORROWER'S STATE LAWS NOT THE LENDERS. You have to file a complaint, they are counting on you not know your rights. Please file a complaint with your AGs office this is the only way to stop internet pdls from practicing unlawfully and intimidating the consumer.

How does one find out if a payday loan company is liscensed in my state??Also how do I find out how much my state allows??(INDIANA)

Contact your AG's office. Or Division of Financial Institutions, OH has both of these depts. online and it can be checked via their website. If you can't do this your best bet would be to call and find out. Pollyandsay's blog has a link to every state's pdl law, go there and it will list your state's law regarding pdls.

Is pollyandsay's a website? If so can you give me the link? I don't know where to find that.

Go here http://pollyandsay.yesdebtfree.org/template-letter/