Is this true? Help asap please!!!!!!!

Welcome to the forums :D Sounds like Bass & Associates to me, what do you guys think?? They deal with Icollect so often. They can't take you to jail, don't worry about it. If this is Bass, they use these tactics with everyone..

bluegirl -

you cannot be arrested simply for defaulting on a debt. There is no debtor's prison anymore.

And don't pay by western union or money gram. They are not easily traceable, and if the company says they didn't get it, it's their word against yours. He needs to give you a physical address to send a money order or check to.

Stand firm with him - don't let him intimidate you. Others will post more advice here as well - keep an eye on this thread. We're here to help! :D

suebee, doesn't this sound like Bass to you also??

thank u natdust20 i appreciate it. R U SURE ABSOULTLY?

Bluegirl welcome to the forum. Take a deep breath,relax and take a step back. I have been where you are and so have many of the others here on this forum. No he cannot do that. If you stick around, and read the threads here you will find out that this is a scare tactic that many of the collection agencies use to get you topay the way that they want you to pay - not the way that you can pay. It has been said many times here by the members in the know - THERE ARE NO DEBTORS PRISONS. I have learned a lot from everyone here so can you. One of the most important thing that I have learned is to take control back from the pdls. Through this forum I have regained my confidence. Stick around I know that you will too.

he said i would have to pay by friday in order to get an address. and when i said no he said then its not his problem hes just trying to help. i don't like sending things by western union or money gram to anyone, but he told me that i will taken to court b/c i didn't pay this loan back in 21 days. and when i asked him to send me in writing why it 490.00 when the loan is 200.00, and all this info in writing and told me he wasn't b/c i should have been more responsible when i signed the agreement and keep it to know what it says.

Tell him to shove it.. :lol:

What's the name of the pdl did that you took the loan out with?

The name id bahamas marketing group or bmg or i-tjf corp. They said they sent this to i-collect but they give me a 866-856-1024 number and i have to leave my info on it and then they will call me back. I haven't left info on a answering machine, but how can i get a live person to talk to. I am dealing with town and country acceptance corporation and they are helping me with this payday loan, but what info do i give them as to who to contact to get this matter resolved.

I too deal with T&C, give them what information you do have and tell them to call and contact this person. Do not let this a$$ scare you at all. You don't even have to talk to him---tell him to call T&C, give him the number and hang up.

i went to the paydayloaninfo.org and it says:

Prohibited by Small Loan Laws or Usury Caps

Currently twelve states and two territories have small loan laws or usury caps that effectively prohibit payday lending at triple-digit interest rates. In Arkansas , the state Constitution caps rates at 17% annual interest, but the legislature enacted a law that permits check cashers to make single payment loans based on check holding. The constitutionality of payday lending at triple-digit interest rates in Arkansas is being challenged in the courts.

( Arkansas 1)
Connecticut
Georgia
Maine 2 Maryland
Massachusetts
New Jersey
New York 3 North Carolina 4
Pennsylvania
Vermont
West Virginia Puerto Rico
Virgin Islands

What DOES THIS MEAN?

Connecticut State Information

Legal Status: Prohibited

Citation:
Usury act applies or small loan act applies. Conn. Gen. Stat.???? 36a-563

Small Loan Rate Cap
30.03% apr or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest

Where to Complain, Get Information:
Regulator: Connecticut Department of Banking
Address: 260 Constitution Plaza Hartford, CT 06103
Phone: (860) 240-8299
Fax: (860) 240-8167
Regulatory Contact: Alan Cicchetti, Deputy Commissioner

Can i file a compliant even though these pay day loans are prohibited in my state? But i did these on line and they are not in this state. This is all so confusing, please don't give up on me im just trying to understand.

It doesn't matter if they are in your state or not. If they are prohibited, that means that the loan is considered illegal. PDL companies have to go by the laws of the state of the consumer. They will tell you that they don't have to go by your laws, but they really do.

bluegirl - we won't give up on you! Many of us have been in your shoes, and worse. No one gave up on us, and we won't leave you hanging in your situation, either.

First off, play tough with this guy. He's only playing tough with you because he thinks you don't know your rights. Call him back and inform him that you are reporting this ILLEGAL loan company to your state regulator - and then do so - immediately. File the complaint with the regulator and the BBB as soon as possible. Give this guy as much grief as he has given you. Tell him you KNOW that he cannot take you to court or put you in jail. Guess what would happen to an illegal loan company that tried to take you to court?? THEY would be the ones in trouble, for lending into a state where payday lending is prohibited.

Stick to your guns and get tough with this guy. He might bluster a bit, but he'll eventually fold when he realizes you know the law and your rights.

Bluegirl - get yourself familiar with your debt rights here:

http://www.ftc.gov/bcp/conline/pubs/credit/fdc.htm

Most of what this guy said is a total lie. No debt prison. He IS required to send you a verification letter explaining the debt AND an address. You are not forced to pay via Western Union or anything else. These are all very standard actions by immoral collectors.

Stay here - we're with you. Know your rights and throw them back at the guy. The moment he realizes you know the law, you will hear him starting a new song.