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Need opinion on Westbury Ventures

Date: Mon, 03/12/2007 - 10:20

Submitted by jan_shc
on Mon, 03/12/2007 - 10:20

Posts: 11 Credits: [Donate]

Total Replies: 31


Today I received an e-mail (text below)from Westbury Ventures saying they are going to use "Check Recovery" to get their money. Is this legal? Apparently what they do is search on any bank accts with a person's ss# and withdraw whatever they wish.

This despite the fact I have contracted with T&C and have already paid a fortune to these people--more than the original loan amt.

Attention Valued Customer:
>I am contacting you because you have one or more payday loans that have
>gone into collections. I have made numerous attempts to get in touch with
>you regarding repayment of your account(s). Since you have demonstrated an
>unwillingness to voluntarily settle the debt, you have been referred to
>Check Recovery. This automated system is actively looking to locate any
>valid bank account associated with your name and social security number. If
>such an account is found, Check Recovery will move to recover the entire
>balance due at once.
>If you would like to have control over how and when your loan(s) are
>repaid, please contact me to put a firm payment plan in place. If I do not
>hear from you by close of business 13 March 2007 I will assume you would
>rather have my company take back what you owe rather than paying it back on
>your own terms. You may contact me by phone, fax, or email.
>Thank you in advance for your cooperation.


Jan- I am dealing with them as well. I am dealing with a Ryan Hall. I didnt think they could do this especially if its a different account? They cant just take money out of someones account without authorization. I'm pretty sure about that....

Do you still have the same account you had when you had the loan from them?


lrhall41

Submitted by Tweety71 on Mon, 03/12/2007 - 11:49

( Posts: 2061 | Credits: )


I would talk to my bank and let them know what is up so they are aware of it and maybe can help make sure that this doesn't happen. Just a thought, my brother was concerned about someone dipping into his account without his knowledge (think I mentioned this on another thread), but his bank put a type of hold on his account to where he had to let them know when he wrote a check, to whom and how much it was for, plus if he wanted cash, he had to physically go to the bank to get it, and they did not let any automatic withdrawals go through unless he told them what ones were allowed to go through with his permission. Don't know if your bank can do that, but it is worth a try. I know it sounds like a pain in the backside, but might be worth it for a short time, until you can get this cleared up anyway.


lrhall41

Submitted by 2nband on Mon, 03/12/2007 - 12:00

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There are check revovery systems out there but from the research I just did...all it is is a company that eletronically withdrawls the money if you bounce a check to a store or some place like that...but as far as a collection agency being able to go in and take your money it says nothing of the such....


lrhall41

Submitted by Leah on Mon, 03/12/2007 - 12:31

( Posts: 2322 | Credits: )


I got a message from one of their representives the other day. I had a payday loan with them back in March of 2004. I believe that I paid them because I was loaned the money from a relative to pay back all of the loans that I had. Only thing is I cannot find the receipts from the money orders. I have not had any trouble with any of the other loans that I paid off at that time. The representive left a message saying that they are prepared to take action against me. If I don't pay this loan. When I asked him what that action was, he said that I know what that is and if I don't then to ask a lawyer. Matter of fact, he was down right rude and said that he was going to put down that I was going to pay in fulltoday even after I told them that I would not have the money today. What should I do and what actions can they can take?


lrhall41

Submitted by on Mon, 03/19/2007 - 10:35

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I find it amazingly hard to believe that is a valid and legal contract under the eyes of the court.I would send a copy of said toiletpaper(contract,yea right!) to your attorney general.Please do remember if they are illegal to loan in your state,I find it really hard to believe that the contract would be enforeable.It would put liability on collector,lender,and check guaranty service for attempting to enforce this.Can you say unlawful/unfair trade practices!FTC and Attorney Generals love those words. Can you say $$$$$$.


lrhall41

Submitted by cajunbulldog on Sat, 03/31/2007 - 17:33

( Posts: 4850 | Credits: )