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PDL Help needed in Texas

Date: Mon, 03/12/2007 - 11:31

Submitted by anonymous
on Mon, 03/12/2007 - 11:31

Posts: 202330 Credits: [Donate]

Total Replies: 3


My son just called me to say that he needs to move back home because he "got in over his head." Once he explained what he meant, I was just floored. I had no idea anything like this even existed. Since I know nothing about PDLs, I ran a search and found this site and am hoping that someone here can help us, short of handing over the money. Haha!! Anyway, my son got a call from Jackson Phillips in Florida telling my son that they were going to send someone to his work to get the money and then they were going to persue legal action because Texas has a no tolerance policy. My husband gave them a call and spoke to Joan Peterson who denied threatening my son (1st lie). She said the money was funded by the Federal Government (2nd lie) and that my son owed the money to CMG Group, Inc. A little research found that they are located at P.O Box 636 Charlestown, Nevis, West Indies. We were going to pay them off with our credit card, but it was one that they don't take. Unfortunately, this is for only 2 PDL's my son has. He is getting the information for us and how much money he has paid them already. He had to close his checking account because they were taking so much money out that his paycheck didn't cover the deductions. How on earth can this be legal???? The interest rates alone are usurious. Do they get around it by using non-US Lenders???
HELP!!!! All advice would be greatly appreciated.


First off, most of the IPDL's are not operating legally...by most I mean pretty much all of them. Regardless of anything your son has signed, the IPDL's have to abide by the state laws that your son resided in when he took out the loans..Go to http://www.paydayloaninfo.org/lstatus.cfm for this information. Also, he needs to figure up how much he was loaned, and how much he has paid. It is possible that he has far overpaid them(I am having the same problems). Then he needs to contact his employer payroll department and explain to him the situation so that these payday lenders do not try to take his paycheck because they will. Also, you need to file a complaint with the AG for this company as well as the FTC. This company will threaten all sorts of things, I had one company tell me that 25 people are coming to arrest me and take my son away...Just be prepared...Also, I wouldn't give these companies any financial information--they will ruin you! MY mom paid one off for me and they racked up her credit card bill over 3000 in one charge(I only owed them 139 dollars) If they want payment and you determine he owes it, tell them MONEY ORDER ONLY. IF they want their money, they will take it. Also, you may want to contact an attorney if you can afford one.


lrhall41

Submitted by Leah on Mon, 03/12/2007 - 11:43

( Posts: 2322 | Credits: )


You are getting the calls from a collection agency hired by the original lender from whom your son got the loan. All collectors must follow the federal laws on debt validation. This will confirm about their genuine collection practices. They can't take any actions until all the details about the debt are given in writing. If they continue to threat, use your legal rights and sue them. Making false threats and using unfair practices is a violation of the law.


lrhall41

Submitted by Johnson4485 on Mon, 03/12/2007 - 12:43

( Posts: 399 | Credits: )