Got a letter from A.C.A. Recovery, Inc.
Date: Thu, 11/29/2007 - 06:20
Submitted by cheshirekittykoo
on
Thu, 11/29/2007 - 06:20
Total Replies: 2
I am now working with Town and Country and getting the ball rolling.
2 things are still really bothering me...
yesterday I got a letter in the mail from ACA and it said the client name was INSTANTCASH and the total was 545.00.
I was confused because I never borrowed from an instantcash so I called.
After HOLDING forever a "Lady" came on there and started out really nice then I finally got her to admit instantcash was MTE Financial. I then told her I am working with MTE and paying my principal NOT 545.00. After a few more exchanges she laughed at me and told me to get a lawyer. Also, when they have you on hold there is this man talking about "Check fraud" and getting things rectified before legal action is taken. That is a generic hold msg??? LOL.
So...do I have anything to worry about? T & C will be paying them a little every month with my other payments.
CASH CALL...sent me a letter to begin arbitration. I am 60 days late. I spoke with someone who was actually NICE there but she could not help me until I went into 90 days and arbitration proceedings had started. Not the actual court...but them beginning the proceedings of sending things out. I was and still am confused. They are on my payments for T&C as well.
I was told that arbitration may be better as I can make payments without a 96% interest. However, I dont want the embarrasment of having something sent to my house or a cop showing up...how do they send those papers????
I dont want others in my household knowing im in this mess...if ya know what I mean.
Thanks for any suggestions.
~C
hi cheshirekittykoo... MTE doesn't have a leg to stand on as
hi cheshirekittykoo...
MTE doesn't have a leg to stand on as far as the "check fraud" thing, and telling you to get a lawyer is simply a scare tactic they use. If they are not licensed to do business in your state, and you don't live in a state (such as PA) where lenders licensed elsewhere can lend into your state, then they already know this. They can't charge you with check fraud for defaulting on a payday loan, or placing said loan into a debt consolidation program for repayment. I find it very amusing that they even incorporated those threats into their hold message! I'd love to see an attorney call them and listen to their hold message.
Cash Call is a different story - they are notoriously difficult to deal with, and they don't like working with consolidation programs. As far as how the papers come, I think it depends on how they request them to be served. Sometimes a generic process server comes to your door, sometimes it's a sherrif's deputy, etc. (Someone correct me if I'm wrong - I'm not sure on that one.)
Is it possible that you can discuss this situation with your family, rather than trying to hide it from them? I understand your embarrassment, but we've all been there, and have had to kind of "face the music" so to speak. Your family would most likely understand if you explained that you got involved with these companies out of desperation, and you realize it's a mistake, and that you're trying to correct the mistake by getting help from T&C. It might be better to discuss it with them now, rather than have papers show up, or have someone in the house accidentally discover the situation.
