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civil action by payday loan company

Date: Wed, 12/12/2007 - 10:50

Submitted by walker.christine
on Wed, 12/12/2007 - 10:50

Posts: 4 Credits: [Donate]

Total Replies: 54


I was contacted yesterday by an agency hired by a payday loan company (my cash now) to sue me in court if I don't cough up $1100 by this Friday. I have learned a hard lesson about payday loans, and had several. All of these companies except for this particular one were willing to negotiate a settlement/payment of sorts. They are now threatening to have my wages garnished. I found out since I originally took out the loan that my state (Louisiana) limits loans to $350, yet I was able to get $500 from them. Will that give me any leverage in court? I am pretty freaked out right now about this because this just couldn't come at a worse time for me financially.


I dont think that a company will alert you to the fact that you will served . It is a scare tactic to get you to pay them . chances are that this company is not even licensed to lend in your state. If I am not mistaken ( and someone jump in if I am) I dont even think that this company is in the US. I think they are in Canada. They will not, they can not do anything to you.


lrhall41

Submitted by kashzan on Wed, 12/12/2007 - 11:37

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Thanks for the info. I didn't realize my cash now was in Canada. I'm guessing the agency hired for their civil suit might be located here in the US? I was told I'd be served Monday either at my job or my home. I was told to call back this evening to let them know if I am able to come up with the payment by Friday. I had been left a couple of phone messages by a guy named Tommy Schwartz to call him regarding a pending civil suit in Louisiana. When I returned the call, I spoke to someone named Donna Fox, (it was a 1-800 number). When the phone was answered, they did mention the name of the company, but I don't remember who it was.


lrhall41

Submitted by walker.christine on Wed, 12/12/2007 - 11:59

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I seriously doubt that they will come from Canada to serve you with papers. An illegal company can not get a legal court to do anything. They will say anything they can to scare the hell out of you. Just know that it is just a tactic and that you are safe. I think you said you loaned 500.00 . How much have you paid them back


lrhall41

Submitted by kashzan on Wed, 12/12/2007 - 12:02

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The phone number is: 1-800-801-0065. My original loan was for $500, and I did make at least one payment that I can recall. I was really trying to handle it, but unfortunately, everything else caught up with me at once (other payday loans, plus right around the same time, my cat was diagnosed with cancer, I had vet bills to take care of). I guess the reason they are asking for so much money is because of interest and late fees. The actual amt of money they say is owed is $1675.45, but If I can come up with money by this Friday, they'll knock off some of the interest and I'll "only" have to pay $1154.00.


lrhall41

Submitted by walker.christine on Wed, 12/12/2007 - 12:11

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I appreciate the feedback so far. I am signing off now because I am getting off from work, and I don't have the internet at home. I will check back tomorrow to see if there's any more messages posted. At least the knot that was in my stomach after talking to that company has gone away, I do feel a little better now! Thanks again...I just might be able to sleep tonight!


lrhall41

Submitted by walker.christine on Wed, 12/12/2007 - 13:31

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At the risk of sounding stupid...what's a debt validation letter? I've never heard of that.


lrhall41

Submitted by on Thu, 12/13/2007 - 11:17

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I found the sample letter. I will have to re-word a couple of lines, but at least I have something to go on. I guess I can type that up today and fax it to them before I leave from work. I guess that this letter will at least stop anything pending and buy me some time?


lrhall41

Submitted by on Thu, 12/13/2007 - 12:15

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I am dealing with my cash now also ...on a loan I defaulted on in June. Freaky gave me another address for the,...and knows a lot about them if you PM him.
Their collection agency is usually CPD or Credit Protection Depot...maybe they turn it over to yours after that.

4700 Rossville Road
Chattanooga, Tn 37407
866-645-1661


lrhall41

Submitted by Morningstarr430 on Thu, 12/13/2007 - 18:30

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This is back to DRB. They are supposed to serve me on the 17th. I spoke to them on the 12th.


lrhall41

Submitted by on Fri, 12/14/2007 - 16:03

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The civil suit would have to be filed with the local court in the Parrish (county) you live. So, you can call the courthouse and ask them if any suits have been filed against you. They would have the info there. My guess is they are going to tell you they have nothing.

If that is the case, this company is doing just what has already been said in previous posts, trying to scare you into paying. These types of threats are illegal, and you can actually file a suit against them and be awarded $1,000 per violation.


lrhall41

Submitted by Tiffany99 on Wed, 12/19/2007 - 10:25

( Posts: 1058 | Credits: )


I am in La and also dealing with my cash now. I refuse to answer their phone calls! They email me, however I can't email them back (I was told that they do not accept emails). At this point, it's at a standoff. They recently told me I owe over $800 for a $500 loan (which I paid $560 back). Our laws in La clearly state that a loan cannot be for more then $350 AND there are no rollovers allowed. I am not backing down and I am not paying them anymore.

I have a quick question, does anyone have a complaint form letter that can be sent to the AG's office? I want to file a complaint against them and I figure if we all bombard our AG's offices with pdl complaints, something will be done.

Good luck to all.


lrhall41

Submitted by Shay on Sun, 12/30/2007 - 13:27

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1-800-801-0065....SRS and Associates are a small collectionas agency that try to use bully tactics to get people to pay on old debts.

Their address is

Superior Recovery Services & Assoc.
80 S. Main Road. Suite 112
Vineland, New Jersey 08360
run by Kelli and David Greico
856-691-3636


lrhall41

Submitted by on Thu, 03/13/2008 - 05:59

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I saw somewhere that SRS address is....

Superior Recovery Services & Assoc.
80 S. Main Road, Suite 112
Vineland, New Jersey 08360
856-691-3636
managed by Kelli & David Grieco


lrhall41

Submitted by on Thu, 03/13/2008 - 06:03

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This small collection agency is breaking many fdcpa rules across our country. Call the FTC or Attorney General in New Jersey if your rights have been violated. Do not deal with them !
Their address is
SRS & Assoc. (Superior Recovery Services & Assoc.)
80S. Main Rd., Suite 112
Vineland, NJ 08360


lrhall41

Submitted by on Sat, 03/15/2008 - 00:16

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These guys used profanity with me on the phone!


lrhall41

Submitted by on Sat, 06/07/2008 - 22:42

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if people would pay their debt then they wouldnt have to deal with a collection agency.im at fault too i have debt, but i also work for a collection agency, word of advice if you see your in hard times dont use your credit card, just because you dont read the contract doesnt mean it doesnt exist, using the card and not making payments is the same as stealing!


lrhall41

Submitted by on Thu, 08/28/2008 - 17:41

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Quote:

if people would pay their debt then they wouldnt have to deal with a collection agency.im at fault too i have debt, but i also work for a collection agency, word of advice if you see your in hard times dont use your credit card, just because you dont read the contract doesnt mean it doesnt exist, using the card and not making payments is the same as stealing!


Do you collect debts for legal or illegal companies?
Yes, people are at fault for defaulting. BUT some of these " collection agencies" do business on the hope that the people they are calling are to stupid ( no offense to anyone, I was stupid with bad collectors too once ) to know that they are breaking laws.

And we aren't talking about credit card's here. We're talking about illegal and legal payday loans. Most people who are dealing with "collection agencies" on THIS forum have over paid on a loan that was illegal to begin with.


lrhall41

Submitted by on Thu, 08/28/2008 - 23:38

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PRS, Life happens things come up and bills fall short. That is just the way it is, please do not come down on fellow forum members because you work for a CA. Also all CAs are not legit, and use abuseful tactics in collecting debts. So I would not trust anything anyone says unless I get it in writing. Wether you owe the debt or not, everyone does not always play fair.

The common factor I have seen on this forum is most CAs try to collect on a debt that has been way OVERPAID to PDL already. So to me that is ILLEGAL and UNACCEPTABLE.


lrhall41

Submitted by Cool_Abyss on Fri, 08/29/2008 - 05:23

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where i work i know the people i talk to are not stupid but they think they can borrow money and not pay it back, im not trying to come down on anyone but it would be good of people to know what they are talking about when they say places like srs and prs are breakin


lrhall41

Submitted by on Fri, 08/29/2008 - 10:08

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where i work i know the people i talk to are not stupid but they think they can borrow money and not pay it back, im not trying to come down on anyone but it would be good of people to know what they are talking about when they say places like srs and prs are breaking laws we all stay with in the laws where i work we never say "we are going to garnish your wages" we say "our client has the ability to garnish your wages if they wish to" what people dont realize is threats and implications are two different things and when speaking to people they are so scared because they know they are in default they get defensive and are abusive to collectors which determines how the mood of the conversations will be


lrhall41

Submitted by on Fri, 08/29/2008 - 10:12

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The payday loans are NOT illegal. They are governed by the laws of the country of Panama. If you accept the money, you owe the debt.


lrhall41

Submitted by on Thu, 10/09/2008 - 05:50

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the trolls are extra stupid today.listen biffster,the company is illegal and your illegal CA SRS is also illegal.if they are so legal come from PANAMA and do something.by the way,nobody is saying borrow money and don't pay it back.it's just that illegal companies like this don't allow payoffs,debit for 10x the loans worth,then want to criminally harrass after the consumer defaults.let's say i borrow 300.00 your company debits 700.00
i am done by US law which prevails whether you like it or not.


lrhall41

Submitted by paulmergel on Thu, 10/09/2008 - 06:11

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The SRS and Associates company is ligit I checked the background of the foundation of the company and they deal with payday loan companies and credit cards.. As for many people I hate the phone calls as much as you guys do but remeber alot of the time I dont even give then a chance to speak to me.. lol Maybe its there job to collect but they shouldent cuss at someone.. However i had a friend who worked as a collector and he said that the "Debtors" were so mean and ignorant and people forget that collectors are people and so they become frusturated sometimes and thats why sometimes they get out of hand.. But I dont know .. I know Ill never do it..lol


lrhall41

Submitted by on Thu, 04/09/2009 - 18:52

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