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Please help!!!

Date: Tue, 04/22/2008 - 07:26

Submitted by carmen
on Tue, 04/22/2008 - 07:26

Posts: 6 Credits: [Donate]

Total Replies: 13


I just got a call from a debt collector, and told me if I don't pay be tomorrow 400 dollars, they will take me to civils court, and garnish my wages, can someone please help me


Virginia State Information

Legal Status: Legal

Citation:
Va. Code Ann. ???? 6.1-444 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 7 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218
Phone: (804) 371-9657
Fax: (804) 371-9416
Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance
Regulator Website

Licensee Database

Complaint Instructions

Complaint Form Link

Online Resources:
Brochure: Consumer Guide to Payday Lending


lrhall41

Submitted by kashzan on Tue, 04/22/2008 - 07:37

( Posts: 5401 | Credits: )


how much total was paid back,please try to come up with a total.


lrhall41

Submitted by paulmergel on Tue, 04/22/2008 - 07:44

( Posts: 15514 | Credits: )


89 times 3 is 267.00,if i am not mistaken you have overpaid.


lrhall41

Submitted by paulmergel on Tue, 04/22/2008 - 07:56

( Posts: 15514 | Credits: )


carmen,it sounds like an illegal pdl.no legit pdl would threaten that.no pdl could get that done that fast,they are just trying to scare you into paying.


lrhall41

Submitted by paulmergel on Tue, 04/22/2008 - 08:18

( Posts: 15514 | Credits: )


They are just trying to scare you, it sounds like. I have one who is threatening me with reporting me to chexsystems. From what I understand they can't do that because they aren't a bank or a credit union. They will use various scare tactics to try to get you to pay. It sounds to me like you have settled your debt with them. They WILL bleed you dry if given the opportunity.


lrhall41

Submitted by freak.me.out on Tue, 04/22/2008 - 08:42

( Posts: 98 | Credits: )