Collection agency will not accept payment arrangements

Date: Wed, 10/22/2008 - 18:48

Submitted by anonymous
on Wed, 10/22/2008 - 18:48

Posts: 202330 Credits: [Donate]

Total Replies: 9

I was stupid and went to a cash advance place and took out a loan. I failed to pay it back, it was turn over to a collection agency. I called them back the first time they called and tried to set up arrangements, however, they want their money in full and are not will to negotiate any type of arrangement. They told me if I did pay they would turn it over to their legal department and take further actions including going to court and garnishing my wages up to 33%. Can they do this even if I am attempting to repay the debt? They told me they were unacceptable terms on how I wanted to pay them back. It would take me 2 months, but I would be making 2 payments a month. Any thoughts?

Which state do you live? PDL laws vary from state to state. Find

Which state do you live? PDL laws vary from state to state. Find whether Cash Advance is legal in your state.

I have found the following threads which may give you some idea - How to tackle Cash Advance: -
Cash Advance Network

I need help to get out of cash advance debt

I have 5 payday loans out and can not pay them all at once

lrhall41

Submitted by phoenix on Thu, 10/23/2008 - 00:34

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Hi, In addition to your state, can you also provide the name of

Hi,
In addition to your state, can you also provide the name of the company, how much you borrowed & how much have you paid them back so far including all fee's.

lrhall41

Submitted by dawnlango7 on Thu, 10/23/2008 - 07:13

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From the first post ~ it sounds like it's a storefront loan. Th

From the first post ~ it sounds like it's a storefront loan. That being the case, I assume that company is legal since they have an actual place of business.

In any case - List the info Dawn asked for and we can go from there :)

lrhall41

Submitted by debrag_25 on Thu, 10/23/2008 - 07:34

( Posts: 220 | Credits: )

Thank you, I reread the first post again and saw that. Hopefull

Thank you, I reread the first post again and saw that. Hopefully they will post the rest of the info for us... :D

lrhall41

Submitted by dawnlango7 on Thu, 10/23/2008 - 08:13

( Posts: 1147 | Credits: )

pdl

What I did, when a CA called my house, about an unpaid PDL, I told him I would pay ONLY what I barrowed. He said he "couldn't help me." I told him what I would pay for the loan ( Iwould pay the amount I owed, but, I would do it in apyments.) I just hung up. I'll call him back at a later time.

lrhall41

Submitted by sdchargers_63 on Thu, 10/23/2008 - 09:46

( Posts: 1798 | Credits: )

You might want to send a C and D letter to the collector and als

You might want to send a C and D letter to the collector and also ask them to vaildate the debt.

lrhall41

Submitted by wssu92 on Thu, 10/23/2008 - 14:50

( Posts: 510 | Credits: )

debt

Seems, sometimes, that the most difficult people to deal with are the s-called CA's that call about PDL's. Don't the CA's know that MOST PDL's are illegal? The CA's just 'play into that game? Gosh. I think I DO need to send a letter..thanks for the advice.

lrhall41

Submitted by sdchargers_63 on Thu, 10/23/2008 - 18:33

( Posts: 1798 | Credits: )

Send them a debt validation letter. Have they sent you a dunning

Send them a debt validation letter. Have they sent you a dunning letter.

lrhall41

Submitted by Shazzers on Thu, 10/23/2008 - 19:04

( Posts: 17344 | Credits: )

ca

No, they haven't. Actually......I haven't heard from them in a while. The CA, I mean. I haven't contacted the PDL i barrowed money, however. Usually, in any OTHER debt, it would probably be a good idea to contact the OC. What about THIS situation?..I have a feeling the PDL would just tell me I owed ALL kinds of money..above and beyond what I barrowed.

lrhall41

Submitted by sdchargers_63 on Fri, 10/24/2008 - 19:47

( Posts: 1798 | Credits: )