C&D
Date: Wed, 12/17/2008 - 22:31
1. What good are C&D letters if as I have read on here the lenders don't have to honor them since they are original creditors?
2. If we contact each company each morning, can they still visit our place of employment? Call the relatives listed on our app?
3. We are scared because we read that an employer can discharge you in Iowa if more than one company tries to garnish you, so obviously we want to pay these off ASAP. Just concerned about our livelihood.
any information appreciated, i'm in Iowa
Alba, are your payday loans legal or illegal? If you send C&
Alba, are your payday loans legal or illegal?
If you send C&D letters and they do not comply you can file bbb complaints, FTC complaints etc,your states AG etc, and possibly hire an attorney to go after the creditors for violation of the Fair Debit collection act.
2. Lots of creditors use this as what's known as a "strong arm tactic" to get you to pay. They can't come to your place of employment. If they do, and you've given them the C&D letters file harrasement charges against them.
3. If you signed any wage assignments, revoke their athorization ASAP today. Also give a copy to your HR/Employer.
Beli...original creditors are NOT subject to fdcpa so sending al
Beli...original creditors are NOT subject to fdcpa so sending all of those letters is totally moot.
Yes ...revoke all wage assignment and authorization.
Soaplady, yes it does.. this is exactly from the Pdf from FTC we
Soaplady, yes it does.. this is exactly from the Pdf from FTC website under their deffintions.
The term ???????creditor??????? means any person who offers or
extends credit creating a debt or to whom a debt is
owed, but such term does not include any person to the
extent that he receives an assignment or transfer of a
debt in default solely for the purpose of facilitating collection
of such debt for another.
(5) The term ???????debt??????? means any obligation or alleged
obligation of a consumer to pay money arising out of
a transaction in which the money, property, insurance
or services which are the subject of the transaction are
primarily for personal, family, or household purposes,
whether or not such obligation has been redu
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf