Will they call my employer?
Date: Fri, 01/30/2009 - 10:58
How do I deal with the illegal ones? I am closing down my checking account. Should I email or call these companies and tell them the account is closed and I do not plan to pay them because they are illegal? Or do I wait and let them contact me after they try to draft the account and the account is closed?
I really don't want these companies calling my place of employment. If I email them and tell them not to contact me at my work number will they honoe that request or will they call the work number even more because they know that is the one thing I do not want them to do?
Any help and advise will be appreciated very much.
Did you send them a C & D letter? When I sent mine I specified t
Did you send them a C & D letter? When I sent mine I specified that they could not call me at work, my personal references or my employer. So far I have not had any problems and have been doing all correspondance via e-mail and registered mail.
A C & D letter is only for collection agencies. Not the original
A C & D letter is only for collection agencies. Not the original PDL.
LizzzyGizz You need to send them a letter stating that they are illegal and that you are only willing to pay the principle on the loan or you have already paid it.
Here is a template you can use.
[quote]Date:
Name Of PDL
Your Name
City, State
Account #
After doing research regarding Internet payday loan laws in the State of _______, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of _____ in general:
Your State Information
[Paste State Law Here]
I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected.
I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office.
I prohibit you or your affiliates to contact me via telephone at my place of employment or my home
telephone number. I also prohibit you from calling my references listed on my loan.
Due to the fact that Internet payday loans must be licensed in the state of ____ to be a legal and binding contract, your company should NOT issue loans to ____ residents at all. I am requesting that you send me your license number which enables you to offer loans to ____ residents.
The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments.
I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the ____ Attorney General's Office.
I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.
Sincerely,
Your Name
CC:
Better Business Bureau
Ohio Attorney General
Federal Trade Commission[/quote]
You can fax, email or send it certified USPS or all three. I only emailed mine.
Make sure you have secured your bank account BEFORE you send the letters. Illegal PDLs are known to debit entire loan amounts if they think they won't get their money.
I will look again on the other two PDLs you listed.
They may call your job. It really depends on the PDL.
i have experience with loan point usa. i hate them, lol. but i d
i have experience with loan point usa. i hate them, lol. but i did send them a c & d letter (i figured it would not hurt!) it was my understanding that you have the right to tell any creditor (even the original?) not to call your employer. i am not an expert so i very well might be wrong. but again i figured it wouldnt hurt to send it. they did call my work but after i pointed out that i told them not to, they really did stop calling me there. they did harass me at home though and screamed at me, threatened to tell my job i used office email, blah blah. they are a nightmare but if you stay strong they will listen to you in the end.
