Fraudelent Collection Agency-Interstate Wire Compliance

Date: Thu, 12/29/2005 - 04:52

Submitted by anonymous
on Thu, 12/29/2005 - 04:52

Posts: 202330 Credits: [Donate]

Total Replies: 1

Yesterday, Wednesday, December 28, 2005. This was supposedly in regards to a loan from January. The lady that I spoke to was Karen Cohen. This lady told me that I needed to take care of this matter that was given to their Legal Dpt. She even stated that she had 2 Affidavits on me. I was given information on how to wire the money by Money Gram. She gave me 866)759-4158 as the # to reach her on when I made the pymt. The loan was for $350.00, but, with fees it totalled $800.00 She was telling me that I intentionally got the loan and had my account closed so that JVC Processing(Loan Co.) couldn't get their money. THAT'S NOT TRUE!!!!!! Ms. Cohen also stated that anything over $299 is not a considered a Misdemeanor. My question is HOW CAN THESE PEOPLE BE STOPPED???? Apparently they are the ones committeing a crime

Kim Welcome to the forums! Sorry to hear of your financial s

Kim

Welcome to the forums! Sorry to hear of your financial situation. With any payday loan, you're going to end up paying high interest rates. These loans are only a quick fix, and should only be used in an extreme emergency. People don't realize that getting caught up in these will make for a hard fall, if not paid back.

I would recommend calling Karen back and ask for validation. You know the debt is yours, but you need to have a "break down" explained to you. The amount she is requesting is almost 3 times the amount of the orignal loan. Defaulting of course, will result in the companies adding of NSF fees; it still shouldn't be that high.

Offer a deal to her. Perhaps you can pay the original loan of $299 (or $329 if they add NSF charges) and pay it off during the same phone call.

But don't forget to ask for a break down of why the amount differs so greatly from the original loan. You need actual papers to be mailed to you for you documentation purposes. This is a requirement of the collection agency, if you haven't already received a letter.

Keep us informed....

Regards-
Mike

lrhall41

Submitted by Teleport on Thu, 12/29/2005 - 06:59

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