ACR
Date: Wed, 07/15/2009 - 05:38
I had two illegal payday loans I live in new york. I followed all the steps as suggested and my account with CMG and Midland Financial were sent to ACR. Anyway those people were extremely rude and unprofessional i filed compliants with the BBB, AG, nys banking dept, FTC, FCC as recommended. I received a response form the BBB stating that my compliant would remain unresolved. ACR stated that they did nothing wrong but i would not receive any more comminication until they could validate the debt. That was over a month ago. What should be my next move?
CMG loan amount 300 paid 180
Midland financial loan amount 300 paid 390
Both companies state above amounts are in rollover and fees.
Also right after i recieved the response from the BBB they sent me an email offering to settle my accounts for 397. According to them i owe 661 for each of the above loans.
CMG loan amount 300 paid 180
Midland financial loan amount 300 paid 390
Both companies state above amounts are in rollover and fees.
Also right after i recieved the response from the BBB they sent me an email offering to settle my accounts for 397. According to them i owe 661 for each of the above loans.
If they are illegal payday loans you only have to pay the origin
If they are illegal payday loans you only have to pay the original amount borrowed.
Until they validate the debt there really isn't anything more yo
Until they validate the debt there really isn't anything more you can do, all collection efforts are to STOP until the debt has been validated, by them offering you a settlement they (the collection agency) violated federal law, you could sue them in a court of law for up to $1000.00 for this violation and WIN! Let them know if they continue to attempt to collect from you during the validation period they are in violation of the FDCPA and you will sue them if they don't stop!