NCO and SRS Associates
Date: Tue, 03/16/2010 - 15:08
So I am not sure if this should be in the PDL forum or not .. but I am sure on of the admins will move it if it needs to be :)
Here is the situation. I took out a PDL from Vince Enterprises 2008 for $300 and I have paid back the $375. Then I sent the letter to SRS and associates that is one of the template letters about PDL's being illegal and they could no longer withdrawl the funds and etc.... They have since stopped and I have not received any other calls/letters/faxes/ correspondence of any kind. I pulled my credit report today (FINALLY) and now NCO is listed on my credit report showing they are collecting for Vince Enterprises.
So I have a couple of questions here. I will send the necessary information to NCO (debt validation along with other letters and such stating that I have over paid the illegal loan and that they are collecting for an illegal loan etc..) But do I also send one to the credit bureaus as there are two companies attempting to collect on this now.
Mind you I made the agreement with SRS and associates before I found this site and learned many a thing so I am much smarter about how I deal with things now... but I want to make sure that I get that one off the credit report. I have enough legit stuff on there that is bringing it down without this kind of hassle.
Please someone smarter and wiser direct my next actions! Thanks!!!
Here is the situation. I took out a PDL from Vince Enterprises 2008 for $300 and I have paid back the $375. Then I sent the letter to SRS and associates that is one of the template letters about PDL's being illegal and they could no longer withdrawl the funds and etc.... They have since stopped and I have not received any other calls/letters/faxes/ correspondence of any kind. I pulled my credit report today (FINALLY) and now NCO is listed on my credit report showing they are collecting for Vince Enterprises.
So I have a couple of questions here. I will send the necessary information to NCO (debt validation along with other letters and such stating that I have over paid the illegal loan and that they are collecting for an illegal loan etc..) But do I also send one to the credit bureaus as there are two companies attempting to collect on this now.
Mind you I made the agreement with SRS and associates before I found this site and learned many a thing so I am much smarter about how I deal with things now... but I want to make sure that I get that one off the credit report. I have enough legit stuff on there that is bringing it down without this kind of hassle.
Please someone smarter and wiser direct my next actions! Thanks!!!
This is often a tactic that the illegal payday lenders use to co
This is often a tactic that the illegal payday lenders use to coerce more money from the customer and since they can't report to your credit report they use a collection agency to do the damage. Send a Cease and desist letter to the collection agency mentioning that they are collecting on an illegal lender and they must remove the item from your CR as they have no legal right to do that. And, yeah, send dispute letter to the CRA as well with documents to prove your claim.
You can use the search box to read more as similar situations have been discussed in the past as well.
