Finding so much info.. but so confused
Date: Wed, 03/31/2010 - 14:00
On Nov. 9, 2009 I borrowed $350.00 online using impactsolution. I was contacted via telephone by a representative stating the following information: On a $350.00 payday advance loan, you authorize PDL Ventures, LLC to draft one payment / payment in full in the amount of $455.00 on 12/2/2009. We will send you the paperwork via email within the next 12 ??? 24 hours. I never received paperwork, e-mail, contact information, and etc. I thought that was odd. However, I didn???t have the slightest idea how to contact them regarding my payment agreement.
The following debit transactions were made from my checking account:
12/2/2009 Impact Cash LLC $105.00
12/17/2009 Impact Cash LLC $105.00
1/4/2010 Impact Cash LLC $105.00
1/19/2010 Impact Cash LLC $105.00
2/4/2010 Impact Cash LLC $155.00
2/17/2010 Impact Cash LLC $140.00
Automatically this was a red flag, so I knew they would attempt to draft on my next pay period. On 3/1 they attempted to draft $140.00 from my checking account. I immediately issued a stop payment on the transaction renewing the term to 6 months with my bank.
Justin, PDL Ventures, LLC. Representative contacted me around March 8th via telephone insisting ???we??? settle this debt, claiming I missed my last payment. I informed him that without paperwork we would not be continuing our conversation. So he emailed me paperwork with absurd finance charges that are not clear to me. Oddly, his email information said Spot on Loans. Most importantly, I never would agree to what Justin was claiming. The next day Justin called me at work trying to force me into agreeing to (4) four more installment payments claiming the payoff is $360.00 as per the ???agreement???.
So, I have been trying to figure out if this is legit which would seem horrendous if so. Can someone please help me? I am a single mother with good credit scores and do not want them to suffer from this. As a single parent, your credit rating is almost all I have.
Thank you in advance for any information you can provide.
Impact Solutions isn't legal in your state, that's why they are
Impact Solutions isn't legal in your state, that's why they are charging you an outrageous amount of interest. There is only one way to stop them and that is to close your account. If you try to place an ACH block on them they will only change their name and debit your account again. As far as your credit rating, all you would need to do is dispute any negative marks they would place on your report, as they are illegal lenders, therefore the credit reporting agency would remove any marks. CLICK HERE to find out how to deal with illegal lenders.
So strange! I haven't heard from him since around 3/8 and he cal
So strange! I haven't heard from him since around 3/8 and he called and emailed me today. At the bottom it says this information is being sent from a debt collector. Impact Solution is a website that finds local lenders. Confusing. Do I still follow the steps you referred me to?
Hi! My name is Justin from Spot on Loans. Your account has been referred to
me from PDL Ventures for escalated collections. I work with our delinquent
and past due accounts. Your account shows that you have a past due balance
of $325.
I understand that sometimes things come up and its hard to make a payment,
but I'm here specifically to help you. I will be as flexible as I can to
help you work out a way to get this paid off and taken care of before any
additional action will be taken on your account. I need to hear from you
as soon as possible.
We need to have a plan in place on this loan in order to protect you from
additional re-attempted ACH deductions and the resulting overdraft fees.
Also, if I don't hear back from you we will be forced to seek further
action through a third party collections agency. Call me - it will only
take us two minutes to take good care of you.
You can pick from the following payment options:
--1-- PAY IN FULL AND RECEIVE A DISCOUNT
--2-- MAKE A GOOD FAITH PAYMENT TODAY (-0 WHICH IN TURN, WILL ALLOW ME TO
BE MORE FLEXIBLE WITH YOU FOR FUTURE PAYMENTS.
--3-- SPLIT YOUR BALANCE UP INTO THREE PAYMENTS TO BE RUN ON YOUR NEXT
THREE PAYDAYS.
--4-- DON'T CALL ME BACK OR IGNORE THIS EMAIL, AND HAVE YOUR ACCOUNT BE
SENT TO A THIRD PARTY COLLECTIONS AGENCY.
The sooner you contact me the more I will be able to work with you.
Thank you,
Justin B.
Spot On Loans
1-800-707-0102 EXT 5412
[EMAIL="rep5412@spotonloans.com"]rep5412@spotonloans.com[/EMAIL]
Our hours of operation are Monday-Friday, 7am-5pm Mountain Standard Time.
*You must notify this office within 30 days after receiving the first
notice if you dispute the validity of the debt or any portion thereof or
the office will assume the debt is valid. This communication is from a
debt
collector. This is an attempt to collect a debt. Any information obtained
will be used for that purpose.
If they are notifying you be email then you can rest assured the
If they are notifying you be email then you can rest assured they aren't any legit collection agency. lol Just reply to them that they are attempting to collect on an illegal loan. I would follow up with the original lender, Impact Cash.
I have found multiple websites with complaints and history about
I have found multiple websites with complaints and history about this company. Can anyone provide any information?
Based on my first thread, (see above)
1. What steps do I take after closing my checking account?
2. Why is PDL Ventures who they claimed they were when calling but now are saying they are Spot On & Stop Cash?
3. I don't have a clue of even who deposited this money into my account. The debit transactions say Impact Cash LLC. Who are these companies that are harassing me?
4. How do I find out if the remaining $325 they claim I owe is legit?
5. Can they get away with this?
MOST IMPORTANTLY..
6. What do I say to them because they have called my work twice yesterday & today, and cell phone twice both days.
Shazzers,
I did respond to Justin's email as you advised. I have yet to get a response. You also said to follow up with Impact Cash. How do I contact them and what do I say? (I am not familiar with any of these companies)
Please forgive me for being so ignorant.
Thank you for any and all help!