CashnetUSa and debt buyer
Date: Fri, 04/09/2010 - 11:45
If the loan was legal then anyone can buy the loan and collect o
If the loan was legal then anyone can buy the loan and collect on it. They just can't add interest without a license.
If the lender is legal in your state then they can charge all th
If the lender is legal in your state then they can charge all the fees and interest legally.
Regarding the licensing status of the collection agency, some states do not require the CAs to obtain license to perform their businesses in the state. But you may still send a DV to the CA to confirm that they have legal rights to collect on the account.
I am assuming you have received a letter of collection in the ma
I am assuming you have received a letter of collection in the mail from this CA? If so, make sure you send that debt validation letter within the 30 day window.
I received no letter just phone calls and they don't leave compa
I received no letter just phone calls and they don't leave company name just personal name and threatening with drivers lic. and SS. They are calling my work now.
People on the collections forum said M. Calligan and Assoc.
were bottomfeeders and not to give them any money.
I don't know what to do now.
Quote:Originally Posted by AnonymousI received no letter just ph
Quote:
Originally Posted by Anonymous I received no letter just phone calls and they don't leave company name just personal name and threatening with drivers lic. and SS. They are calling my work now. People on the collections forum said M. Calligan and Assoc. were bottomfeeders and not to give them any money. I don't know what to do now. |
They can't have your driver's licensed revoked, the threats are empty. Next time they call, tell them they have 5 days after their first initial contact with you to send you a letter of collection via the mail, that's a federal law (FDCPA), don't speak to them again until (and if which I doubt) you receive that letter of collection thru the mail.