payday loan threat
Date: Fri, 04/30/2010 - 08:52
can they really do this
They can try, but given the information you've given, I doubt th
They can try, but given the information you've given, I doubt they would succeed. It is not fraud to make a payment on a loan for less than your creditor claims you owe, nor is it any other kind of criminal offense. It is a civil offense to knowingly stop payment under a loan agreement, and if they can prove it, you would have to pay the CA's court costs and attorney fees.
The collection agency cannot force your employer to fire you. If they call you at work, tell them your employer prohibits you from getting personal calls at work and under the FDCPA they must stop.
Truthfully, if it had been me I would have asked for verification of the debt before I paid them anything.
I think this are really scam threats you are receiving from your
I think this are really scam threats you are receiving from your creditors.First ask for a legitimate proof of what kind of company they are before making any more payments.If they are legal,they will provide you the relevant details,then take anymore future steps....
Quote:Originally Posted by Anonymousi have been called and told
Quote:
Originally Posted by Anonymous i have been called and told that i was being sent to court on fraud charges for not paying a payday loan of 300 they wanted 857 i paid them 600 then asked them for the loan company in which they were collecting for they would not tell me and asked when they could take the remainder of the money, i said not until i find out what company you are collecting for and he said he is returning my money and filing criminal charges on me and he will make me lose my job can they really do this |
What state are you in? Was this an Internet loan? No one can make you lose your job over a debt.
How did you pay the $600? I'd reverse that payment if I were yo
How did you pay the $600? I'd reverse that payment if I were you. Send these people a DV letter. It sounds like the typical scare tactics used by so many IPL collectors. Did the man have an Indian accent?
Quote:Originally Posted by ShazzersWhat state are you in? Was th
Quote:
Originally Posted by Shazzers What state are you in? Was this an Internet loan? No one can make you lose your job over a debt. |
i live in Michigan
Quote:Originally Posted by OhioGal1How did you pay the $600? I'
Quote:
Originally Posted by OhioGal1 How did you pay the $600? I'd reverse that payment if I were you. Send these people a DV letter. It sounds like the typical scare tactics used by so many IPL collectors. Did the man have an Indian accent? |
yes he did
Were your loans taken out over the internet and do you have the
Were your loans taken out over the internet and do you have the names? Do you have the name/phone number of the collection agency who called you? It's entirely possible many of us have had dealings with the same PDL's and their "representatives" before. I agree with others, this sounds like one of the online PDLs' collection agencies. Many times they're not even located in the United States.
Quote:Originally Posted by Anonymousi live in Michigan Your stat
Quote:
Originally Posted by Anonymous i live in Michigan |
Your state requires Internet payday lenders to be licensed in your state. In the state of MI, criminal charges are prohibited for owing a debt so whoever is calling you and making bogus threats are obviously not legit. Next time they call tell them you have no clue what they are talking about and until you receive a letter of collection via the mail (as required by federal law) you have nothing more to say to them. If they continue to call, get as much information from them as you possibly can, name, phone number, address, etc., then file a complaint against them with the FTC.