Internet PDL collections advice needed
Date: Wed, 07/14/2010 - 10:56
Quote:Originally Posted by Ian ShannonI live in Pennsylvania. I
Quote:
Originally Posted by Ian Shannon I live in Pennsylvania. I received two payday loans, one from Global Group Holdings and one from SSM Group for $150 each on January 25, 2010 and first due on February 3, 2010. I didn't have the money to pay them at the time and pretty much ignored all of their calls/emails. On March 26 I got an email from NCA (National Credit Adjusters) saying they had my debt and I owed SSM Group $270.00. On April 13, I got an email from Global Group saying this was my "final chance" before being referred to a collection agency, and I then got emails from NCA saying that I owed Global Group $270.00 on April 23rd and April 28th. I also got similar notices in the mail several times. I did some research and from what I've found on this site, I believe these to be illegal lenders. However, right now I don't know how to proceed because I don't know who "has" my debt. I've received two calls (one on July 2nd and one today on July 14th) saying I would be charged with theft by deception and be arrested and that sort of thing from supposed "law offices" and "collection officers". I hung up on them once they started threatening me :mad:. The callers didn't say they were from NCA and I really can't remember where they were from. So I guess my question is, what do I need to do? Where do I send correspondence? The original lender or the collection agency NCA? My concern is "where" the debt is right now because the people calling didn't seem to be from the original lender or from NCA. To clarify, I have not repaid any of the debt at this point and I have not sent any correspondence yet. I am aware that I will probably need to repay the original amount of $150 each, which I have no problem with, I just don't know how to approach the situation. I would really appreciate a pointer in the right direction. Thanks!! :D |
you not only don't owe neither loan,but they both owe you a refund.here is why.
1)all pdl's are illegal in PA meaning
2)all debits they call fees go towards the loan example:
you say you had loans of 150.00 from each place.they each debit say 35.00 since end of feb.that is at least 7 debits each loan.that means you paid 245.00 on each meaning they each owe you 95.00 refunds.go to the sticky titled DEALING WITH ILLEGAL LENDERS at the top of this forum.it will give you everything you need to stop these illegals in their tracks.again you owe them nothing.in fact they owe you refunds.do not pay them a dime more.
Technically, your state doesn't legalize payday loans. So, those
Technically, your state doesn't legalize payday loans. So, those 2 payday loan companies are working illegally. In that case, you're not legally bound to pay off the PDLs. Don't pay heed to their threatening, they can do nothing. Have you given your account number to the PDL companies? If yes, then block your accounts so that they cannot rob your bank account.
The next step would be to send letters to both the PDL companies stating that they're illegal in your state and that you're revoking all ACH authorizations with the PDL companies. State that you don't want to receive any phones and all further correspondence would be via certified mails or emails. Tell them that you want to pay the principle amount and also that if they don't reply; you'll be forced to file complaints against them.
If you still get calls from them, the best option would be to ignore their calls. If you want, you can also file complaints with the Federal Trade Commission and the Better Business Bureau.
Can you tell me what happened with global group? I have this PD
Can you tell me what happened with global group? I have this PDL that I am having a hard time dealing with myself.
Any word on the Global Group issue? I live in Pa and I am going
Any word on the Global Group issue? I live in Pa and I am going thru the same thing?
PDLs are illegal in your state. You only need to pay back the a
PDLs are illegal in your state. You only need to pay back the amount you borrowed. If you've paid them more than that, you owe them nothing. They will send it to a collection agency, etc. but once you ask for validation, they won't be able to provide it. Ignore their calls; change your phone number if you can.
Ok guys here is an update This is the emails I used to get what
Ok guys here is an update This is the emails I used to get what I wanted out of them. Some of the tatics I used was put some "legal" offices in the cc line of the email. If you add the mail part to it, it actually will not go thru....but they don't know that!!!!! Also I offered to settle with them.
In the end I did actually call them and spoke to a supervisor and did negotiate with them and this is what I ended up with getting from them....(At the very bottom in Bold)
I thank you for the offer of Paid in Full, but regret to inform you that this is unacceptable. This account was not a legal contract in the state of Pennsylvania (per County District Attorney, Pennsylvania Attorney General office and Pennsylvania Dept. of Banking). I did borrow and receive the "loan" amount and am willing to pay a "fair" price for interest and fees as a show of good faith. However I have been advised by the Pennsylvania Attorney General and County District Attorney a refund is due.
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I am prepared to accept a refund of $1090.00, no more and no less,posted to account on file in 48hrs of receipt of this email, and a Paid In Full letter on company letter head mailed to my physical address. I have scheduled an appointment at 8:45 am eastern standard time on 03/15/2011, with local District Magistrate to file Civil Suit.
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You have until then to advise and a non- response by 8:45 am (est) on 03/15/2011 will be noted as a refusal of these terms.
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Sincerely,
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----- Original Message -----
From: "Brandy"
Toxxxxxxxxxxxxxxxx
Sent: Monday, March 14, 2011 11:54:57 AM
Subject: FW: Be advised
v\:* {behavior:url();}o\:* {behavior:url();}w\:* {behavior:url();}.shape {behavior:url();}st1\:*{behavior:url() }
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Dear xxxxxxxxxxxxxxxx,
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You are a valued customer of Global Group. After reviewing your account, we have decided to waive the repayment of your principle balance and have established that your account is now paid in full. There will be no further finance charges deducted from your bank account. As long as there are no returns on past transactions, your account will remain in good standing with our company and you will be eligible for another loan if the need arises. Once you have agreed to these terms, please sign and return this document via fax to the toll free number listed below. The above mentioned actions will take place once we have received a copy of this document, complete with your printed name and signature.
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Thank you for being a valued customer.
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Global Group
800-783-4936 – Phone
888-241-5893 – Fax
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Customer Name (printed) __________________________
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Customer Name (signature) _________________________ Date ___________________
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[FONT=Arial][SIZE=2][COLOR=black][COLOR=navy]This transmission may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is a virus free and no responsibility is accepted by Midland Companies, its subsidiaries and affiliates, as applicable, for any loss or damage arising in any way from its use. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you.[/COLOR][/COLOR][/SIZE][/FONT]
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[COLOR=black][FONT=Tahoma][SIZE=2]From:[/SIZE][/FONT][FONT=Tahoma][SIZE=2] xxxxxxxxxxxx[/SIZE][/FONT][/COLOR]
[FONT=Tahoma][SIZE=2][FONT=Tahoma][COLOR=black]Sent: Saturday, March 12, 2011 11:24 PM
To: [email]globalcs@midlandcompanies.net[/email]
Cc: "mailto:complaint"@dof.mo.gov; "mailto:info"@kansascity.bbb.org
Subject: Be advised[/COLOR][/FONT][/SIZE][/FONT]
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March 13, 2011
[FONT=Arial][SIZE=3][COLOR=black][COLOR=black]Global Group Holdings
Midland Financial, L.L.C.
Midland Marketing
3-Midland Market Payday Loan Company
Midland Market Company
1170 S.W. Arbormill Terrace
Lees Summit, MO 64082-4163
and
P.O. Box 901795
Kansas City, MO 6415
(800) 783-4936, fax (866) 408-3052[/COLOR][/COLOR][/SIZE][/FONT]
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[FONT=Times New Roman][SIZE=3][COLOR=black]This letter is to inform you that I am aware of the FACT that the loan you issued to me, is NOT legal or binding in my state per Pennsylvania Senate Bill 1071 sec 5113, 5114, and 5116.[/COLOR][/SIZE][/FONT]
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The state of Pennsylvania requires Internet payday lenders to be licensed in MY state. I have already researched this information, your company does NOT have a license to lend in the state of Pennsylvania, if I am mistaken I will need proof in the form of a license number so that I may verify it with my Attorney General. I am bound by the state laws where I reside. As I have no presence in your state of Missouri, therefore I have no legal obligation to the 'governing laws' you may have detailed. I have enclosed your state laws and took the liberty of highlighting the violations per your state:
Citation:[SIZE=2]
Mo. Rev. Stat. 408.500 et seq.; 4 Mo. Code Regs. 140-11.010, 140-11.020[/SIZE]
Loan Terms:[SIZE=2]
[COLOR=black]Maximum Loan Amount: $500
Loan Term: 14-31 days
Maximum Finance Rate and Fees: Not Specified (No borrower shall be required to pay a total amount of accumulated interest and fees in excess of 75% of the initial loan amount on any single authorized loan for the entire loan term and all authorized renewals. Otherwise, interest is set pursuant to small loan law which provides that parties may set rate by contract.)[/COLOR]
Finance Charge for 14-day $100 loan: $75
APR for 14-day $100 loan: 1980%[/SIZE]
Debt Limits:[SIZE=2]
[COLOR=black]Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Six (borrower must reduce principal amount of loan by 5% or more upon each renewal)[/COLOR]
Cooling-off Period:
Repayment Plan:[/SIZE]
Collection Limits:
Collection Fees: NSF fee; Collection costs (including court costs and reasonable attorney's fees) Licensee cannot use a series of ACH transactions to collect a single check.
Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker)
[COLOR=black]Be advised that as of today March 13,2011 I am revoking ANY and ALL ACH authorizations with your company from debiting any AND all of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I also revoke ANY and ALL wage assignments I may have signed, by you, including but not limited to; any of your affiliates, dba's, and collection agencies assigned to this account. None of the above no longer have my permission to access my accounts or impose a wage assignment.
I will only communicate to resolve this matter via email . If you ignore this notice and attempt to contact me or any of my references via telephone, you will be ignored and a civil suit will be pursued. If you do NOT reply to this notice within 48 hours I will be forced to file complaints with the Pennsylvania Attorney General, Missouri Division of Finance, the BBB and the Federal Trade Commission. If you reply to this notice with any misleading legal implications or menacing course of actions you are unable to follow through with, I will be forced to take actions against you which could cause you to lose your license in the state of Missouri and cause damage to your reputation, which could potentially decrease your clientele!
I repeat that you, [FONT=Arial][SIZE=3][COLOR=black]Global Group Holdings, Midland Financial, L.L.C., Midland Marketing, 3-Midland Market Payday Loan Company, Midland Market Company,[/COLOR][/SIZE][/FONT][FONT=Arial][SIZE=3][COLOR=black][FONT=Arial] have [FONT=Arial]48 hours[/FONT] to respond with a [FONT=Arial]notice of Paid In Full letter via email and a anticipated refund amount or the previous will be followed to the fullest extent.[/FONT][/FONT][/COLOR][/SIZE][/FONT]
Sincerely,[/COLOR]
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[FONT=Arial][SIZE=2][FONT=Arial]Cc: [URL="mhtml:{E63F2B3F-10B9-4DE4-BB36-037D6B8B9444}mid://00000193/!x-usc:mailto:complaint@dof.mo.gov"]mailto:complaint@dof.mo.gov[/URL],[/FONT][/SIZE][/FONT]
[FONT=Arial][SIZE=2][FONT=Arial][COLOR=black][/COLOR][URL="mhtml:{E63F2B3F-10B9-4DE4-BB36-037D6B8B9444}mid://00000193/!x-usc:mailto:info@kansascity.bbb.org"]mailto:info@kansascity.bbb.org[/URL][/FONT][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=black] Pennsylvania Dept of Banking (hard copy)[/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=black] Pennsylvania Attorney General Office (hard copy)[/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=black] Federal Trade Commission (hard copy)[/COLOR][/SIZE][/FONT]
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[FONT=Arial][SIZE=2][COLOR=black]Final offer from Global Group Holdings:[/COLOR][/SIZE][/FONT]
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Dear XXXXXXXXXXXXX,
You are a valued customer of Global Group. After reviewing your account, we have decided that your account is now paid in full. As long as there are no returns on past transactions, your account will remain in good standing and there will be no further finance charges deducted from your bank account as well as no further collection efforts made. You are agreeing that no complaints, by you or on your behalf are currently filed against Global Group and that no further actions will be taken. Once you have agreed to these terms, please sign and return this document via fax to the toll free number listed below. Once we have received a copy of this document, complete with your printed name, your signature and the date of signature, the above mentioned actions will take place. Upon receipt of this signed document Global Group will refund you $500.00 as a courtesy to you, a valued customer. This amount will be sent as an ACH transfer to the checking account number that is currently on file.
Thank you for being a valued customer.
Global Group
800-783-4936 – Phone
888-241-5893 – Fax
Customer Name (printed) __________________________
Customer Name (signature) _________________________ Date ___________________
*reminder ask for a paid in full letter not a "forgiveness" letter. Forgiveness they send to collection and nag you. Paid in full says you did just that..[/FONT][/COLOR][/SIZE][/FONT]
Wow! Good for you. It pays to play "hardball". You turned the
Wow! Good for you. It pays to play "hardball". You turned the tables on them..... Congrats!
I owe it all to this site!!! My money will be deposited Fri. T
I owe it all to this site!!! My money will be deposited Fri. Thanks for all the help guys. :)