Need help - OLD payday loan

Someone will be along to give you more help; but in the meantime, if you did take out a loan in 2005 or 2006, what State were you living in when you took out the loan and was the loan paid back in full? If this is a scam, it wouldn't necessarily have to be from your ex; if you read some of the posts on this site you can see there's all kinds of scammers out there, they get info on old payday loans and call people, telling them they owe big sums of money. This company might have said they'll send you a letter but I'd be very surprised if you actually got anything.

It was supposedly taken out in 2005 or 2006 - in Texas.

"Not even sure this loan was MINE... as the company refused to give me any paperwork - said they were a paperless company. They were HORRIBLE and calling me at work screaming, cussing me out, ect.. anyway."


Please do yourself a favor and read up on the FDCPA.

A legitimate collector isn't going to call you and verbally harass you over the phone. Some may walk a fine line of appropriateness, but most are professional enough. A collector, after verifying your identity, will notify you of who they are and why they are calling. You will be advised the intention of the call is to collect on a debt, and any information obtained in that call will be used for that purpose. The call may even be recorded.

Within five days of the initial point of contact you will be sent a notice via USPS mail that the agency which called you is the authorized collector of the debt in question. You have 30 days from that point to dispute the validity of said debt, and can request from the collector a verfication of debt. This would include any documentation that they have on file that would lead them to conclude the account in question was yours. You as a consumer also have the right to notify the collection agency they are not allowed to contact you at work or home and that future contact should be made by USPS mail.

The collector isn't allowed to call you excessively, verbally abuse you or threaten legal action (when none will be taken). It's all there in the FDCPA. Just Google it and one of the first results should be the PDF file from the FTC. Know your rights and don't let a collector get the sense that they've intimidated you. They work you over until you agree to pay what THEY want you to pay.

Never admit to owing a debt to a voice on the phone, that is the bottom line here. Whoever is calling you SHOULD send you a letter of collection via the mail. File a complaint against them if they continue to call after you inform them of never receiving a letter of collection. Their attempt to BS you with paperless crap is exactly that, BS. You can easily file a complaint with the FTC about this company, the link is in my signature.

Well, i know this... but the number never came through as it was over-seas... but now apparently they sold to Asset Recovery...

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nonono.. the first one came through acting that way... not the new people....

Still, if there is no contract, there is no proof you owe this loan. Send them a debt validation letter. When they can't validate, demand the credit bureau removes it.