I really need some advise, please!
Date: Sat, 09/25/2010 - 18:04
Now, I am getting crazy, nutty phone calls from "First IRS". And now I have received a letter from First Integral Recovery, LLC. I guess this is a collection agency in reference to (original creditor) LoanPoint USA. They want $1441.58 immediately.
My loan with LoanPoint USA was for $300.00 (The loan was taken in 2008). I paid Loan Point (these are auto withdrawal from my old bank account)
Jan 2009 $350.00
Dec 2008 300.00
Nov 2008 300.00
Oct 2008 300.00
That totals $1250.00! for a $300.00 loan!
I spoke with the Mississippi Department of Banking and Consumer Finance and the man I spoke with said not to pay these companies another dime. That was in early 2009.
How do I respond to this collection letter from First Integral Recovery, LLC? They do say I have 30 days to dispute the validity of the debt. But I just got the letter today and it is dated Sept. 9. I have moved and the letter was forwarded to me. (Gosh, I hate to give them my new address.) But I definately dispute the debt. The sample debt valadation letter I pulled up didn't quite seem to address the fact that the original lender has not license in my state. Please give me some advise on how to respond to these people.
Has anyone ever dealt with them before?
Thank you!!!
Send them cease and desist letters....just tell them to bug off.
Send them cease and desist letters....just tell them to bug off.
Cease and desist or Validation of debt?
Quote:
Originally Posted by SOAPLADY Send them cease and desist letters....just tell them to bug off. |
You think I should send the cease and desist or should I send the validation letter? In the letter i got from the collection agency it says I have 30 days to dispute the validity of the debt. It says if I don't dispute the debt within 30 days the debt "will be assumed to be valid". So I was thinking a validation letter--and I was wondering if--in the validation letter I could request they provide me with the original creditor's Mississippi license number.
Thanks Soaplady for your help!
I wouldnt bother with validation....illegal is illegal. You can
I wouldnt bother with validation....illegal is illegal. You can point out to them in your cease and desist that it is an illegal loan...and to go fly a kite. Quote your state laws.
Since they are 3rd party collectors, the next time they call tel
Since they are 3rd party collectors, the next time they call tell them they are required by the federal law (FDCPA) to send you a dunning letter (letter of collection) in the mail within 5 days of their first initial contact with you, if they fail to do so then stop calling or you will file a complaint with the FTC, BBB and your attorney general's office for not complying with the law. Keep a journal of date and time they call, and the name of the person calling, phone number, etc., so you will have as much information as possible when you file these complaints.
Most importantly, NEVER admit to owing a debt to a voice on the phone.
By the way, Internet payday lenders are illegal in the state of
By the way, Internet payday lenders are illegal in the state of Mississippi, so tell them to sue away, you could take them down in one swipe with a copy of your payday loan laws, in a court of law.