Payday loan
Date: Wed, 11/24/2010 - 07:28
Ask her send you a debt validation letter. You can find a lette
Ask her send you a debt validation letter. You can find a letter template on this forum. Also, in your letter to her, tell her that you want all communications in writing and to cease and desist the phone calls.
They are a scam. You can check out the reports on this number in
They are a scam. You can check out the reports on this number in the 800notes.com site. Don't pay them a dime.
SGQ Ltd aka BMG Group Not a very reputable payday loan company
SGQ Ltd aka BMG Group
Not a very reputable payday loan company (big surprise lol).
There are laws that this collection firm must comply with (FDCPA), first of all, since they have contacted you via the telephone they MUST send you a letter of collection via the mail within 5 days, that is a federal law, however, they are hoping you don't know that, so the demands they are making over the phone are erroneous.
First rule; NEVER admit to owing a debt to a voice on the phone, simply tell them to send a written collection notice in the mail with the mini miranda warning included, explain that you will not discuss finances over the phone, then hang up. Keep a written record of all communication between you and this collection firm, ask the name of the person calling, the number they are calling from, the address and full name of the firm, ask them to spell it out and write all the information down they give you, as well as the date of the call, content of the conversation, etc. Do this each and every time they call, they will probably hang up or become angry when you begin interrogating them. lol Anyway, the purpose of this is to have as much information as possible because you SHOULD file complaints against them with the FTC, BBB and you Attorney General's office. Protect yourself, know your rights!
do these online pay illegal daylenders abide by the cease and d
do these online pay illegal daylenders abide by the cease and desist letter and the wage revoke assignment letters?
They are under no legal and moral obligation to abide by the cea
They are under no legal and moral obligation to abide by the cease and desist letter and the wage revoke assignment letters. This is why, we always advise to file complaints against these illegal lenders with the authorities like the BBB, the FTC, your states' AG and the financial regulator of your state.
Quote:do these online pay illegal daylenders abide by the cease
Quote:
do these online pay illegal daylenders abide by the cease and desist letter and the wage revoke assignment letters? |
Cease and desist, nah, as far as a wage assignment, it's up to your employer to deny it and why it's important that you inform your employer by providing them a copy of the wage assignment revocation. Read the thread on how to deal with unlicensed lenders, you will have a better understanding of how these illegal lenders work.