Payday loan

These are just empty threats that this company uses all the time. I wouldn't answer their calls. In the meantime find out if your payday loan company is illegal in your state. If so, you are only liable to pay the amount you borrowed. Then try to make arrangements to pay back that amount. If you've overpaid them and they are illegal, then you owe them nothing, and I would send the collection company a letter to that effect and tell them to cease and desist from all further contact. They most likely will turn it over to another collection agency - then you follow the same procedure.

Good luck.

im sure that they are legal. I have paid them the interest on, where u can "roll it over" but I still owe the whole amount. Can I still contact the company even when its been turned over to collection? How do I send this letter?

uh,no national credit adjusters is not legal,and neither is the pdl they are collecting for as they only collect for internet illegals.aubry is right they can do nothing they threaten.no theft was commited,and only your secretary of state can do anything with your license.btw since this was most likely an illegal pdl you only owe the principle,and unless you borrowed 380.00 you don't owe that amount.

Listen to Paul. File the necessary papers against the lender and collection agency. First and foremost close your bank account.

Thanks for all the advice. How do these people get away with this? I really wonder how these people sleep at night! They have tried to put it thru my account 3 times. am i still ok?

you should be.just see your branch manager to make sure though.you should be able to get those reversed with no NSF'S if it comes to that,but as far as NCA ,or the pdl no worries there.

ok. i will do that. He did tell me that if this was not paid by the 31st that they are forwarding all my info to there "in house" attorney and then onto the county that I live in... Can they even do that? Or am I just really worried about nothing?

They are just trying to scare you, just tell them they are trying to collect on an illegal loan, what are they going to do, take you to court? I rather doubt it, that loan contract isn't enforceable in a court of law.

Companies like this are shameless; they use all kinds of pseudo-legal terminology to scare people. As an example - what in the world does "red flagging" your drivers' license and social security # mean? It sounds pretty dire but I bet if you'd ask them to explain it, they wouldn't be able to.

the number that they called me from was 716-558-7549. has anyone else ever been called by this number? And how do I send this cease paper?