ARM of FL trying to collect for paycheck today
Date: Wed, 01/19/2011 - 06:22
I'm being contacted via phone by ARM of FL saying that they were retained by paycheck today. Haven't spoken to anyone yet, just voicemails.
As a refresher, I'm in TN and have argued several rounds of emails with paycheck today that they are illegal because they are unlicensed in any us state and therefore I am not paying any further finance fees (borrowed $400, paid $360 to date). I have told them that I will pay $40 if they provide an address. They are one of the pdls that kept saying they had Canadian tribal immunity to any federal or state laws. I filed a complaint against them with the Tulsa BBB, OK AG, and FTC.
Does anyone know if ARM of FL is licensed to operate in TN as a collection agency and how should I handle this since they are trying to collect on an illegal debt in the first place.
Thanks for your help.
As a refresher, I'm in TN and have argued several rounds of emails with paycheck today that they are illegal because they are unlicensed in any us state and therefore I am not paying any further finance fees (borrowed $400, paid $360 to date). I have told them that I will pay $40 if they provide an address. They are one of the pdls that kept saying they had Canadian tribal immunity to any federal or state laws. I filed a complaint against them with the Tulsa BBB, OK AG, and FTC.
Does anyone know if ARM of FL is licensed to operate in TN as a collection agency and how should I handle this since they are trying to collect on an illegal debt in the first place.
Thanks for your help.
Payday lending is legal in the state of Tennessee. However, ARM
Payday lending is legal in the state of Tennessee. However, ARM of FL is not listed in the website of Department of Financial Institutions, Tennessee, as a licensed payday lender. In such a situation, it is an illegal payday loan company. As it is an illegal company, you'll have to pay off the principal balance only to the lender. You won't be liable for paying off the late fees or any other charges. You should contact the local debt relief companies and also apply for a payday loan consolidation with them in order to get rid of the dues faster.
