Fastbucks loan company

Raffi, your payday loan company might have hired some lawyer to collect the outstanding debt from you. If you are not able to pay towards your account, they might send this account to your OC who in turn will decide if they intend to take any legal actions against you.

You need to make sure if JEff Tate is the actual company authorized to collect money on behalf of your lenders. Ask them to validate the debt before you make any payment agreement. If they are having the proper details of your accounts, you can think of settling a deal with them.

Send a debt validation in writing through certified mail with return receipt requested. No legal actions can be taken against you till the debt has been legally validated by them.

This is a typical threat from payday lenders. If you have documented proof that you only owe $150.00, that is what you send. United Cash Loans used a similar threat on me and they can't take it to civil court because a payday loan is considered bad debt.

Orginally the loan owed was 150.00 he put a bunch of finance charges on it I have tried to settle several times with what I owe. HIs title is Corporate Collections Manager. I do not have 401.00 this week to pay him. What does have the debt legally validated me. He told me they would take every-bit of money out of my account. Should I send any or do the letter.

Close you account and open a new one and don't let them know your account number or you can put a stop on the payments to them. The bank will charge a small fee, but it is worth it to keep them from hitting your account and causing a large amount of overdraft charges. I agree with David, definately send them a debt validation letter CMRRR asap.

Can anybody help me what do you say in this.

Below is a letter that you can send to JEff Tate and request for the complete validation of your account. You can tailor this letter according to your needs and send it to them through certified mail with return receipt requested.

[quote]YOUR NAME
YOUR ADDRESS
CITY, STATE, ZIP CODE

Re: Acct #

Collections Manager:

This letter is regarding the account referenced above, which you claim I owe. This is a notice that your claim is disputed. I am requesting validation, made pursuant to the Fair Debt Collection Practices Act Section 809 [15 USC 1692g]. Please note that I am requesting "validation"; that is competent evidence bearing my signature, showing that I have some contractual obligation to pay you.

Please also be aware that any negative mark found on my credit reports from your company or any company that you represent for a debt that I don't owe is a violation of the Fair Credit Reporting Act; therefore if you cannot validate the debt, you must request that all credit reporting agencies delete the entry.

Pending the outcome of my investigation of any evidence that you submit, you are instructed to take no action that could be detrimental to any of my credit reports.
If you do not own this debt, you must remove the derogatory marks from my credit report per the Fair Credit Reporting Act.

This letter is also a formal request, citing Section 805 [15 USC 1692c] of the Fair Debt Collection Practices Act, to cease any further communication with me unless it is:
[list=1]

I have one payday lender who still keeps trying to hit my old checking account. They know it has been closed for awhile now but that doesn't seem to matter. They accepted the proposal amount through T & C on January 9 and first payment has been sent to them. I refuse to pay these extra charges because it seems bogus to me. I sent them a certified letter today asking that these be taken off or I will report them all over the place. I listed the agencies in the letter. I also faxed a copy of my letter to T & C to see what they can do as well. Argh, I get so sick of this but I won't give up or give in to them.

Remember, payday loan company cannot charge anything other than the interests on the principal amount. In some cases, they can charge a $25 if the funds do not get cleared electronically or perhaps due to check not cleared. Other than this, any other charges by the payday loan company is baseless and should be disputed.

Can anybody help me what do you say in this.

Raffi, debt validation is the strongest weapon that ascertains the collection agency entitled to receive payments from you. Your creditors might have hired a CA or sold your accounts to them when they were unable to collect money from you. Since you will be paying your money now after being contacted by a CA, you have to make sure that the company calling you is authorized to collect the payment from you.

Read the page give below and get the following details from a collection agency after they have contacted you for an account.

http://www.debtconsolidationcare.com/validation.html

All collection attempts will stop after the following details have been given to you by the CA. You will be given 30 days time to review the details and if you do not dispute within this period, the debt will be considered valid. So, make sure that you have reviewed the details thoroughly during the mentioned period.

Also, the collection agency cannot take any actions against you after you have requested them from debt validation and until it is given to you. They also cannot take any actions if you have disputed on any of the item and until it gets verified with your original creditor.

That's what I thought John and Ohio is clear in the fees and nsf charges that are allowed to charge. I included this with my dispute letter to them this week. I sent it certified mail yesterday so I hope to hear something in the next few weeks. They've added over $300 in additional fees after accepting a payment plan through T & C. That is outrageous.