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Date: Tue, 03/29/2011 - 08:31

Submitted by anonymous
on Tue, 03/29/2011 - 08:31

Posts: 202330 Credits: [Donate]

Total Replies: 3


Apparently I have defaulted on a payday loan thru Everesttloans who have turned me over to TRS in missouri
They said I must pay thru a money gram of 328.00 or be taken to court for interest charges of 300, making it now 600+ I no longer have a checking account. They will not honor payments. Can they do this?/


well you don't give them a dime without at least a collection letter.danette is absolutely right.in fact the threats are against the law and should be reported.btw everest is not a legal lender and trs is not a legal collector.let me give a few facts here.

1)to sue you they must do it in your town,county,village,or bourough.
2)being as the loan was illegal you only owe the principle,and nothing more.anything debited in so-called fees gets deducted.so you may not owe much if anything.
3)most states require a CA to have license in that state to collect so unless you reside in MO then they are blowing smoke.

bottomline trs needs to be reported,not paid.file an AG complaint with your state AG.then when the idiots call tell them you want something in writing,and that you are filing the complaints.then hang up and don't speak to them again.to answer no they can't sue on an illegal debt.the "doubling"of the amount is a scare tactic.


lrhall41

Submitted by paulmergel on Wed, 03/30/2011 - 06:47

( Posts: 15514 | Credits: )