Payday Loan
Date: Wed, 04/13/2011 - 11:23
[COLOR=#000000][FONT=Verdana]BALANCE................. : $600.00
Dear,
Barrett Smith & Associates has been retained by the above client to make this formal demand upon you for payment of sums due including additional fees. This account is seriously past due and demand is made for payment due for this past due amount no later than 30 days from the date on this validation letter. If you fail to make payment in full within time allowed ,or contact our office we will strongly recommend our client take additional steps to collect this amount,including but not limited to the institution of suit allowed by Law. Should suit be filed, our client will make additional claims for prejudgment and post-judgment interest at the highest rate allowed by Law. A claim for Attorney fees and cost in processing this matter may also be made.We trust you would prefer avoiding the expense of possible litigation and will immediately take steps to pay balance.
Unless you notify this office within 30 days after receiving this notice that you dispute the validity of
this debt or any portion thereof,this office will assume this debt to be valid. We trust you would perfer avoiding
the expense of possible litigation and will immediatley take steps to pay balance.
If you have questions in regards to this matter, please contact our office at 1-877-339-1531 Monday through Friday 830am -9pm EST. Please refer to the account above.
This is an attempt to collect a debt and any information obtained will be used for that purpose.
Sincerely,
David____
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If you're not sure whether or not they own your debt account, th
If you're not sure whether or not they own your debt account, then you can dispute the validity of the debt. Also, you can contact the number that they have mentioned in the letter and try to settle the debts or consolidate it so that it becomes easier for you to pay them off. You should inform them about the financial hardship that you're facing and there are chances that they may consider your situation and can help you with an affordable repayment plan.
Ok, first things first. Is this a storefront PDL where you gave
Ok, first things first. Is this a storefront PDL where you gave them a check? If so they have about a .1% chance of convincing anyone you intentionally defrauded them and can seek criminal charges. If there was no check, then they violated the FDCPA and Texas collection laws by even mentioning jail. If this is the case, write them back cerified mail disputing the debt, and to cease and desist all phone calls and tell them you will deal with them only through the mail. Also, file a complaint with the texas Attorney General's office, the FTC, and the BBB for good measure. Then see how that goes and play it by ear. Most will work out a payment schedule, especially when you show them you know your rights and won't take any crap from them.
I would send a certified letter to the company requesting a debt
I would send a certified letter to the company requesting a debt validation, return receipt. I would not call them, because they can say you never called. It is against the law to threaten you with jail. I would file a complaint with the FTC.
This is a completly unprofessional outfit. They claim to be atto
This is a completly unprofessional outfit. They claim to be attorneys, and called our home with a similar message and threatened to come to our house. They did not even have the right person. Called the police department and had an officer come and reply. He was given a lie about a divorce paper that was being served in a state 1200 miles away.
How can we take them to the bar association for unethical conduct?
I have no idea who the lawfirm is and really don't care, but the
I have no idea who the lawfirm is and really don't care, but the letter seems legit. Unless I missed somethin, they did not mention jail or criminal charges, but instead mentioned a suit, interest and fullest extent of the law. I would definately contact them and do whatever it take to avoid this going to court. You want to avoid the court costs, atty fee and interest as these can get costly.
The decision is yours, but the letter seems pretty straight forward with the quick glance.
