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Update--More From Powell Law Office

Date: Mon, 06/27/2011 - 04:19

Submitted by anonymous
on Mon, 06/27/2011 - 04:19

Posts: 202330 Credits: [Donate]

Total Replies: 7


I sent my debt validation letter last Thursday ( I live in Kentucky, had a illegal payday loan with paydayone that powell called and basically threatned me with).

Saturday I get a letter in the mail from them saying if I do not pay this immediatley the debt will be sold to a law firm in my city to take me to criminal court or civil court.

I know Paul has already said several times that this bottomfeeder will say anything to try to get paid, but is this something that they can do?

Thanks in Advance.


well i see a couple of violations in their BS scare tactic letter.

1)threatening you in responce to a proper DV letter.which is.
2)continued collection activity.
3)hinting at criminal charges when KY prohibits criminal action for pdl's

i think you need to got to www.naca.net and fnd a contingency lawyer in your area and sue this piece of garbage.yes let me give you the specific instances were you can collect from them.


the demand for immediate payment.especially after receiving a DV letter.unless they provide the validation,that was most illegal.now the most glaring bit of stupidity on their part.the part where they stated they would "sell the debt"if they could validate they woukldn't sell it.they would have someone in your area that can sue,and the mentioning of criminal action.that told me that not only can they not validate.they still are threatening.they are beggibg to be sued.so at least look into it.


lrhall41

Submitted by paulmergel on Mon, 06/27/2011 - 05:27

( Posts: 15514 | Credits: )


Payday lending is legal in Kentucky. If the payday lender is not licensed to operate in your state, then you will be liable to pay only the principal amount without any interests and fees. Illegal payday lenders don???t have any right to take any legal action against you. So, you need not to worry regarding this matter. To know more glance through the following link:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html


lrhall41

Submitted by sally.nachelle on Mon, 06/27/2011 - 05:31

( Posts: 275 | Credits: )


Hang on a sec.

PayDayOne isn't a "payday" lender. It's a Credit Services Organization. I'm curious as to how you got a loan from them to begin with. They are usually pretty good about sticking to their list of states where they're licensed.

They are not licensed in KY. You are absolutely correct there, but again, I'm curious as to how you obtained a loan with them if you used KY as your address.

The CA is definitely breaking FDCPA. Several violations.


lrhall41

Submitted by OhioGal1 on Mon, 06/27/2011 - 08:13

( Posts: 5253 | Credits: )


[QUOTE]
IMPORTANT DISCLOSURES: PayDay One and its affiliates offer payday advances, installment loans and credit services only to residents in those states where permitted by law.
[/QUOTE]

PDO's storefront locations offer payday loans. Online they act as either a CSO or an installment loan lender.

They have no locations in KY as pdls are illegal in KY.

Regardless, they aren't licensed to lend in KY. No, they can't. Send the "attorney" a DV letter. If they're violating FDCPA, let them know about it and let them know that YOU know about it. If they persist in violating FDCPA and/or collection efforts after you've send the DV, sue them.


lrhall41

Submitted by OhioGal1 on Mon, 06/27/2011 - 13:11

( Posts: 5253 | Credits: )