Threats from collections agency
Date: Mon, 07/23/2012 - 14:10
I offered to settle the loan for 120 dollars (I took out 100) and they told me that I am manipulating the process by taking out payday loans and then only paying back the principle (I have taken care of 4 other loans so far) and said they will only accept 740 dollars or they will take it to court. I live in NY so can they even do that?
Payday loans are ILLEGAL in NY state. You owe principal only.
Payday loans are ILLEGAL in NY state. You owe principal only. Nothing more...no interest or fees. They dont like it?? Dont pay them a dime.
I'm surprised they are not accepting your offer... if they try t
I'm surprised they are not accepting your offer... if they try to sue you it'll get thrown out of court, but if you don't want to deal with the legal crap I'd offer to settle it for maybe 130 (I'd imagine 100 dollar loan with a 30 dollar fee) and that's it. I know some will attack me for saying that, but that's just what I'd do. As Soaplady said, you technically owe zero, but again that's just my personal view.
