Payday Loan - Michigan

Cash master did. They were a store front lender and when they didn't get anywhere with the collection agency they sent a letter stating that i had 10 days to either pay or they were reporting it to the IRS. I chewed them up and spit them out for the threat of the IRS. They accepted 4 payments to pay off the debt.

I almost can't stop laughing here at work! That was toooooo Funnnyyyyyy! OMG! There are some creative methods payday loans use.

I wonder what the IRS has to do with payday loans. If the IRS was to get involved it would be the lenders the IRS would have a field day with. I have received a total of 4 of those letters.

I'd be suprised if they could do that. If they didn't ever attempt to cash the checks then how would they know they aren't good or the account was closed.

Polly, it seems very very unusual for a lender to transfer the account over to collection without cashing the checks. Did it happen indeed? Which is the company?

Yes it did.

Instant Cash Advance

That sounds like an online loan I have. What collection agency did they turn it over to - something local or national?? We have a couple that went to collection but they work with T&C easily and I don't think they're on our credit report.

No it is a store front lender. I don't remember the name of the agency.

If you find it, PM it to me if you would rather, I may know something about them.