What to do about E-Payday Harassment
Date: Tue, 05/09/2006 - 14:46
Quote:
..( From : Jerry Jaramillo Sent : Tuesday, May 9, 2006 10:26 AM To : Subject : Global Payday Global Payday is a registered Utah payday lender, which authorizes them to make payday loans to Utah residents. Under Utah law a payday lender can not collect interest on a loan beyond twelve weeks. After the twelve weeks, and provided all payments were made on a timely basis, all subsequent payments must be applied directly to principle and none to interest. Global Payday is collecting on a loan that they issued. Since they are not collecting on a debt as a third party, Global does not have to abide by the Fair Debt Collection Practices Act. While the collection people for Global Payday may be rude and unprofessional, I am not aware of a Utah law that requires them to be civil. Remember they are simply using collection tactics to collect on their loan. I would contact the West Virginia State Banking Department to determine whether Global Payday is authorized to offer payday loans in West Virginia. If Global is not authorized in West Virginia then that raises the question whether it is a legal loan and whether its terms are enforceable. Additionally, the West Virginia State Banking Department may be able to issue a cease and desist order to bar Global Payday from offering payday loans to residents of West Virginia. Sincerely Jerry Jaramillo Supervisor of Savings & Loans and Trusts Utah Department of Financial Institutions (801) 538-8842 |
Hi travelrchic The fact is that the cease and desist communic
Hi travelrchic
The fact is that the cease and desist communication is only applicable to the third party collections. This does not legally apply on the original lending companies. But calling you repeatedly in spite of making the payments also doesn't sound fair. You will have to call them and explain your moves. They are getting their money back so they should not have any reason to harass you with their calls. You will have to explain and arrange everything verbally.
Usually it takes a couple of months for the companies to stop calling you. How long have you been making the payments through T&C?
If your state requires net based lenders to be licensed adn epay
If your state requires net based lenders to be licensed adn epayday is not then you can argue that the loan is illegal in your state and tell them to get lost is they don't lighten up.. in other words put it to them this way.. I am paying you back.. keep harrassing me and I will stop paying and pursue action against your illegal loan.. let them make the choice.. play nice or fight
E-Payday
I have a payday loan out from a company that shows E-PAYDAY on my bank statement but I have called E-Payday company and neither mine or my husbands names are in their system...how do I find out who E - Payday is? I want to pay this off they have been taking $90.00 out for the last 8 months...someone please help !
Call your bank...when the amount is debited from your account th
Call your bank...when the amount is debited from your account there is usually a telephone number or company name attached to it...the bank can give you that info.
