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I was left a card by this legal servicing agency. I called her up and she told me that I am being sued for this bad debt by CitiFinancial. The weird thing is that this debt is old like back in 1997 or 1998. Well, it is not even listed on my credit report but there is an LVNV Funding (Factoring Company) and the balance is not even the same it was a while back..it appears less like 1208.00. Also, it shows it was reopened in 2006! I don't recognize this. Can I be sued??

can a creditor and the collection agency they sold it to BOTH claim the same account? I thought that the one owed the debt could only do that... i'm in VA if that makes a difference.

I am new to this forum and I think you all will help me to enhance my knowledge. I have been here many times and have always found this to be a great place for information and advice about a wide range of topics Paul

On December 7, 2004 I took out a payday loan from Ace Cash Express in Pennsylvania for about $360. I gave them a check postdated for my next pay period but couldnt pay it when my paydate came. I moved to Georgia, where i currently reside, and once i was able to i started paying one collection agency back for this on a monthly basis. I made a payment last month now a different collection agency by the name of Delanore Kimper and Associates is calling me threatening me with jail time if i dont pay it in full.

I been having a terrible time getting some aswers I been talking to the Dept of Ed obudsman. Basically today she told me I would never pay off my loan. I am defaulted. I owe 19k principle, 19k interest and 9k for penalties. I have to pay 328monthly. She told me the whole amount goes to the interest and penalty. So nothing goes to principle. If nothing goes to principle how do I pay off my loan? She couldn't answer me. She mentioned rehab but still couldn't tell me when I would pay against my principle. She told me $260 a month accrues in interest.

So I just got a phone call at work from a Ms Shaw (no company) telling me that she recieved a complaint and is going to go ahead with voluntary proceedings against me and said my city where I reside. So I asked what it was regarding and she said well you will be shocked because I was...Did you know that the $60 every 2 weeks you were making on your loan point usa loan (geneva Roth) was not paying down the principal? I then said yea well the $900 I paid should have she then said well you did agree to a contract and they are demanding you to pay $1300 by tomorrow or ELSE!!

Please check the Utah Better Business Bureau-search name: Payday Loan Yes. There has been some information updated regarding their licensing that is interesting. Please please please do not do business with this company. I don't care how desperate you are, nothing is worth this.

My mother-in-law recently entered a nursing home as a medicade patient and she has debt that she has been trying to pay back with calvery and now she can't really even pay that small amount. We don't know how to get with these people it was quite a few years ago and my husband doesn't remember how to get in touch with these people. Any sugestions?

Hey team, Be careful I've been getting calls from this place named US National Bank, I could barely understand his english, he called from 856-831-0641 and 949-682-1305, and NOW his calling from 410-505-8120... Threating me to pay before I'm arrested, whats going on?????????

Husted wants payday lending bill passed within 2 weeks Wednesday, April 9, 2008 3:52 PM By Jim Siegel THE COLUMBUS DISPATCH House Speaker Jon Husted said today he wants a payday lending bill passed within the next two weeks, and he senses growing support in his caucus for an interest rate cap. A trio of bills proposing varying degrees of regulation of the short-term, high-interest loan industry have been pending in committee for months.