ARM of FL
Date: Tue, 07/01/2008 - 09:51
I have a question...I was receiving calls from Accounts Receivable Management of FL. I sent them a validation letter and they sent back a bill for $456 with a copy of my contract from NLS Cash Advance.net. I live in CT and know that payday loans are illegal, can they do anything to collect on this debt. I have sent an email to the CT attorney general's office and am waiting from a response from them. I am going to pay back what I legally owe, but on my terms not theirs.
I borrowed $350 and nothing was paid back at the time I had defa
I borrowed $350 and nothing was paid back at the time I had defaulted.
I just defaulted on this loan on 4/18. I had a prior loan with
I just defaulted on this loan on 4/18. I had a prior loan with them where I had borrowed $300 and paid back $975.
Sorry, I also forgot to mention that ARM of FL is not licensed t
Sorry, I also forgot to mention that ARM of FL is not licensed to collect in CT.
I am aware that I owe the $350...technically ARM did "validate"
I am aware that I owe the $350...technically ARM did "validate" the debt, if you can call it that. They sent me a bill with a copy of my loan agreement. My question was can a collection agency who is not licensed to collect in my state do anything to collect on an illegal payday loan? I am going to pay the $350 back, however it will be when I can afford it.
reply
oh yeah,that is what i meant.they can't try to railroad,strongarm or threaten you.you pay that when you can.
not when they tell you to.also they can't try to tack on fees
or nsf's as CA's are famous for.
Thank you very much, thats what I was hoping to hear
Thank you very much, thats what I was hoping to hear
I would be very careful before declaring that ARM is not license
I would be very careful before declaring that ARM is not licensed to collect in your state of CT. ARM is an entity of LVNV and has many subsidiaries.
I checked with the state of CT & also checked the list of licens
I checked with the state of CT & also checked the list of licensed collectors on the CT website, there is an ARM for CO, KY & NJ, but ARM of FL is not licensed to collect in CT. LVNV is also not licensed to collect in CT either. I looked into this when I started getting the phone calls...