National Credit Adjusters

since the stuff they sent is inaccurate they didn't validate.resend the original DV and wait.do not call them until they can validate.the wrong deposit amount gives you the opportunity to resend the DV letter.btw NCA is a LDB(loan debt buyer)who again is a bottomfeeder that won't sue.

Who was the payday loan lender????

Rollovers are illegal in TN...still need to know who the lender was.

AND REGISTER WITH THE FORUMS!!!!!!!!!!!!!!

PayDayOne was the original lender. I am in the state of Tennessee. I don't think it was a rollover, but I do know that it was not a 900 dollar loan and that is what these papers say.

Pay Day One out of Delaware

They are more than likely not licensed. Did you pay it off and then renew it or just let it rollover??? Call the number list at the bottom of TN state law information below.

Loan Specifications

Maximun Amount of Loan - $500
Term of Loan - Maximum 31 days
Maximum Rate of Finance and Fees- $30 or 15% of the check (whichever is lesser)
Finance Charge on $100 loan for a 14 day period - $17.65
APR for $100 loan for a 14 day period - 459%


Debt Limits

Maximum Number of outstanding loans permitted at a time - Three (Two per licensee)
Permissible number of Rollovers - None (cannot be renewed or consolidated otherwise)


Limits of Collection

Collection Fees - 1 NSF fee of $30; Costs of Court
Criminal Action - Prohibited


File your Complaint and get Information

Regulator - Tennessee Department of Financial Institutions
Address - 511 Union Street, Suite 400 Nashville TN 37219
Phone - (615) 741-2236
Fax - (615) 532-1018
Regulatory Contact - Bart Daughdrill

This was an internet loan... Does that make a difference?

A payday loan has to be licensed in YOUR state regardless of where they are located.

PAYDAYONE is a CSO so the pdllaws don't apply,and it is considered legal.

So, any suggestions on my next step?

just because PAYDAYONE is a CSO doesn't nean NCA isn't a bottomfeeder.send a DV letter cmrrr.either they validate,or go away.

I have already sent that and got back a very generic "contract" with a Truth in Lending Disclosure... And if I remember correctly, the amount that they say that I had deposited was wrong... I think they loaned me around 4-5 hundred and they said that my first payment was 900 bucks... There is no way I would have agreed to that... I think that they just basically sent a generic form letter saying that Payday one was the original lender and then just came up with this amount.... I just don't know whether to contact them or not.... I don't want to get sued but then again, I don't think what they sent back to me is correct information and I think they just sent tis generic form letter. Nothing is showing on my credit report either so I don't know what to do? I knowthat if I call, they are going to want the complete amount right then, and then I would have justified the debt and I don't have 1500 bucks...

Any help or tips for harrassing/threatening collection calls for the state of Mississippi

Easy....send them a cease and desist letter in writing.

Hi. I had taken a payday loan out (a couple at the same time) and could not keep up with the roll over payments nor did I have enough to pay them off in full. My bank account was closed. The original loan amount was 800.00, this one was actually structured to pay them back monthly. Now it has been sold to a collection agency who wants me to pay them 1800.00 dollars. I want to clear this up, but cannot pay that amount. Any advise? Can they tack on a thousand bucks worth of interest? State of MI. Lender is in MI.

Who is the lender???

It is Plain Green and it is now with National Credit adjusters.

Soaplady, it was Plain Green and the collection agency is National Credit Adjusters

since plain green is an illegal tribal you only owe the 800.00.also anything debited gets deducted from that.if you havr their address send them a C&D.again a loan buyer and a bottomfeeder at that.unless nothingat all was debited you owe 800.00 and that is if nothing was debited ever.get the c&d out asap cmrrr.

I paid Bottom Dollar off in 2009. I got a lette3r from National Credit Adjusters saying that they bought my account with Bottom Dollart and that I owe them $588.25 and that I have 30 days to respond to their letter. I can't find the paper work I need, what can I do?

it doesn't matter about if you can find proof.it is up to NCA to prove you do owe it.send a DV letter CMRRR.

Bottom Dollar is an illegal offshore lender so it is actually irrelevant if you have the paper work.

Dear NCA

Creditor: Bottom Dollar Pay Day Loan
Account Number # _________________
I hereby demand you cease and desist any and all contact with me and anyone associated with me. Bottom Dollar Pay day loan located in Nevis, The West indies. They hold no license to lend anywhere in the US and as such, the loan itself was null and void. I more than likely over paid. Should you choose to violate this cease and desist order, I will be more than happy to pursue you for statutory damages under the FDCPA.

Govern yourself accordingly

Send this letter certified mail, return receipt requested.