Which one to pay first
Date: Thu, 04/09/2009 - 07:46
I have received a phone call from Evans Laws saying they are collecting for debt I have with e-payday-loan.com. The loan was for $350, they want $620, but say they are willing to settle for $460. At the same time, I received an offer from PayDayOne, and they want $325 for $650 loan (basically they ask for half of what I borrowed). That is a great offer to me, and $325 is within my ability to pay. The question is, should I pay e-payday-loan first, or PayDayOne? The Evans Law collection agency is loud and obnoxious and I found lot of angry people on the Internet who had nothing nice to say about them; while PayDayOne was very civil so far. So I was thinking, that I pay PayDayOne first, simply because I know they are a legal lender, while I think that e-payday-loan is not legal (I am in PA, both loans were taken last year). Is e-payday-loan legal too? Or should I pay the e-payday-loan off first, because it is already in collection? BTW, I am still planning on sending Evans Law a debt validation request as I would really like to know how they came up with their numbers). Another question I have - how is the best way to deal with collection agencies that are collecting for illegal internet payday companies? Any advise will be very much appreciated. Thank you.
I would say deal with Payday One first as they are legal. You ca
I would say deal with Payday One first as they are legal. You can be done with that one.
Send the DV to Evans which will buy you time.
I have not heard of e-payday. I will do some checking to see if they are legal or not.
The best way to deal with a CA that are collecting an illegal debt is to tell them that in a cease and desist letter.
ETA:
The only information I found was....
Cashnet 500 Financial (E-Payday Loan)
PO Box 572037
Murray, UT 84157
Telephone: (800) 654-7444
Fax: (800) 887-9284
cashnet500.com
e-payday-loan.com/contact.html
Cashnet 500 Financial (E-Payday Loan)
4001 S 700 E # 500
Salt Lake City, UT 84107
E-Payday Loans
PO Box 571992
Murray, UT 84157
866-364-9684
I looked in the Utah database and did find a license under those names. I also did not find Evans under a legal collector in PA or Utah.