Collection Call Scam?
Date: Mon, 05/17/2010 - 14:29
Submitted by Donna1264030061
on
Mon, 05/17/2010 - 14:29
Total Replies: 3
It does seem like a scam. Don't pay anything to anyone unless t
It does seem like a scam. Don't pay anything to anyone unless they verify that they are representing the original creditor.
Quote:Originally Posted by Donna1264030061I am continually worki
Quote:
Originally Posted by Donna1264030061 I am continually working to get out of this payday loan mess that I created for myself. Today I received two separate phone calls from two separate collection agencies, both saying they represent the same payday loan company? The collection agencies are National Credit Adjusters and Advanced Credit Recovery. They each reference a different file number and they each have different call back numbers. When I contacted both of them they told me they were representing Access Processing for a loan that I took out. The original amount was $300 plus the $90 fee. They state I owe $510. I know that I only the original amount borrowed of $390. Pretty confusing. Is this a scam? I reside in Arizona. |
The next time they call, tell them they have 5 days after their first initial contact with you to send you a dunning letter (letter of collection) via the mail, that is a federal law (FDCPA). Until you receive such a letter, tell them you can't talk to them anymore, and if they continue to call after you have reminded them of their obligation to send a letter, file a complaint against them with the FTC, BBB and your AG.
I agree completely with Shaz. The PDL industry is so rife with
I agree completely with Shaz. The PDL industry is so rife with unlawful activity (sometimes even the loan itself is illegal!) You need to and have the right to protect yourself. Unless they can prove this debt, you give them nothing. The fact that two separate collectors are engaging in active collections for the SAME account is a huge red flag.
They should not even be demanding payment at this time because the law provides you have 30 days to dispute the debt, which almost all of these companies ignore.
