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I live in Ca and got a payday loan on line from Cash Central in the summer of 2009. The loan was for $200 or $250. Shortly after that, I lost my job, my bank account was closed and I did a few months in jail (unrelated). I have not heard anything from them and quite honestly forgot about the loan until 2 months ago. I received a call from a woman stating my wages were going to be garnished from a past due bill. I returned the call but had to leave a message. Last week I received my second phone call from a Michael Moore, stating he was with the garnishment dept of TBW & ASSOC from Kenmore, NY. I was able to get them to send me an email with the basics regarding the loan. They are claiming that I need to pay $2314.98!!! I don't have a problem with trying to pay what I received but I don't have the kind of money they are asking for. The guy Michael keeps calling every day while I am working and can not answer the phone. By the time I get off work, they are gone from their office back east. Today he said he would be filing the papers for the garnishment with my employer. Can he do that?? They never even got a judgement. What amount can they legally try to get out of me beyond the initial $200 loan? I've been on this site for a couple hours but am still not sure exactly what my next move should be. Do I talk to them on the phone? Any suggestions on what I should do next or how I should handle this? Thank You

Cash Central is licensed to lend in CA.

Did you pay anything back before your account was closed?

Also, the statute of limitations in CA is 4 years. Can you figure out the exact date you signed the contract with CC?

I wouldn't worry about Michael Moore, right now. He sounds like the typical PDL scammer. You can't be garnished without a court order. Have you been sued? Have you received anything in writing other than the email? Did the email say "this is an attemt to collect a have 30 days to dispute the validity..." or anything similar?

You'll need to request debt validation, in writing from this company. I doubt they'll have it.

Sub: #1 posted on Wed, 07/25/2012 - 06:12

OhioGal1 OhioGal1
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i'm noticing more and more how legal lenders are selling their debt to bottomfeeders.think about it.

1)the loan was for 200-250
2)the OP is in CA
3)the place threatening for an inflated amount is in NY
4)they can't garnish without taking the OP to court in CA

i know the debt was legal,but i suspect cash central sold it to a bottomfeeder in NY.the OP should check their court clerk's website using their name as the defendent.i'm positive nothing will be there.when that is confirmed the OP should file AG,AND FTC complaints against this bottomfeeder.last thing.the OP should contact cash central and try to pay them.if they did sell it then you don't bother with crap in NY that has to resort to threats they can't carry out.

Sub: #2 posted on Wed, 07/25/2012 - 06:28

paulmergel paulmergel
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I was thinking the same, Paul.

That's why I mentioned the SOL. I'm betting if the CA is sent a DV, they'll go away. And I doubt their will be any further pursuit before the SOL expires.

Sub: #3 posted on Wed, 07/25/2012 - 06:53

OhioGal1 OhioGal1
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I don't believe I paid back anything before the account was closed but I'm honestly not sure. I know I later paid back BofA $583 to clear up the account. I know the loan was in the summer of 2009. I haven't been sued yet and at the bottom of the email, which was like a letter on company letterhead, said "Federal law requires us to notify you that this is a communication from a debt collector. This is an attempt to collect a debt. Any information obtained will be used for that purpose." There is a section on the email that has my social, DOB, Original Creditor, original acct #, date incurred 5-07-12 and charge off time of 7-31-2009. Is that the same as a debt validation letter? I'll go ahead and send a debt validation letter. It can't hurt. So I shouldn't try to work out anything with that company that keeps calling me?

Thanks a bunch!

Sub: #4 posted on Fri, 07/27/2012 - 00:12

longtallsally longtallsally

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Also make sure that you send a cease and desist for calling you at work.

Sub: #5 posted on Fri, 07/27/2012 - 03:26

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If it was charged off in July of '09, you likely defaulted prior to that date.

Frankly, I'd ride it out until SOL expires.

Send the DV. It's highly unlikely they'll be able to produce your original signed contract.

Sub: #6 posted on Fri, 07/27/2012 - 06:27

OhioGal1 OhioGal1
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