What Can They Do?
Date: Wed, 03/28/2007 - 23:17
I have a number of loans with the various PayDay Loan companies. I took out the loans, than ended up in Rehab. When I came back, my account was overdrawn. I was able to settle the account with my bank and close it. Since these companies cannot withdraw the money anymore, I keep getting e-mails and phone calls from them...When i tell them that i am recording the calls, they hang up, when i ask for proof of the loan [since i was rather messed up than and don't remember who i borrowed from] they tell em no. I got a few collections letters which i disputed right away asking for the proof of debt.
Now I am willing to pay what i owe...but i am not sure who i owe to...What is it that these companies can do to me, since they refuse to send info and to be recorded?
Now I am willing to pay what i owe...but i am not sure who i owe to...What is it that these companies can do to me, since they refuse to send info and to be recorded?
Mike- Check your credit reports with all three companies to see
Mike- Check your credit reports with all three companies to see who is reporting. Then send a debt validation letter, certified, return receipt, to them.to see who has these and if they can legally collect. You want to make sure that they really do have the debt. Are your pay day loans internet or store front-that too can make a difference..Karen
Mike, You can get a free credit report from all three credit re
Mike,
You can get a free credit report from all three credit reporting agencies once a year at www.annualcreditreport.com
Print them off cause they will only be available for 30 days, then you can't access the freebie again. goodluck
