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Help! federal reserve bank saying that they will arrest me

Date: Tue, 06/12/2007 - 21:41

Submitted by anonymous
on Tue, 06/12/2007 - 21:41

Posts: 202330 Credits: [Donate]

Total Replies: 6


I have several payday loans also i was contacted by the federal reserve bank they say they r going to arrest me what can i do i owe them 1200


Remember, a legitimate bank or anyone following the legal norms will not make dirty threats. They will usually send you summons from the court and show the case in front of the judge.

If the debt is valid, give them a call and make payment arrangements. Be aware of the laws in your state and pay accordingly.


lrhall41

Submitted by Bridget on Tue, 06/12/2007 - 22:18

( Posts: 348 | Credits: )


Record the conversations if legal. By your post it appears that the collector committed at least two violations of the fdcpa, one claiming to be a government agency, and two that you are going to be arrested.

The collector must not know much about government if he/she claimed to be with the Federal Reserve collecting a pdl. This sounds high school level intelligence.


lrhall41

Submitted by Law Student on Wed, 06/13/2007 - 00:08

( Posts: 1182 | Credits: )