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New Banks/Accounts

Date: Mon, 11/26/2007 - 09:57

Submitted by anonymous
on Mon, 11/26/2007 - 09:57

Posts: 202330 Credits: [Donate]

Total Replies: 6


I was reading my payfast loan doc's (Geneva Roth Ventures and/or its affiliated Companies) and it states if you close your bank account before it is paid off that they can go in to any future new accounts at any new bank and withdraw money to pay up this debt? I live in Boston, MASS and I find this hard to believe?
Also I asked the collection agency for the information of who they where turning over my delinquent account to (attorneys) since they were not successful in their intimidation process and they told me they did not have to tell me and good by (hung up on me). So what do I expect next from them. I do want to pay but I went out on disability after I applied for the loan and the collection agency wants the whole payment?


mjm,

Quote:

I was reading my payfast loan doc's (Geneva Roth Ventures and/or its affiliated Companies) and it states if you close your bank account before it is paid off that they can go in to any future new accounts at any new bank and withdraw money to pay up this debt?


This is why it is important to revoke debit autorization to any and all acounts you may have. Did you do this? If not, I would suggest you write the company a letter revoking debit authorization. Also, you said they turned you over to collections? If you have not already done so, make the collection agency validate the debt..If you need a debt validation letter , let me know. This will stop all collection activity and becuase you live in Mass, they will not be able to validate the debt. Then you will have the fdcpa to back you up.


lrhall41

Submitted by RoxyNY on Mon, 11/26/2007 - 10:26

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Thank you for respomding. Yes I could use a validation letter but I don't have an address top send it to. I believe I have a fax number.
I appreciate your assistance Micheal


lrhall41

Submitted by on Mon, 11/26/2007 - 11:11

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MIchael, I will get that too you. You can fax it but you do need to get the addy to mail it too as well. You want to mail it as well, that little green certified card got me a pif from a CA. If you will pm me the company or post it if you are ok with that, we can help you locate the address.


lrhall41

Submitted by RoxyNY on Mon, 11/26/2007 - 16:04

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