emarld marking group--- Please help

Date: Mon, 05/11/2009 - 07:16

Submitted by ajones9669
on Mon, 05/11/2009 - 07:16

Posts: 8 Credits: [Donate]

Total Replies: 5

I am having some difficulties with this company. I took a loan with them in Sep. of 07 they charged my checking acct 90.00 twice a month for 3 months. so after 520.00 i could not get them to stop, closed my acct and have not heard anything from them, until last week. Now they say that i owe them 2000.00 or some odd amount but will settle for 400.00. I asked for debt validation on company letterhead, and as well the original contract but got no luck with that. I live in AR, and last year (2008), our AG stated that all PDL's were to forgive and forget all accts that were either current or past due, for the fact that the PDL companies were in conflict with the state constitution.

Any help would be great.

Would you please tell us what was the principle amount of the de

Would you please tell us what was the principle amount of the debt and the name of the PDL. Payday loan is legal in state of AR and so you need to check whether your creditor is licensed or not.

lrhall41

Submitted by novice on Tue, 05/12/2009 - 00:56

( Posts: 290 | Credits: )

I beleive emerald is illegal. Since you account is closed and

I beleive emerald is illegal.

Since you account is closed and you sent a DV letter with no response then ignore them. It sounds like a collection agency bought some junk debt and are now trying to collect.

lrhall41

Submitted by nohiogal on Tue, 05/12/2009 - 02:58

( Posts: 2582 | Credits: )

Principal was 300.00 with 90.00 every 2 weeks, after 540.00 (sor

Principal was 300.00 with 90.00 every 2 weeks, after 540.00 (sorry my math was a little off) i was forced to close my acct. Now they state that they are after me for like 2000.00, BUT i can settle for 400.00. The PDL was emerald marketing group, and the collector is EMG, (same company). I believe that they are illegal, because the state of AR, doesn't allow for rollover and that is what they did to my acct, and also for the link from our AG

http://www.ag.arkansas.gov/newsroom/index.php?do:newsDetail=1&news_id=156

Any help would be great.

Thanks

lrhall41

Submitted by ajones9669 on Tue, 05/12/2009 - 06:11

( Posts: 8 | Credits: )

I would say they are illegal and treat them as such.

lrhall41

Submitted by nohiogal on Tue, 05/12/2009 - 07:10

( Posts: 2582 | Credits: )

EMG is Illegal.

lrhall41

Submitted by Cool_Abyss on Tue, 05/12/2009 - 09:19

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