Debtconsolidationcare.com - the USA consumer forum

Help is this a scam??

Date: Mon, 07/23/2012 - 15:47

Submitted by anonymous
on Mon, 07/23/2012 - 15:47

Posts: 202330 Credits: [Donate]

Total Replies: 13


I took out a payday loan with Mycashnow.com I ended up closing my bank acct so I never paid them I borrowed $500 and now I am getting a call from Martha Greylock from Legal Processing Services and she said there is an action going to brought against me because my acct was closed and that is like writing a bad check. She says it is a felony or something. I live in Missouri. She was trying to get me to pay over $1000 and I told her I didn't think they were legal in MO so I would pay the $500 which is what I borrowed. She tried to get me to pay it that day but I told her I couldn't. I didnt have the money which I dont. She had to call her client when I was on the line to see if that was okay. They agreed to it and she was suppose to send me some paperwork by email as I told her I was leary since I don't know who she is etc and she completely understood. That was last week and I never got the email so I called and gave her my fax still nothing. So my payment is suppose to be made tomorrow by Money gram or CC but I am not giving anyone that over the phone when I dont know who they are. I never heard from her until her close of business today she left a message reminding me of my pmnt due tomorrow. I dont have the money since I thought it was a scam since I have recd no paperwork. I called her back and left a message that I recd no paperwork and not paying until that is recd. Is this legit anyone know. She is in NY and said her co is Legal processing services. Can they suit or can I go to jail for closing my acct? I called mycashnow to see if this lady was with them and my acct has been transfered to 3 diff cos now and I need to call the last one but they are in Georgia. Martha calls from 585-643-1727. Any help would be appreciated. I don't want to go to jail for this I am nervous about it and I owe the $500 just don't have it now. HELP please I need to sleep at night! Thanks


It's hard to say. You need to be strong and ask her to send you a dunning letter and then send her back a request for validation of debt. Set up arrangements of 100 dollars per month and offer 600. Unfortunately in my experience, once these payday loans get sent to real collections agencies it gets A LOT harder to negotiate. The lenders will accept 100 on a 400 dollar loan sometimes, but these collections agencies are a lot harder. If the loan is illegal in your state you technically owe nothing but be careful. If I were you I would handle this all through email... ask her to reach you through email and do the steps I told you before. And don't worry, we don't have debtors prison anymore so you won't be going there!


lrhall41

Submitted by on Mon, 07/23/2012 - 17:09

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She did send me a validation of debt finally today. But I am still leary. I am trying to get a hold of the 3rd collection place that I was told my acct was with to verify. After she sent me the validation of debt I emailed and said that I could make pmnts and they told me I need to call. I told them I was advised by my atty to communicate by email and that I am still trying to verify that they are the co my loan is with and I haven't heard from them since this morning when I emailed them that. The letterhead that they sent me with the validation of debt the phone listed I googled it and people say it is a scam. I am just not sure if they are the ones suppose to be collecting my debt and once I find that out I am going to make payments so this nightmare can go away. I think they are threatening me to get me to pay but of course I dont want to pay if they aren't who is suppose to be collecting on my debt but I just don't know how to find that out unless I can get ahold of the 3rd co I called. I had called mycashnow they told me what co it was with and I called them and it was another co and called them and it was with this 3rd co who I can never get to answer and I left a msg today to see if the loan was still with them and I have heard nothing back. I am hoping if they file suit or some action I can still settle it later. Thanks for your help. I need out of this payday loan trap and it is my fault I am in it and ready to get it together and get out of the trap.


lrhall41

Submitted by on Tue, 07/24/2012 - 13:42

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So if they are not licensed in MO do I only owe them the amt of the original loan. The validation could have been something they just typed up just had my name the amt of loan the co I got it from and my name and address nothing I signed or anything official looking. That is why I am still leary since it could have been made up by anyone that just got my info. They keep threatening a action against me so that is what worries me though I am not paying them until I know they are the collection co. Can anything happen though since I am in Missouri and I did close my bank acct with their loan still outstanding. Thanks for all your help. They were calling me alot this morning and they did stop once I sent that email telling them to only contact me by email and that I am trying to verify. So either they are filing whatever they were going to file which I am thinking even if they do and its legit I can hopefully just settle it later or they are not legit just curious if they will still contact me.

You said call Mo Dept of Finance sorry for my ignorance but is that to report them or to ask them something. THANKS :)


lrhall41

Submitted by on Tue, 07/24/2012 - 16:53

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No problem... I suggest at this point, you call the original lender and ask them who they sold the debt to. If they tell you it was sold to this collector that is calling you, that's a sign in the right direction. Don't talk to the collector on the phone, tell them everything is to be handled through writing.


lrhall41

Submitted by waffles on Tue, 07/24/2012 - 18:11

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if this company is trying to recover a legitimate debt, they need to follow the FDCPA.


Since this is an illegal tribal lender, I would tell them to get bent.


You will not be arrested and quite likely will not be sued. These places love to threaten lawsuits but according to some sworn testimony in court, many of these places NEVER proceed with legal action since they know the debt will be thrown out of court the minute the judge sees it.


lrhall41

Submitted by DeadDoug on Tue, 07/24/2012 - 19:57

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Hi I receieved a phone call from this number as well 585 643 1727 from "martha bralock" from legal services saying that I owed the same amount as you $500 and that I also had to pay like $1000 to not go to jail.. Is it really a scam? what did you do? I would really appreciate the help, thank you!!


lrhall41

Submitted by on Tue, 09/04/2012 - 08:24

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