Help! Horizon says sent to collections
Date: Thu, 02/16/2012 - 07:47
Horizon responded to my email (that I send everyday) saying since my last payment was blocked they sent my account to Zardam for collections of $390? Should I go ahead and contact them or wait until I hear from them? I borrowed $300 and paid $540 in fees. Horizon offered to settle for another $130 before I sent off ACH revocation letter but I don't think I should pay them any more $. I live in Iowa and they are not licensed in my state so illegal and I only owe principle. From what I've read this Zardam will start calling me day and night, home and work. Any suggestions on what I should do next? I did reply to Horizon's email letting them know they are still getting an email from me everyday until I get my refund. I want to hassle those bastards!
When they call you, ask them to send you a letter of collection
When they call you, ask them to send you a letter of collection (dunning letter) and when you receive it, send a debt validation letter.
They can't validate an illegal loan. If they're uncooperative, just send a cease and desist.