how much is too much?
Date: Fri, 07/15/2011 - 14:06
I had a PDL with Kingston last year and stopped payment on the account to stop the auto debits. They collected $534 on a $200 loan!
I called them today due to an investigation I am doing about a different collection issue and the rep told me I have an outstanding balance of $289 plus $89 fee and he could set up payments to take care of this money due and would accept money orders. I asked if he would consider a settlement amount and he came back with dropping the additional $89 if I sent one lump sum of $289. If I did this I would be paying $823 for an original $200 principle.
What is Kingston's recourse if I don't pay this money order of $289?
I called them today due to an investigation I am doing about a different collection issue and the rep told me I have an outstanding balance of $289 plus $89 fee and he could set up payments to take care of this money due and would accept money orders. I asked if he would consider a settlement amount and he came back with dropping the additional $89 if I sent one lump sum of $289. If I did this I would be paying $823 for an original $200 principle.
What is Kingston's recourse if I don't pay this money order of $289?
they have nothing
since kingston is not located in the US they have jack sh*t for legal recourse.in fact with an illegal lender anything over the principle is too much as they are not entitled to interest.do not pay this UK slime lender another dime,or agree to pay them.they owe you a refund.again they are in the UK and can only call and be stupid.you overpaid and should not even acknowledge them.
