Still a little confused

Date: Wed, 01/13/2010 - 13:12

Submitted by islefan3949
on Wed, 01/13/2010 - 13:12

Posts: 273 Credits: [Donate]

Total Replies: 9

I'm just a little confused as far ad having a debt validated. I was contacted by lra collecting for one of my pdl's. Now I do owe the pdl 175. they were telling me that I owe 485 with the fees and stuff. I live in ny so I know that all I have to pay back is the original amount borrowed. I faxed and mailed Lra a letter requesting the debt be validated. Now what I'm wondering is if they don't send me anything back who do I owe? Do I pay back the original pdl or is the amount just gone since it couldn't be validated?

Don't pay a dime until you receive validation. As far as the or

Don't pay a dime until you receive validation. As far as the original PDL is concerned, you owe ONLY the principal borrowed if they aren't licensed to lend in NY and you should demand a physical mailing address to send the payment.

lrhall41

Submitted by Icon on Wed, 01/13/2010 - 14:22

( Posts: 185 | Credits: )

when i contacted the original pdl they told me they no longer ha

when i contacted the original pdl they told me they no longer had the account. so who do i pay if the ca is not able to validate the debt.

lrhall41

Submitted by islefan3949 on Wed, 01/13/2010 - 14:30

( Posts: 273 | Credits: )

you pay no one till they verify. You have a right to ask for th

you pay no one till they verify. You have a right to ask for them to prove the debt and if its illegal they wont be able to prove it. And if they want their money they will let you pay your way your terms

lrhall41

Submitted by Jasgal on Wed, 01/13/2010 - 14:44

( Posts: 399 | Credits: )

If the CA is not able to validate the debt, you pay nothing.

lrhall41

Submitted by Icon on Thu, 01/14/2010 - 15:33

( Posts: 185 | Credits: )

Even if they are illegal pdl wouldn't they be able to validate t

Even if they are illegal pdl wouldn't they be able to validate the debt for the remaining principal still owed?

lrhall41

Submitted by on Fri, 01/15/2010 - 03:11

( Posts: | Credits: )

Quote:Originally Posted by AnonymousEven if they are illegal pdl

Quote:

Originally Posted by Anonymous

Even if they are illegal pdl wouldn't they be able to validate the debt for the remaining principal still owed?

you see that is where LRA,and the pdl being illegal come in.they are not going to accept just the remaining amount owed.they want what they say you owe,and nothing less.being unlicensed and illegal in NY means nothing to them.they would rather violate the law to collect what they want as opposed to what is really owed.besides how does an unlicensed pdl,or collector validate any debt?they really can't being unlicensed.the stance of this forum,and the people who come for help want to pay what was borriwed,but the pdl's and collectors are stil in the dark ages when they could scare people into just paying.they will eventually give in and make it seem like they are doing you a favor by accepting the actual amount owed.