logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Payday Loans NJ Illegal (both parties)

Date: Thu, 07/15/2010 - 06:48

Submitted by anonymous
on Thu, 07/15/2010 - 06:48

Posts: 202330 Credits: [Donate]

Total Replies: 41


I just found out it is illegal to offer and accept Payday Loans in NJ. Basically, I am a just as guilty as the financial institution. One of the loans was sold to a collection agency. The initial loan was 300.00 and now they are trying to collect on 525.00. What is the best way to proceed with this without getting myself in trouble.

The collection company did send a letter, which I received yesterday stating they bought the loan. I was going to send a debt validation letter but not sure that is the best route considering the entire thing was illegal. My initial thought was to send a letter with a copy of the law and offer them 300.00 (initial loan)

Any suggestions?

Thanks


Quote:

Originally Posted by Anonymous
I just found out it is illegal to offer and accept Payday Loans in NJ. Basically, I am a just as guilty as the financial institution. One of the loans was sold to a collection agency. The initial loan was 300.00 and now they are trying to collect on 525.00. What is the best way to proceed with this without getting myself in trouble.

The collection company did send a letter, which I received yesterday stating they bought the loan. I was going to send a debt validation letter but not sure that is the best route considering the entire thing was illegal. My initial thought was to send a letter with a copy of the law and offer them 300.00 (initial loan)

Any suggestions?

Thanks


i want to know where you saw this as that is news to me.as far as i know pdl's are illegal in NJ.nothing is stated about it being illegal to accept pdl's on the AG'S or DFI'S websites.again i want to know who told you this.if it was a pdl or collector.it's a lie.pdl's are totally prohibited,and there is nothing in the AG'S or DFI WEBSITES stating any legal liability on the consumers part.proceed as you would on an illegal loan.even file AG complaints with the NJ AG.you are only liable for the principle,and and debits go towards that.


lrhall41

Submitted by paulmergel on Thu, 07/15/2010 - 07:15

( Posts: 15514 | Credits: )


Quote:

Originally Posted by paulmergel
i want to know where you saw this as that is news to me.as far as i know pdl's are illegal in NJ.nothing is stated about it being illegal to accept pdl's on the AG'S or DFI'S websites.again i want to know who told you this.if it was a pdl or collector.it's a lie.pdl's are totally prohibited,and there is nothing in the AG'S or DFI WEBSITES stating any legal liability on the consumers part.proceed as you would on an illegal loan.even file AG complaints with the NJ AG.you are only liable for the principle,and and debits go towards that.


I called New Jersey Department of Banking and Insurance.

They told me it was illegal to offer and accept.

(609) 292-5360

Should I send a debt validation letter to the collection agency. Should I mention the loan was illegal and offer the principal only or should I wait for validation.


lrhall41

Submitted by on Mon, 07/19/2010 - 07:34

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
I called New Jersey Department of Banking and Insurance.

They told me this.

(609) 292-5360


oh i see now.well ask your AG for a real opinon as i don't put any faith in any part of the banknig sector.your AG is who enforces the laws,not a greedy dept on the take with bail-out money.the NYBD(new york bank division)says the same thing about loans in NY.NY AG cuomo has a much different opinion.again the entire bank sector is based on greed,and sticking to the people.they are not allowed to interpret the law.the NJ dept of banking is wrong,and should be drummed out of office,but that is up to the citizens of NJ to do that.just know all pdl's are illegal,and you did nothing wrong.


lrhall41

Submitted by paulmergel on Mon, 07/19/2010 - 07:39

( Posts: 15514 | Credits: )


Quote:

Originally Posted by ballplayersmom
Well how is a consumer suppose to know who lives in NJ that it is illegal to take a pay day loan??? So what did the Department of Banking tell you?


Agreed!

However, as my ex-wife says, who is a lawyer and once a judge.

Ignorance of the law is no excuse


lrhall41

Submitted by on Mon, 07/19/2010 - 07:41

( Posts: | Credits: )


I am not to concerned whether I broke the law or not. I would like to deal with the collection agency.

The original payday lender was mesa financial.

They sold it to a collection agency, very fast and without ever contacting me.

The collection agency did contact me and I need to respond. What is the best way to send a debt validation letter on an illegal loan?

Thanks


lrhall41

Submitted by on Mon, 07/19/2010 - 07:44

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
Agreed!

However, as my ex-wife says, who is a lawyer and once a judge.

Ignorance of the law is no excuse


fine,but we always advocate paying back what was borrowed.that means the principle.nobody here looks kindly on anybody who states,or does otherwise.so i'm growing suspicious here.no person in NJ who takes an illegal online pdl is guilty of anything.quit going there.


lrhall41

Submitted by paulmergel on Mon, 07/19/2010 - 07:48

( Posts: 15514 | Credits: )


Quote:

Originally Posted by Anonymous
I called New Jersey Department of Banking and Insurance.

They told me it was illegal to offer and accept.

(609) 292-5360

Should I send a debt validation letter to the collection agency. Should I mention the loan was illegal and offer the principal only or should I wait for validation.


Payday loans are illegal in New Jersey. Send the company a letter somewhere along the lines of:

[FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]REVOCATION OF ACH AUTHORIZATION ??? SS#
After meeting with a debt management agent, I learned that internet pay-day loans and pay day loans are illegal in the State of New Jersey. I found the following regarding payday loans in New Jersey in general:
New Jersey State Information
Legal Status: [/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#ff0000][FONT=Verdana][SIZE=2][COLOR=#ff0000]Prohibited
[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]Citation:
Consumer loan act applies but rates as agreed to by contract. N.J. Stat. Ann. tit. 17,???? 1 et seq. However, criminal law sets the usury cap at 30%. N.J. Stat. Ann. ???? 2C: 21-19. A check cashing licensee cannot cash or advance money on a postdated check. N.J. Stat. Ann. ???? 17:15A-47.
Small Loan Rate Cap - 30% per year
Effective immediately, I revoke all ACH authorizations with your company and prohibit you from debiting any of my accounts, per Federal law, Regulation E Section 205.10 Preauthorized Transfers. I have closed my account with Commerce Bank per instructions from The NJ Department of Banking. I also revoke any and all wage assignments I may have signed with your company. I no longer authorize you, your company, or your affiliates to attach my wages or contact my employer for collection purposes. My employer was notified so any attempts to do so will be rejected.

I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from the New Jersey Department of Banking. I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan.

Because these loans are not legal in the state of NJ, your company should NOT issue loans to NJ residents at all. I have already filed a complaint with the NJ Department of Banking, and I will file complaints with the BBB, the FTC, and the NJ Attorney General's Office as well.
I will repay the principal of $300.00. I have already paid $270.00 which leaves a balance of $30.00. Please advise via either e-mail or USPO where I can send cashier???s check for the balance of $30.00. I shall expect a response from you within 5 days from today so I can clear this obligation. This response may only come via US Postal mail or email. No telephone contact is permitted.
Sincerely,



CC:
Better Business Bureau
New Jersey Attorney General
Federal Trade Commission
NJ Department of Banking

Please note you can tailor this to your needs. Sent it certified mail, return receipt requested and fax it. I never heard back from them, thus they never got the $30.00.

good luck. I had 7 pdls last year and was able to dig myself out of that nightmare.[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT]


lrhall41

Submitted by aubrey on Mon, 07/19/2010 - 07:52

( Posts: 1203 | Credits: )


Quote:

Originally Posted by paulmergel
fine,but we always advocate paying back what was borrowed.that means the principle.nobody here looks kindly on anybody who states,or does otherwise.so i'm growing suspicious here.no person in NJ who takes an illegal online pdl is guilty of anything.quit going there.


I think you misunderstood what I am saying.

I am more than willing to pay back the principal and even a reasonable interest rate, at this point. I am looking for the best way to handle a collection agency on this matter.

My initial concern was getting in trouble. Frankly, I am not concerned about this anymore. I just want to know how to deal with a collection agency and what should I pay them.

The original loan was 300.00
interest in two weeks was 90.00
The collection agency is coming after me for 510.00.

If I was dealing directly with the PDL it would be easier.

Sorry for the confusion.


lrhall41

Submitted by on Mon, 07/19/2010 - 07:56

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
I am not to concerned whether I broke the law or not. I would like to deal with the collection agency.

The original payday lender was mesa financial.

They sold it to a collection agency, very fast and without ever contacting me.

The collection agency did contact me and I need to respond. What is the best way to send a debt validation letter on an illegal loan?

Thanks


OOPS. Missed the part where you said it went to collection. That happened to me with Eastside Lenders who sold my to Smith, Haines, Watson. I sent a letter to them, reiterating that the loans were illegal in NJ.. I also requested validation. after receiving validation I tried to negotiate paying the principal but they wanted my banking account information. I refused, and I haven't heard from them since.

Please make sure your bank account information is not available to them, even if it means closing your account to protect yourself.


lrhall41

Submitted by aubrey on Mon, 07/19/2010 - 07:58

( Posts: 1203 | Credits: )


[QUOTE=aubrey;724979]Payday loans are illegal in New Jersey. Send the company a letter somewhere along the lines of:
[FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]REVOCATION OF ACH AUTHORIZATION ??? SS#
After meeting with a debt management agent, I learned that internet pay-day loans and pay day loans are illegal in the State of New Jersey. I found the following regarding payday loans in New Jersey in general:
New Jersey State Information
Legal Status: [/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#ff0000][FONT=Verdana][SIZE=2][COLOR=#ff0000]Prohibited
[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]Citation:
Consumer loan act applies but rates as agreed to by contract. N.J. Stat. Ann. tit. 17,???? 1 et seq. However, criminal law sets the usury cap at 30%. N.J. Stat. Ann. ???? 2C: 21-19. A check cashing licensee cannot cash or advance money on a postdated check. N.J. Stat. Ann. ???? 17:15A-47.
Small Loan Rate Cap - 30% per year
Effective immediately, I revoke all ACH authorizations with your company and prohibit you from debiting any of my accounts, per Federal law, Regulation E Section 205.10 Preauthorized Transfers. I have closed my account with Commerce Bank per instructions from The NJ Department of Banking. I also revoke any and all wage assignments I may have signed with your company. I no longer authorize you, your company, or your affiliates to attach my wages or contact my employer for collection purposes. My employer was notified so any attempts to do so will be rejected.
I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from the New Jersey Department of Banking. I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan.

Because these loans are not legal in the state of NJ, your company should NOT issue loans to NJ residents at all. I have already filed a complaint with the NJ Department of Banking, and I will file complaints with the BBB, the FTC, and the NJ Attorney General's Office as well.
I will repay the principal of $300.00. I have already paid $270.00 which leaves a balance of $30.00. Please advise via either e-mail or USPO where I can send cashier???s check for the balance of $30.00. I shall expect a response from you within 5 days from today so I can clear this obligation. This response may only come via US Postal mail or email. No telephone contact is permitted.
Sincerely,
CC:
Better Business Bureau
New Jersey Attorney General
Federal Trade Commission
NJ Department of Banking
Please note you can tailor this to your needs. Sent it certified mail, return receipt requested and fax it. I never heard back from them, thus they never got the $30.00.
good luck. I had 7 pdls last year and was able to dig myself out of that nightmare.[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/QUOTE]

Thanks, but it is going to a collection agency. Shouldn't have them validate the loan first?


lrhall41

Submitted by on Mon, 07/19/2010 - 07:58

( Posts: | Credits: )


Quote:

Originally Posted by aubrey
OOPS. Missed the part where you said it went to collection. That happened to me with Eastside Lenders who sold my to Smith, Haines, Watson. I sent a letter to them, reiterating that the loans were illegal in NJ.. I also requested validation. after receiving validation I tried to negotiate paying the principal but they wanted my banking account information. I refused, and I haven't heard from them since.
Please make sure your bank account information is not available to them, even if it means closing your account to protect yourself.


Thanks.


lrhall41

Submitted by on Mon, 07/19/2010 - 07:59

( Posts: | Credits: )


Quote:

My initial concern was getting in trouble. Frankly, I am not concerned about this anymore. I just want to know how to deal with a collection agency and what should I pay them.


Send the CA a debt validation request letter. If they refuse then send them a Cease & Desist letter if they are harassing you. Are they owner of the debt now or are they just collecting?


lrhall41

Submitted by Cool_Abyss on Mon, 07/19/2010 - 08:01

( Posts: 2936 | Credits: )


Quote:

Originally Posted by Anonymous
I am not to concerned whether I broke the law or not. I would like to deal with the collection agency.

The original payday lender was mesa financial.

They sold it to a collection agency, very fast and without ever contacting me.

The collection agency did contact me and I need to respond. What is the best way to send a debt validation letter on an illegal loan?

Thanks


again nobody said,or implied any laws were broken except by mesa.in fact any debits before default go towards the 300.00.so unless nothing at all was debited then you owe 300.00.send the laws that aubry posted above with the DV letter.you can find a template in the DIY section.once more do not trust the banking sector about this.go to your AG.they will tell you the real truth.


lrhall41

Submitted by paulmergel on Mon, 07/19/2010 - 08:01

( Posts: 15514 | Credits: )


A collection agency can't collect on an illegal debt, nor can they validate it. It makes NO difference how much information they send you that appears to validate the debt, they can NOT collect on it, especially in N.J. The payday loan laws are CLEAR and CONCISE and that is all you would need to prove your case.


lrhall41

Submitted by Shazzers on Mon, 07/19/2010 - 08:03

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Anonymous
I am not to concerned whether I broke the law or not. I would like to deal with the collection agency.

The original payday lender was mesa financial.

They sold it to a collection agency, very fast and without ever contacting me.

The collection agency did contact me and I need to respond. What is the best way to send a debt validation letter on an illegal loan?

Thanks



You also need to make sure the collection agency is allowed to collect in NJ. Smith, Hayes wasn't (I had asked them to give me their bond number). I think that's why I haven't heard from them.


lrhall41

Submitted by aubrey on Mon, 07/19/2010 - 08:03

( Posts: 1203 | Credits: )


Quote:

Originally Posted by Anonymous
I think you misunderstood what I am saying.

I am more than willing to pay back the principal and even a reasonable interest rate, at this point. I am looking for the best way to handle a collection agency on this matter.

My initial concern was getting in trouble. Frankly, I am not concerned about this anymore. I just want to know how to deal with a collection agency and what should I pay them.

The original loan was 300.00
interest in two weeks was 90.00
The collection agency is coming after me for 510.00.

If I was dealing directly with the PDL it would be easier.

Sorry for the confusion.

Under Section 808 Unfair Practices of the Fair Debt Collection Practices Act under the Consumer Credit Protection Act, federal law prohibits a debt collector from collecting any amount (including any interest, fees, charge, or expense incidental to the principal obligation) unless such amount is expressly authorized by the agreement creating the debt or permitted by law.

If a debt collection agency owns your account, and you did not expressly enter an agreement to pay interest and fees to that collection agency, than they cannot charge you anymore than what the already existing balance is.


lrhall41

Submitted by Shazzers on Mon, 07/19/2010 - 08:05

( Posts: 17344 | Credits: )


Quote:

If a debt collection agency owns your account, and you did not expressly enter an agreement to pay interest and fees to that collection agency, than they cannot charge you anymore than what the already existing balance is.


Awesome! That is why it is important to know if the CA owns or is just collecting. Guest, trust us, a CA collecting on an illegal debt will end up bad for them.


lrhall41

Submitted by Cool_Abyss on Mon, 07/19/2010 - 08:11

( Posts: 2936 | Credits: )


Quote:

Originally Posted by Cool_Abyss
Send the CA a debt validation request letter. If they refuse then send them a Cease & Desist letter if they are harassing you. Are they owner of the debt now or are they just collecting?


The letter they sent me said they owned the debt.


lrhall41

Submitted by on Mon, 07/19/2010 - 10:14

( Posts: | Credits: )


Quote:

Originally Posted by Shazzers
A collection agency can't collect on an illegal debt, nor can they validate it. It makes NO difference how much information they send you that appears to validate the debt, they can NOT collect on it, especially in N.J. The payday loan laws are CLEAR and CONCISE and that is all you would need to prove your case.


So this being the case, who do I pay the 300.00 to?


lrhall41

Submitted by on Mon, 07/19/2010 - 10:17

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
So this being the case, who do I pay the 300.00 to?


i ask how many 90.00 debits were taken before default?you see anything debited before default gets deducted for example:

mesa debited twice for 90.00.you only owe 120.00 on this.
if they only debited once you owe 210.00.when you send the DV letter to the bottomfeeder make sure you let them know in very certain terms how much you really owe on this.


lrhall41

Submitted by paulmergel on Mon, 07/19/2010 - 10:37

( Posts: 15514 | Credits: )


If the CA owns the debt you have to pay them at this point. Do as Paul suggested and have them validate the debt to ensure you only pay for what you owed Mesa Financial.

On another note, bottom line is PDLs are illegal in NJ, so you really do not have to repay anything to them being they are collecting on an unlicensed lender. This would be a morale repayment based on what you borrowed from the illegal lender.


lrhall41

Submitted by Cool_Abyss on Mon, 07/19/2010 - 10:48

( Posts: 2936 | Credits: )


Quote:

Originally Posted by Shazzers
A collection agency can't collect on an illegal debt, nor can they validate it. It makes NO difference how much information they send you that appears to validate the debt, they can NOT collect on it, especially in N.J. The payday loan laws are CLEAR and CONCISE and that is all you would need to prove your case.


Wow, so THAT's why Smith, Haines, Watson gave up.... although they were very intimidating. Didn't know collectors couldn't collect on illegal loan. Thanks for the info.


lrhall41

Submitted by aubrey on Mon, 07/19/2010 - 10:52

( Posts: 1203 | Credits: )


Quote:

Originally Posted by paulmergel
i ask how many 90.00 debits were taken before default?you see anything debited before default gets deducted for example:
mesa debited twice for 90.00.you only owe 120.00 on this.
if they only debited once you owe 210.00.when you send the DV letter to the bottomfeeder make sure you let them know in very certain terms how much you really owe on this.


I didn't pay anything. My account was hit (identity theft) and I closed it before they had an opportunity to ACH


lrhall41

Submitted by on Mon, 07/19/2010 - 10:55

( Posts: | Credits: )


Quote:

Originally Posted by Cool_Abyss
If the CA owns the debt you have to pay them at this point. Do as Paul suggested and have them validate the debt to ensure you only pay for what you owed Mesa Financial.
On another note, bottom line is PDLs are illegal in NJ, so you really do not have to repay anything to them being they are collecting on an unlicensed lender. This would be a morale repayment based on what you borrowed from the illegal lender.


The 300.00 must be re-payed. I know that plus I don't welsh.

I hate collection agencies.


lrhall41

Submitted by on Mon, 07/19/2010 - 11:00

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
The 300.00 must be re-payed. I know that plus I don't welsh.

I hate collection agencies.


all right almost there.now who is the place collecting now?again send the DV letter.do not let them try to lie,and strong arm you.believe it or not.you are in control here,not them.yes we always advocate paying what was borrowed.but do it on your terms.meaning they let you pay with money orders,and it's what you can afford.not what they tell you to pay.


lrhall41

Submitted by paulmergel on Mon, 07/19/2010 - 11:30

( Posts: 15514 | Credits: )


Quote:

Originally Posted by paulmergel
all right almost there.now who is the place collecting now?again send the DV letter.do not let them try to lie,and strong arm you.believe it or not.you are in control here,not them.yes we always advocate paying what was borrowed.but do it on your terms.meaning they let you pay with money orders,and it's what you can afford.not what they tell you to pay.


NCA - National Credit Adjusters

The first line of the letter reads:
This letter is to inform you that National Credit Adjusters, LLC (NCA) has purchased the above referenced account; we are not collecting for Mesa Financial. NCA owns the account you created with Mesa Financialand has a financial investment in it.....

As of the date of this letter, you owe $510.00; because of interest, late charges and other charges that may vary from day to day, the amount due on the day you pay may be greater than the amount on this letter. hence, if you pay the amount shown above, an adjustment may be necessary after we receive your payment.

Original PDL: Mesa Financial, for 300.00


lrhall41

Submitted by on Tue, 07/20/2010 - 05:25

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
NCA - National Credit Adjusters

The first line of the letter reads:
This letter is to inform you that National Credit Adjusters, LLC (NCA) has purchased the above referenced account; we are not collecting for Mesa Financial. NCA owns the account you created with Mesa Financialand has a financial investment in it.....

As of the date of this letter, you owe $510.00; because of interest, late charges and other charges that may vary from day to day, the amount due on the day you pay may be greater than the amount on this letter. hence, if you pay the amount shown above, an adjustment may be necessary after we receive your payment.

Original PDL: Mesa Financial, for 300.00


oh boy,national credit adjusters is one of the most notorious pdl collection bottomfeeders out there.they are required by fderal law to validate this debt.you do not owe anything over the 300.00 borrowed.send the DV letter with something stating that since MESA legally can't charge interest.neither can they,get these things in writing(which this bottomfeeder won't provide).

1)they acknowledge you only owe 300.00 not 510.00,and they can't keep jacking that up.
2)agreement that by paying the 300.00 this debt will be paid.
3)agreement that payments can be sent via money order,or prepaid debit.

those are important.above all else do not give bank debit,check info,or cc info.do a serach in the bar top for national credit adjusters,you will see what scum you are now dealing with.


lrhall41

Submitted by paulmergel on Tue, 07/20/2010 - 05:42

( Posts: 15514 | Credits: )


Quote:

Originally Posted by paulmergel
oh boy,national credit adjusters is one of the most notorious pdl collection bottomfeeders out there.they are required by fderal law to validate this debt.you do not owe anything over the 300.00 borrowed.send the DV letter with something stating that since MESA legally can't charge interest.neither can they,get these things in writing(which this bottomfeeder won't provide).
1)they acknowledge you only owe 300.00 not 510.00,and they can't keep jacking that up.
2)agreement that by paying the 300.00 this debt will be paid.
3)agreement that payments can be sent via money order,or prepaid debit.
those are important.above all else do not give bank debit,check info,or cc info.do a serach in the bar top for national credit adjusters,you will see what scum you are now dealing with.


The woman on the phone already threatened to sue me. I told her if she was trying to intimidate me it wouldn't work and that I would be in contact with them shortly.

I was about to tell her just because I was in a financial bind does not mean I am stupid, but I kept the conversation short and sweet :-)

Should I include the following in the DV letter:

1)they acknowledge you only owe 300.00 not 510.00,and they can't keep jacking that up.
2)agreement that by paying the 300.00 this debt will be paid.
3)agreement that payments can be sent via money order,or prepaid debit.

Should I also include NJ law showing PDL is illegal.


lrhall41

Submitted by on Tue, 07/20/2010 - 06:01

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
The woman on the phone already threatened to sue me. I told her if she was trying to intimidate me it wouldn't work and that I would be in contact with them shortly.

I was about to tell her just because I was in a financial bind does not mean I am stupid, but I kept the conversation short and sweet :-)

Should I include the following in the DV letter:

1)they acknowledge you only owe 300.00 not 510.00,and they can't keep jacking that up.
2)agreement that by paying the 300.00 this debt will be paid.
3)agreement that payments can be sent via money order,or prepaid debit.

Should I also include NJ law showing PDL is illegal.


hmmm.i would include verbage like that but word it like this.

it has come to my attention that you have bought a debt considered illegal in my state.(put your state laws here).therefore i am requesting the following

1)proof of the legality of the debt.
2)proof i owe the amount you say i owe.
3)your license to collect this debt.

also any calls after receipt of this letter will be recorded.compliance with this letter will result in resolution.anything else will result in me filing AG,and FTC complaints.

that is how i would do it,but admit nothing until they give that info.


lrhall41

Submitted by paulmergel on Tue, 07/20/2010 - 06:24

( Posts: 15514 | Credits: )


Quote:

Originally Posted by paulmergel
hmmm.i would include verbage like that but word it like this.
it has come to my attention that you have bought a debt considered illegal in my state.(put your state laws here).therefore i am requesting the following
1)proof of the legality of the debt.
2)proof i owe the amount you say i owe.
3)your license to collect this debt.
also any calls after receipt of this letter will be recorded.compliance with this letter will result in resolution.anything else will result in me filing AG,and FTC complaints.
that is how i would do it,but admit nothing until they give that info.


Thanks. Sending the letter today. I guess these collectors expect to spook individuals into just handing money over blindly.


lrhall41

Submitted by on Tue, 07/20/2010 - 06:51

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
Thanks. Sending the letter today. I guess these collectors expect to spook individuals into just handing money over blindly.


exactly right my friend.that is why sites like this exist,because a while ago they had their way,and people did just pay not knowing these places have no right to anything.


lrhall41

Submitted by paulmergel on Tue, 07/20/2010 - 07:08

( Posts: 15514 | Credits: )


Quote:

Originally Posted by ballplayersmom
did national credit contact u via email or mail? i am sure i will also be hearing from them shortly and wondered how they will approach me at first


First via phone call. I asked if they sent any kind of correspondence and they said they mailed me a letter. I told them when I received the letter I would be back in touch. They called me again today and I told them they would be hearing from me shortly.

I sent the DV today.


lrhall41

Submitted by on Tue, 07/20/2010 - 12:21

( Posts: | Credits: )