Illegal PDL in Collections
Date: Thu, 11/13/2008 - 12:52
I was wondering too...I've had a MyPayDayLoan, which i've red on various threads is not legal in the US. But it's in collections now. I see here someone said 'validate debt' which i did and they sent back the name of the MyPayDayLoan company as well as amount owed, and i think some other mild information.
I know i've paid off well over the principle back when it was in MyPayDayLoan. What's my recourse? This also appears on my credit report
I know i've paid off well over the principle back when it was in MyPayDayLoan. What's my recourse? This also appears on my credit report
reply
first dispute that with the CRA'S.then send another letter stating that was not validation.a letter i could have put together doesn't count.
I'm moving this to the PDL board. It'll get better help there.
I'm moving this to the PDL board. It'll get better help there.
I am confused about this process as well. Asking a CA not licen
I am confused about this process as well. Asking a CA not licensed to collect in my state to validate the debt of an illegal pdl makes no sense to me. If neither one is licensed to conduct business why validate the debt? Is this for anything that might come up in the future or am I really just not understanding the right thing to do? I want to make sure I have all my ducks in a row.
