Quickest-Cash-Advance / Paramount Recovery Services
Date: Mon, 11/02/2009 - 10:32
It was sent to a Mid-America Credit Bureau (Collection Agency) in Oklahoma. Then I was getting calls from another collection agency. I had paid $200 of the original $300 loan amount to the first collection agency and then after the second one had started calling ---- I didn't pay anything else ---- because they both stated they had the account at their collection agency.
Now to no avail ---- I received a phone call from a 3rd collection agency (haven't heard from the other two since Feb 2009) at my place of employment. This 3rd collection agency is Paramount Recovery Services in Mason, Ohio which is stating that I owe another $510 to Quickest-Cash-Advance.com. Since this collection agency is located in the same state as me and is collecting on this illegal loan ----- what are my options?
I refuse to pay $510 --- the loan was for $300 and I have already paid $200. But --- there again --- nobody will agree to a letter staying how much is due.
This 3rd collection agency has also not sent me anything in writing either.
The collector pretty much was bullying on the phone and demanded payment. I stated that he is no longer to contact me at the number he called on.
Thanks for your help.
I guess I need to know how to deal with this NEW collection agen
I guess I need to know how to deal with this NEW collection agency.
Thanks
tell them until you receive something in writing you will not sp
tell them until you receive something in writing you will not speak to them further.then hang up.do the same at work as well.you owe 100.00 that's all.your options are they can validate properly or go away like the others.
It just kind of got me worried about the agency being in Ohio an
It just kind of got me worried about the agency being in Ohio and that is where I live --- but that doesn't change the loan being illegal in the state of Ohio.
Quote:Originally Posted by AnonymousIt just kind of got me worri
Quote:
Originally Posted by Anonymous It just kind of got me worried about the agency being in Ohio and that is where I live --- but that doesn't change the loan being illegal in the state of Ohio. |
You really shouldn't deny or admit to owing the debt until you receive documentation. ALL collection agencies are required to follow protocol set forth by the federal law, it's called the FDCPA (Fair Debt Collection Practices). Clearly, this collection agency has failed to do so. The next call you receive tell them you are waiting for your dunning letter (letter of collection) via the mail as required by the FDCPA, and until you receive it you can NOT speak to them on the telephone, also remind them that they have 5 days after their first initial contact with you to send that dunning letter through the mail.
Well --- they contacted me today. So they have til Friday to se
Well --- they contacted me today. So they have til Friday to send the letter correct? I know what I owe --- but nobody will agree that the original $300 is all that was owed from the get go since it was illegal. Nobody has credited the $100 from the original balance either that I paid.
Basically he threatened with the client wants employment verification. My boss is aware of this fiasco I have had with this. I believe they have been calling my cell with a 555-555-5555 caller id coming up.
What is the probability that they will take me to court in Ohio since it is an illegal payday loan?
If I haven't said it ----- those of you who support this website --- I think it is wonderful.
Quote:Originally Posted by AnonymousWell --- they contacted me t
Quote:
Originally Posted by Anonymous Well --- they contacted me today. So they have til Friday to send the letter correct? I know what I owe --- but nobody will agree that the original $300 is all that was owed from the get go since it was illegal. Nobody has credited the $100 from the original balance either that I paid. Basically he threatened with the client wants employment verification. My boss is aware of this fiasco I have had with this. I believe they have been calling my cell with a 555-555-5555 caller id coming up. What is the probability that they will take me to court in Ohio since it is an illegal payday loan? If I haven't said it ----- those of you who support this website --- I think it is wonderful. |
The probability is none to slim that it will go beyond threats, however, it would be in your best interest to educate yourself on your rights with the FDCPA, so that you will be able to protect yourself.
What is going on
What is going on is that with these payday loans when you default on them they tack on any interest and nsf fees you may have accumulated when they send them to the collection agency then when you start paying the first agency and you default on payment with them after so many tries of getting you back on the phone to make up your payment they close the account and send it back to the client(investor whom bought the debt) then the investor decides to either pursue legal action or try another collection agency. When the client turns it over to the second agency they send the full balance again you lost all payments from the prior. And thats why paramount is asking for the full balance........ Also according to the fdcpa the agency has to send you a letter letting you know that they are no in charge of the debt(but by law of the fdcpa and third party disclosures the agency can not put any markings on the outside of the envelope partying what the company is or what they do) there all the letters you get when all you see is a return address and you rip them up and throw them away.....