Payday-Loan-Yes Nightmare

keep in touch with me, i am going through with them right now, they have sent my account to 3 different companies all of which have been on my credit report, 1 of which has been deleted, and i am working on the other 2.

That's what I was afraid of. I don't know how it is legal for a collection agency to buy or take an account that is not even owed! Do you just have to send the DV letter to the collection agency?

Teresa, they sent me to a CA and I requested DV. So far nothing on my credit report and nothing from the CA even though I sent more than one letter....and it has been about 9 months.

i think we had our around the same time roxy, mine has been about that long as well, but the only difference is what you paid them, i believe.

Thanks for the info. I guess I'll just have to wait and see if I get something from a CA. I just really found it quite amusing that a "legitimate" creditor just hung up on me when they didn't like what I had to say. I think that I may resend a letter indicating that I had spoken to someone there and reiterating that I DO NOT owe any balance to them. Or I could just continue to call the lady I spoke with and keep demanding my refund.

you calling them isn't going to accomplish much really, you may as well just ask them for a PIF, and it boogles the mind how these companies buy these debts that are clearly illeagal, i know!

I have 2 payday loans out. I have tried contacting them to make payment arrangements but they will not help me. I have one pay day lender that was so rude to me that I had to hang up on him. What do I do?

Hi there Dendog83 and welcome to the community. Would you mind starting a new topic so we will be able to help you more efficiently, sometimes it's hard to keep track when you post info in someone elses thread. :)

First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!

Payday loan yes is not licensed and is illegal! I have filed complaints about them to all the agencies suggested. I had many calls from them and they were rude and threatened jail. Well that drew the last straw. They have multiple addresses and phone numbers. If they send you to a collection agency just be diligent and demand a DV. I am still getting emails from them asking to reduce my debt owed by 70%, but in all reality I only owe them $35. I have sent many letters to them, all the addresses and I get them returned undeliverable. Any legit CA will not demand you pay on an illegal loan once they know. Besides they already broke the law and violated your rights. You can not give into them. If they take me to court, which I know they won't, I will gladly see a judge and explain the situation.

I too called one woman back several times after she hung up on me and was rude. She got really annoyed and hasn't called since.

They really aren't worth your time and effort, I wouldn't even deal with them, if you have sent them a letters revoking wage assignments, etc., then I would say it's up to them to conduct business with you in a professional manner to resolve this, if they won't, then wait it out until they do, if they never do, then it is their loss and not yours. You are really wasting energy when you attempt to speak with this company in a reasonable fashion. The anger and threats they display are desperate measures on their part. :wink:

It's funny you mentioned the "70% off " email because I got one of those yesterday offering to settle. I'm not settling anything - unless they're going to be paying me, because I've already overpaid. I guess I'll just wait and see if they actually send it to a CA and then deal with the CA then. Thanks for all your replies.

i need the fax number to payday loan yes. they are now contact my employer to garnish my wages.

This is the only fax number I could find, have you revoked wage assignments with them yet? They can't garnish your wages unless they have a judgment against you, however, they can attempt to get a wage assignment against you, but you can revoke that at any time.
Fax -- 8006057419

I have learned to not even speak to pdl companies. if they want something, they know where to write me (i'll except their email but no more phone calls!) In fact, I usually do this with all collections, even legal ones (who are still sometimes very rude and demeaning).
If you send them a C & D letter, they might obey it - mine usually have.
As for them contacting your employer to garnish your wages, it's mostly a wage assignment (garnishments are done through court - not likely with an illegeal company!). Please send them a letter revoking wage assignments. I would also tell your payroll. You can revoke it.

I was paying a asked that the one payment not be taken out. The guy said that was fine and gave me the number to his superviser that approved it. They took the money out anyways and when I called the supervisor he informed me that yes he said not to take it, but it was a lie and that he tells his people to lie and that he is a thief just like me. His name is Stewart Davis.

I had a loan with Pay-Day-Loan yes & so did my sister. I happen to hold a paralegal degree (something they did not know) and I work in collections. I am the reason that this company will not give you a loan if you work in collections! 1). FCC regulations prohibit any collector from making threats(you will be arrested, we will garnish/assign your wages) 2). They are also not allowed to call repeatedly(this is harassment) 3). A collector must identify themself truthfully(they can not say that they are a police officer, detective, or any other person they are not).Now there are Federal & State regulations but all are available online. I have not received any calls from them since a guy called me & advised me that I would be arrested for writing hot checks. Bottomline is that it is not a crime to be able to pay your bills & they have to adhere to the laws in this country. They would call my job & references as well, if this happens just let them know that FCC regulations prohibit 3rd party disclosure. If you are knowledgeable of what they can or can't do they will leave you alone! Good luck to all of you!!!!

Yea i just had the same problem with them. I got a loan under the impression it would be 1000 and then come to find out only 300. I called to cancel and could not get an answer, proceeded to to send a fax to cancel that stated to call when done. Then called again and finally got an answer and was told I could not cancel. Naturally I said ok I will pay then never do this again. 6 days later I have a negative acount cause they did cancel and did not call. I called hours on end to get in contact and when i finally did i was told i could get another 300 loan but that was it. rude and unprofessional customer service even from the manager and supervisor. i am taking this to court, because they legally can not withdraw money from my account with out contacting me, and its not my fault that their rep told me it couldnt be canceled.

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