I am having a major problem with a payday loan I t
Date: Sat, 04/02/2011 - 22:45
I am having a major problem with a payday loan I took out in December 2009. Paydaywiz.com gave me 2 loans. The first one rolled over several times but I paid it in full. I took out a second one, it rolled over 3 times and then I closed my bank account. They had Smith Haynes and Watson contact me in March 2010. At that time, I sent a certified signature required letter stating they needed to validate the loan. They went away and I never heard from them. In December 2010, SHW gave it a new reference number and tried to collect again. I asked them again to validate the debt, they did not. I sent a C&D letter in December and the calls stopped.
This past week I got a letter from SHW offering me to settle the debt and gave me options. I again sent them the DV letter and today they sent me a certified signature required letter stating they had the right to collect the debt and I owed it.
They will NOT go away yet they refuse to give me what I ask for. How can I make them stop? I have contacted PayDayWiz.com directly via email and mail. The signature required letter came back from PDW stating they were not at the address they have listed on their website. They emailed me back stating I need to contact SHW.
I am very afraid they are going to put this on my credit report and I have good credit. These illegal PDL and CA are ruthless and it is very scary that they are allowed to get by with this. I know this loan is illegal, have very accurate proof the principal has been paid back beyond what I borrowed but the credit report is my main concern.
My main question is, if they do report this to the credit bureaus, will I be able to get it removed as they are illegal? PLEASE help me. Any and all help will be so appreciated. I am losing sleep over this.
This past week I got a letter from SHW offering me to settle the debt and gave me options. I again sent them the DV letter and today they sent me a certified signature required letter stating they had the right to collect the debt and I owed it.
They will NOT go away yet they refuse to give me what I ask for. How can I make them stop? I have contacted PayDayWiz.com directly via email and mail. The signature required letter came back from PDW stating they were not at the address they have listed on their website. They emailed me back stating I need to contact SHW.
I am very afraid they are going to put this on my credit report and I have good credit. These illegal PDL and CA are ruthless and it is very scary that they are allowed to get by with this. I know this loan is illegal, have very accurate proof the principal has been paid back beyond what I borrowed but the credit report is my main concern.
My main question is, if they do report this to the credit bureaus, will I be able to get it removed as they are illegal? PLEASE help me. Any and all help will be so appreciated. I am losing sleep over this.
They have broken the law, and you now have proof. You really sho
They have broken the law, and you now have proof. You really should sue them for non-compliance of the FDCPA, you could sue for up to $1000.00. I bet a consumer attorney would take your case on a contingency basis. You might try to locate one at the link below:
http://www.fairdebtforconsumers.com/
Thank you so much Shazzers. I will do that. Do you think they
Thank you so much Shazzers. I will do that. Do you think they will put it on my credit report? If they do, will the agencies remove it since it is an illegal loan?