VIP dealings/ AS & S Assosciates - HELP!

Date: Tue, 11/17/2009 - 10:26

Submitted by anonymous
on Tue, 11/17/2009 - 10:26

Posts: 202330 Credits: [Donate]

Total Replies: 3

I got a call from someone over at AS&S Associates. I defaulted ( and by defaulted I mean blocked them from charging my account since I'm from NY) on a VIP loan and the account is now with AS & S. I called VIP after i spoke to this woman and they said it's out of their hands and I can only deal with AS & S.

My original loan was for 400. Now AS & S says I have to pay them 959 dollars right away or they are sending my account to court.

They didnt even give me an option to settle the account in payments. I have no idea what I can do now. Suggestions?

Lucky for me, I start a new job on Monday with a new company and they don't have that information.

i answered the query on the other thread.please see response.

lrhall41

Submitted by paulmergel on Tue, 11/17/2009 - 10:33

( Posts: 15514 | Credits: )

Well, according to the Fair Debt Collection Practices Act this c

Well, according to the Fair Debt Collection Practices Act this collection agency now has 5 days to send you a letter of collection in the mail! Call them back and tell them that. IF and WHEN they send you a letter of collection in the mail you will then have the opportunity to request validation of the debt, and you SHOULD! You will have 30 days from the time you receive this letter of collection to send them a letter, certified return receipt requested, to validate this debt. Type in "validation letter sample" in the search box of the forum located in the upper right hand corner, then you will have a sample letter to use to request validation, and a better understanding of how it works.

They can't sue you for an illegal debt, and I would tell them so. They can try, but when it comes down to going to court, I would make sure you take all correspondence in the past between you and this payday lender, keep a journal of the phone calls you make and receive to the collection agency. Also make notes about what the conversation consisted of, and a copy of your payday loan laws. A judge would laugh them out of court.