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pay day loan collections

Date: Thu, 03/11/2010 - 11:38

Submitted by trujilt
on Thu, 03/11/2010 - 11:38

Posts: 21 Credits: [Donate]

Total Replies: 3


obtained 3 different payday loans that turned out to be illegal in my state of California. I closed my acount and have defaulted on them but plan to make payment arrangements to pay off what I legally owe. $315 for each loan. I am now getting emails stating that the loans will be sent to NCA which I am sure they will try to collect more than what is legelly owed. What can I do at this point? I have sent an letter via email stating that I will pay off what is legally owed but have not received any repsonse.


Who did you send the letter to?

You would need to state the same thing to the collection agency when they would call you. Also make sure that the collection agency don't report the illegal pdls to your credit report. If they do so, then you would need to dispute it with both the CRAs and the CA to get those removed.


lrhall41

Submitted by SC on Sun, 03/14/2010 - 20:27

( Posts: 3937 | Credits: )


I would cross that bridge when you come to it, if these are all illegal lenders then the likelihood of it going to a reputable collection agency is slim to none. However, if you do hear from a CA, simply inform them they are attempting to collect on an illegal debt. You can always come back here to the forum and get the answers you need if and when you need to. Someone will always be around to advise you.


lrhall41

Submitted by Shazzers on Sun, 03/14/2010 - 21:34

( Posts: 17344 | Credits: )


SC, I sent the letter to the payday loan company stating the loan is illegal in this state. The companies are National Group, Vince Enterprises and Clearwater (Nakaman). I am preparing myself for the fight I know is coming. I just wanted to have the correct info. Thanks to you andShazzers for the imput. ?


lrhall41

Submitted by trujilt on Mon, 03/15/2010 - 15:03

( Posts: 21 | Credits: )