One Step Cash and National Recovery Services
Date: Mon, 06/07/2010 - 14:01
As per 28-46-402 of Idaho Code, "No person shall engage in the business of payday loans, offer or make a payday loan, or arrange a payday loan for a third party lender in a payday loan transaction without having first obtained a license under this chapter. A separate license shall be required for each location from which such business is conducted."
One Step Cash is not licensed to lend in Idaho. After discovering this, I notified the company that I had actually overpaid my debt by about $90, with renewals, but was willing to waive a refund in exchange for marking the debt paid in full. They didn't respond, so I assumed the company accepted my terms. In late May, I received notification from National Recovery Services that they are collecting this debt. I explained the loan was illegal and paid, but they have reported this debt to Transunion and persist in contacting me despite requests not to, which is violating the Fair Debt Collections Practices Act. I feel both companies are acting illegally in this matter. I know I can sue NRS for violating the FDCPA, but is there some way I can force either company to remove the debt from my credit report and give written notice of settlement? I have reported both companies to their respective Better Business Bureaus and notified them I have done so.
So, is there anything else I can do? Thanks for any help.
One Step Cash is not licensed to lend in Idaho. After discovering this, I notified the company that I had actually overpaid my debt by about $90, with renewals, but was willing to waive a refund in exchange for marking the debt paid in full. They didn't respond, so I assumed the company accepted my terms. In late May, I received notification from National Recovery Services that they are collecting this debt. I explained the loan was illegal and paid, but they have reported this debt to Transunion and persist in contacting me despite requests not to, which is violating the Fair Debt Collections Practices Act. I feel both companies are acting illegally in this matter. I know I can sue NRS for violating the FDCPA, but is there some way I can force either company to remove the debt from my credit report and give written notice of settlement? I have reported both companies to their respective Better Business Bureaus and notified them I have done so.
So, is there anything else I can do? Thanks for any help.
You should also report them to Idaho's Department of Consumer Af
You should also report them to Idaho's Department of Consumer Affairs, and the Idaho attorney general.
Dispute it on your credit report to the three major reporting bu
Dispute it on your credit report to the three major reporting bureaus, in your dispute, make it known they are unlicensed lenders.
Thanks for the suggestions. I will file a complaint with the Dep
Thanks for the suggestions. I will file a complaint with the Dept. of Consumer Affairs and dispute them as unlicensed lenders. I've already filed a complaint with my state's attorney general.