Payday Loan

Date: Wed, 06/23/2010 - 22:46

Submitted by anonymous
on Wed, 06/23/2010 - 22:46

Posts: 202330 Credits: [Donate]

Total Replies: 2

I was recently contacted by a company named IAG, they asked me if I had been served and that I owed CashNet USA an outstanding loan. Although they did not get my name right the first time, I corrected them because I thought they were a legitamite agency, after all they specified that they were investigators hired to track me down either offer settlment for their clients, CashNet USA, or recommend to be served. They have mislead me by saying that they were located within the legal department and have threatened to serve my references. My question is..are they allowed to state that they are not a collection agency? Are they allowed to serve my references? Can they threaten to tack on 1200% to my original loan? Are they allowed to use language as to suggest slander against me, curse at me, "they don't give a sh*t, and what the hell is wrong with me, do I ask everyone who they are and where they work"? CashNet USA does not know them and sold my information to another third party company, whose number is disconnected. I told IAG that I was more than willing to pay the loan it just was too much of a lump sum. $1162. They are threatening $5500 by CashNet USA if CN usa has to take me to court. Is this legal? I live in the state of Arizona. Furthermore, I have not received any letter or written statements by this company. They have also informed me that they've have only had the account since the beginning of June. I do not know the right course of action. I feel harrassed, belittled, and embarrassed and defeated. I'm in the process of paying down my debt to the world, this is not needed or wanted. Please give me your best professional advice.

According to the Fair Debt Collections Practices Act (FDCPA), no

According to the Fair Debt Collections Practices Act (FDCPA), no collection agency (CA) is supposes to harass you over the phone, and uses abusive languages. The CA cannot even threaten to you in order to collect the debt. If they do so, they are in 1. If the CA violates FDCPA, you can file a complaint with the Federal Trading Commission.

Moreover your lender does not know them. You should thus file a complaint with your State Attorney General. Pull a copy of your credit report to check who holds your account.

lrhall41

Submitted by SC on Thu, 06/24/2010 - 03:13

( Posts: 3937 | Credits: )

This seems to be happening more and more, I have noticed. There

This seems to be happening more and more, I have noticed. There have been several members with similar situations, all with the original creditor being Cashnetusa. This really concerns me, because Cashnetusa has a good reputation and are legal lenders, so how are these back alley collection agencies (if that is what they are) obtaining all this personal information?

Not long ago, a member stated that a "collection agency" called her and harassed her about a defaulted loan with Cashnetusa, but when she called Cashnetusa they stated they had no knowledge of this collection agency. So, something just isn't right here, it still brings about the question of how has all this personal information has fallen into the hands of a back alley "collection agency"?

I really think you should contact Cashnetusa and let them know how you were treated, if they claim they have no dealings with this "IAG" then you need to pose the question of how did IAG obtained your information! Please file a complaint with the FTC and your attorney general's office because something very shady is happening, and it needs to stop.

lrhall41

Submitted by Shazzers on Thu, 06/24/2010 - 03:24

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