PDL turned over to NCA Collection agency.

Date: Mon, 09/03/2012 - 12:39

Submitted by anonymous
on Mon, 09/03/2012 - 12:39

Posts: 202330 Credits: [Donate]

Total Replies: 2

I had a internet pdl with pepper cash for $750 which I paid $1568 prior to closing my account. I sent the letter stating they were not licensed in the state of Florida and the loan was not legal. I received a response stating they were a tribal lender, etc. The account has now been turned over to National Credit Adjusters. I received a letter from them 2 days ago stating I could pay the balance of $230.00 and other charges could apply for interest, late charges etc. These charges could vary from day to day and the amt on the day I pay may be greater than the $230.
I will send a C&D letter but I'm not sure what to expect next. Could they take me to court. I can't imagine they will drop it just because they receive a C&D letter. Also noted in their letter was, if I paid the charges they would remove from my credit report if it had been reported.
I appreciate any information anyone can give me and if they are familiar with NCA what I can expect.
Thank you.

If they take you to court the defense is that it is an illegal l

If they take you to court the defense is that it is an illegal loan. NCA is a bottom feeder agency. Send them a C and D and they will shut up. They came after my father for illegal loans a few months ago and I sent them a simple cease and desist (RR requested) and they have not contacted us since. I highly doubt they will not take you to court though. They buy this debt for next to nothing and then they try to collect on it assuming the people who had the loan out don't know any better (which is mostly true and the people cough it up)

lrhall41

Submitted by waffles on Mon, 09/03/2012 - 12:53

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Use this letter...should take care of them. Even if they attemp

Use this letter...should take care of them. Even if they attempted to sue which, you have a defense the lender is not licensed and the contract is dirty.

Dear National Credit Adjusters.

I hereby demand that you cease and desist any and all contact with me and anyone assoicated with me in regards to account # _____________, original credditor __________________________. You are collecting on an tribal loan, a lender who is not licensed in my state of __________ or any other state for that matter. The loan document is null and void.

Govern yourself accordingly

lrhall41

Submitted by SOAPLADY on Mon, 09/03/2012 - 12:55

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