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PDL defaults as of August 31

Date: Mon, 09/18/2006 - 14:45

Submitted by jnmeads
on Mon, 09/18/2006 - 14:45

Posts: 40 Credits: [Donate]

Total Replies: 30


I defaulted on pdls as of August 31. I live in NC. So far GWFin considered my PLD paid in full. Paychecknow settle for $60, CRI settled for $75. I haven't heard from many of the PDLs. 500FastCash,USA Payday, FSM, United Cash loans, and Arrowhead, hasn't responded.
Instant Cash Till Payday and Rio Resources would not considered the loan paid in full. I don't know what they will do.
Anyone else from NC have experience with PDLS.


Yes, I used the template. I am in the process of filing complaint with AG office. I only had a few loans to pay principal on. Most of the loans, I have been paying for since February and April.
How long does it take for them to respond? Do you think since I have paid more than the principal on most of the loans, that they will not try and get the money?


lrhall41

Submitted by jnmeads on Mon, 09/18/2006 - 14:55

( Posts: 40 | Credits: )


Xpress Cash responded almost immediately to my complaint to the AGs office and marked me paid in full. Cash Supply wants to argue (fine with me), today Bahama's Mktg called me making outrageous threats with a pdl with ASAP (I'm not phased), VC Funding and ameriloan have yet to respond, I filed my complaint almost 2 weeks ago. It may take some time to get a response, but I'm not going to fall for the threats in the mean time, I am going to stand my ground because I have paid way more than the law allows ($630 on a $300 is about $275 over what the law allows in OH) Hang in there!


lrhall41

Submitted by WHEREAMI? on Mon, 09/18/2006 - 14:58

( Posts: 5263 | Credits: )


I have PDLS with Nationwide Cash, Route 66 and Paragon. They are now calling and harassing. Nationwide is threatening to sue my company because I supposedly went thru their email. What templates/letters do I need to send them to get them to quit. Also I live in Florida how do I find out if what they are doing is legal? Please help!!! this is getting very scary! One lady left me a voicemail that my appointed attorney needed to contact her and if not I would be sorry for what was about to happen!


lrhall41

Submitted by Leivah1 on Mon, 09/18/2006 - 20:19

( Posts: 8 | Credits: )


I had 7 payday loans thought I had them all paid off then I get a call saying there were working on paper work to issue felony fraud warrants for a loan I over looked it was 500.00 from American Web Cash they say I owe over 3500.00 this is coming from Fredrick D.Kelly attorney at law houston Texas. I am in Arkansas is american web cash have a licence to grant loans in arkansas and I heard that arkansas had limits to what the total of fees can be on a loan? I have e-mailed and offered the company 500.00 to close this matter out. The lady I spoke with at the law firm was rude and leveled many threats.


lrhall41

Submitted by on Tue, 09/19/2006 - 06:42

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Isrocky...First you must send them this letter to validate the debt. Send it Certified with Return Receipt Requested (CRRR).
Do not let them intimidate you with threats. Also you can include a Cease and Desist that will stop the harrassing phone calls!
Quote:

Initial Debt Collection Dispute Letter

Today's Date

Your Name
Your Address

Collector's Name
Collector's Address

Dear {insert name of collector or company},

I am writing in response to your (letter or phone call) dated {insert date}, (copy enclosed) because I do not believe I owe what you say I owe.

This is the first I've heard from you, or any other company on this matter therefore, in accordance with the Fair Debt Collection Practices Act, Section 809(b): Validating Debts:

(b) If the consumer notifies the debt collector in writing within the thirty-day period described in subsection (a) that the debt, or any portion thereof, is disputed, or that the consumer requests the name and address of the original creditor, the debt collector shall cease collection of the debt, or any disputed portion thereof, until the debt collector obtains verification of the debt or any copy of a judgment, or the name and address of the original creditor, and a copy of such verification or judgment, or name and address of the original creditor, is mailed to the consumer by the debt collector.

I respectfully request that you provide me with the following information:

(1) the amount of the debt;
(2) the name of the creditor to whom the debt is owed;
(3) Provide a verification or copy of any judgment (if applicable);
(4) Proof that you are licensed to collect debts in (insert name of your state)
Be advised that I am fully aware of my rights under the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. For instance, I know that:

because I have disputed this debt in writing within 30 days of receipt of your dunning notice, you must obtain verification of the debt or a copy of the judgment against me and mail these items to me at your expense;
you cannot add interest or fees except those allowed by the original contract or state law.
you do not have to respond to this dispute but if you do, any attempt to collect this debt without validating it, violates the fdcpa;
Also be advised that I am keeping very accurate records of all correspondence from you and your company including recording all phone calls and I will not hesitate to report violations of the law to my State Attorney General, the Federal Trade Commission and the Better Business Bureau.

I have disputed this debt; therefore, until validated you know your information concerning this debt is inaccurate. Thus, if you have already reported this debt to any credit-reporting agency (CRA) or Credit Bureau (CB) then, you must immediately inform them of my dispute with this debt. Reporting information that you know to be inaccurate or failing to report information correctly violates the Fair Credit Reporting Act ???? 1681s-2. Should you pursue a judgment without validating this debt, I will inform the judge and request the case be dismissed based on your failure to comply with the FDCPA.

Finally, if you do not own this debt, I demand that you immediately send a copy of this dispute letter to the original creditor so they are also aware of my dispute with this debt.



Signature here
Your Printed Name


lrhall41

Submitted by erzeke1 on Tue, 09/19/2006 - 09:21

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I hope it the last time I will have to deal with pdl's ever I have been through it twice...thought I was done.


lrhall41

Submitted by on Tue, 09/19/2006 - 12:44

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Rio Resources uses a company named United Legal Corp, they say they will not deal with a credit counseling service and will not accept payment plans, they will ask for your checking account info or credit card info for payment, DO NOT GIVE THEM ANY FURTHER INFO, Press them for a physical address to send the money order to, they will offer western union or moneygram options, however I have been told they can dispute receiving the money that way and the best way to pay is to us the good old snail mail, and money order system. Don't be afraid of them.


lrhall41

Submitted by Pauli'sGirl on Tue, 09/19/2006 - 13:08

( Posts: 344 | Credits: )


when i tried to call them to deal directly they said they couldn't I'd have to deal with frederick D. Kelly law firm in Houston then I asked what the physical address that i was speaking to and they said costa rica!


lrhall41

Submitted by on Tue, 09/19/2006 - 14:07

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Thanks Tammy. ameriloan has been paid a total of $875 on my $300 pdl. I live in OH, they are not licensed. I filed a complaint with my AG about 2 weeks ago, not hear anything from Ameriloan That is the address I have for them as well. Not sure why I haven't heard anything yet, ASAP had their goons call me yesterday, now the "goons" at Bahama Mktg. won't take my calls, I think from the conversation I had with them, reading the all the laws they were breaking and the mandatory sentcing for felonies such as extortion. We'll see. Thanks.


lrhall41

Submitted by WHEREAMI? on Tue, 09/19/2006 - 14:10

( Posts: 5263 | Credits: )


I would say you have way overpaid ameriloan and I wouldn't give them another dime. Keep fighting and filing those complaints. I'm sure you've read postings where certain pdls are being banned from doing business in certain states. With all of us banning together, my hope is that one day these places will be shutdown.


lrhall41

Submitted by Not so Lucky on Tue, 09/19/2006 - 14:17

( Posts: 3041 | Credits: )


ASAP is using Bahama's Mktg as a collector. I've posted my interactions with these two idiots trying to scare me yesterday. I have ASAP's address and other contact info. Did you fight your internet pdls that you paid more than legal interest on and consolidate the others you hadn't paid enough on the principal?


lrhall41

Submitted by WHEREAMI? on Tue, 09/19/2006 - 14:51

( Posts: 5263 | Credits: )


I thought I was done till I got that call the other day is there anyway I could owe 3551.00 on a 500.00 loan??


lrhall41

Submitted by on Wed, 09/20/2006 - 14:44

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A pdl from american web cash.com when i called them directly they said i was talking to costa rica


lrhall41

Submitted by on Thu, 09/21/2006 - 08:13

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I too have fallen into the pdl trap. with the help of family and loved ones, I'm still working my way out of this hell. at one point I had ~12 pdl out -- now I'm down to paying off four of them and it is finally a manageable situation.

now, for my question -- the "monster" pdl that I have to pay off is for a $300 pdl that I took out on 3/14/06 from Arrowhead Investments. It was an online pdl. Although I keep all of my records from them, which were exchanged over their website and my email, I have no record of an actual agreement with them. I never paid them anything back, since I had to close the bank account that I was using at the time.

Now, they've called (this is the second collector for this debt) and say that I must pay $820 (on a $300 debt) within two hours through MoneyGram. Otherwise they will refer it to an attorney and tell me that I can be sued for much more than that, based on the agreement (which I never saw), and that the cause of action will have to do with "fraudulent transactions" of some kind. They also threatened to run some kind of check on me to see if I have other returned checks.

Not to mention -- the first collecter Arrowhead retained for this (some outfit in FL going by the name of "United Federal Department" -- scary!) would not tell me who the original lender's commercial name was (i.e., Arrowhead Investments, they'd only say it was "EP Processing"). Nor would they tell me the original loan amount, the reason why I supposedly owed $820 on it, or provide me a copy of the agreement. When I failed (refused) to respond, they threatened similar legal action as the current agency that is described above. The new collection agency calls itself Bass Associates or Bass Enterprises (they used both during several conversations with their staff), and basically it sounds like an outfit with several nasty women who acted like they didn't care whether I respond or not -- that their client will get more money from me if they sue me, and they accused me of being rude (even hung up on me) when I asked them for a physical mailing address to send a money order (per advice I saw on this site) and a copy of the agreement.

I am not disputing that I owe this debt, I simply dispute that I owe them $820 on a $300 debt. I would like to pay them back what I owe, but can't get any straight answers out of anyone. Any advice?

Can they run a "check" on me to see whether I've got other returned checks on my record? What would they do with that information? Can they get access to my new bank account? What can I expect to happen if I do not send a MoneyGram within two hours for $820??!!!

Thanks!


lrhall41

Submitted by atwood on Mon, 09/25/2006 - 11:31

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Hi atwood, your situation sounds complex. This is what I will do.

Search on the phone number of Arrowhead investments in this forum. Contact them directly and ask about the status of your loan account. If you have a legitimate loan with them, they should be able to give you its details. Even if the account is sold off to outside collector, they must give you this information too. Propose your payments so that you don't have to deal with the collectors misrepresenting your information and make money on false grounds.


lrhall41

Submitted by keystrokes on Mon, 09/25/2006 - 13:37

( Posts: 495 | Credits: )


Has anyone tried calling the original PDL to settle the debt? ASAP FUNDING has referred me to I Collect
then I Collect to Bass. I really don't want to deal
with the Horrible Collectors/Litigator/Investigators.


lrhall41

Submitted by on Thu, 04/12/2007 - 20:42

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Island Girl, Who do you have a loan with and what state are you in?


lrhall41

Submitted by KYSIDE38 on Thu, 04/12/2007 - 20:53

( Posts: 2477 | Credits: )


Hi kyside38,
My loan is with asap funding, i live in washington state.any help?


lrhall41

Submitted by on Sun, 04/15/2007 - 00:48

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