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Im in NC and have a PDl in default with money tree

Date: Sun, 10/24/2010 - 17:58

Submitted by anonymous
on Sun, 10/24/2010 - 17:58

Posts: 202330 Credits: [Donate]

Total Replies: 6


I received a letter from Collection Professional Services saying I needed to pay 2776. within 35 days on a 400 pdl that was initiated 11/06. I live in NC. I paid 544 in fees on this account and accelerated fees were added just before the account was closed on 1/07 in the amount of 2264....It was listed as charged off 2/23/07. Not sure what to do at this point. Is this collection legal?


Quote:

Originally Posted by Shazzers
Payday loans are prohibited in your state, period, so this collection agency is attempting to collect on an illegal loan. I would tell them that and file complaints about this matter with your attorney general, the FTC and the BBB.



I have 3 pay day loans and one of them says he can charge me with fraud, stolen money, and something else if i dont pay and can be arrested is this true.


lrhall41

Submitted by on Mon, 10/25/2010 - 11:05

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