of a group called the Consumer Credit Research Foundation, or the CCRF, which is funded by payday lenders. Now, to be clear, Ronald Mann says that CCRF did not pay him to do the study, and did not try to influence his findings; but neither does his paper disclose that the data collection was handled by an industry-funded group. So we went back to Bob DeYoung and asked whether, maybe, it should have.
• Ask the collector for the name and address of the collection agency for which he or she works. Then ask him to send you written information about the debt. Any legitimate debt collection agency will do this because it is required under the federal Fair Debt Collection Practices Act.
Now that I’ve done a little research, I know that “Anthony Davis” who claims to be an attorney is a scam. See, I’m a legal assistant and have been in collections before and know the law. When this man told me that he would contact my employer to pay my bill, I said, “You have to take me to court, get a judgment and then garnish my salary” To this there was no response. Mr. Davis also told me that I would be “arrested” if I did not pay this debt. He calls incessantly: to my job and my cell phone. Thanks goodness he does not have my home phone number. Then I asked, “To whom do I have this debt?” He replies, “The company I represent owns many, many companies such as Cash Net USA, Speedy Cash. . “However, he did not tell me to whom I owe the debt and the amount of the debt. At first I was scared because I have defaulted on PDLs in the past, but ALL collection practices are governed by the Fair Debt Collection Practices Act (Federal Trade Commission): http:
Call went to my MIL’s house. Phone number was 877-334-5288. Said they needed me to call before 5 p.m. I called them, they started the whole laughter about I had an old payday loan and was going to be charged with frud, malicious intent, etc. I stopped the guy and asked for his company name and address and he hung up on me. LOL Think I’m going to call back and try again for the hell of it.
He does not want direct bank transfer and does not want money orders as both will leave paper trails right to him. He just wants us to get a pre-paid debit card from the store and put the money on it.
You need money, and you need it fast. We’ve all been there – We know it’s like there’s nowhere left to turn. Whether it is an emergency situation or an unexpected expense, that’s where Cash Advance® comes in. We provide a free service that aims to quickly connect customers with lenders that offer loans that may work for them.
call from Niagra Capital Services Inc. About a loan from 2010 when I lived in New Jersey. He said he has a legal complaint about me. He has my new phone number, where I used to work as well as my new address in a different state. He said with interest I owe about $ 1,500, but will settle for $ 560. I asked him to email me the info, (since he has my email address) I have taken the name of the payday loan company that I took out the loan with. I remember that I paid hundreds of over what I borrowed. I emailed him back and asked for the original paperwork associated with the loan. I did some research and found that payday loans are illegal in the state of New Jersey. It’s been over 4 years. What can I do?
Same phone number only was a Tina, wanted to pay me $ 690.00 to pay off pay day, asked for the original bill said they didn; t have it, gave me 1 week then garnishment called my lawyer yet to hear back.
Not having the money to pay a debt is not a crime. It sounds like you’re dealing with scammers. The advice I gave in the articles below to your situation. Start with step # 1 and insist they email your written statement of the debt that is required by federal law. (Do not be intimidated by the fact that they have a lot of information about you – that’s very common with payday loans.)
Jason – It absolutely sounds like the classic overseas payday loan scam. Do not send them a penny. Remember, in the US a debt collector is required to send notification of the debt to you in writing. If he does not, he’s breaking the law. Report these guys to the FTC and your state attorney general.
I received several calls from a donna mitchell she gave me a phone number to call 877-882-2435 with a case # i call tehm tehy say the are NCR (National Check Resolution) i really do not belive them when they say they are come to my place of work or my home to serve me .. i know it dosen’t happen that way i have talked to my local police officer and he said not to worry about it. But this time they sound so real .. I know i owe the money but the amout they gave me is atrocious. I just missed one payment and now they want about 800.00 when i only borrowed 350 and i’ve been paying 37.50 since may .. the lady (lisa) said i really do not care if you just pay or i just just a I do not know that it’s really good, it’s really good, it’s really good .. so i’m a little concerned i do not want to ignore it but it all sounds so weird during the whole phone call wiht lisa she kept putting me on hold. she said they would file with the clerk of court for fraud by deception .. and will only let me pay by credit card. I told her I wanted them to send me a bill in the mail and she said they told her they tried to contact me by email .. can not send by mail. I asked by mail again and to send in in payment .. I’m not sure to send them money my gut feeling does not send it to them … but my concious i know i owe the money ..
That does sound sound, does not it? A typical credit card rate is around 15 percent, maybe 20 or higher if you have bad credit. But to the payday-loan industry, a proposal of 36 percent is not reasonable at all.
The call was about a cash advance loan that I received over the computer in 2007. They said I owe $ 1500 and I had to give them at least $ 25 before I got off the phone with them or I would be arrested and have to spend $ 5000 to get out of jail, have to pay short money and get put on probation.
YP – The Real Yellow PagesSM – helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. These factors are similar to those that you may use to select from a local Yellow Pages directory, including the proximity to where you are looking, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business’s suitability for you. “Preferred” listings, or those with featured website buttons, show YP advertisers who provide information about their businesses to help consumers make more informed purchasing decisions. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page.
Ana – Do not pay a penny until you verify this is definitely a legitimate debt. Ask them to send you a written notice of the debt by mail (not email or fax). This is your right under federal law. If they refuse to call Fraud.org for advice as it’s probably a scam.
For spring cleaning this year, President Trump is looking at his Cabinet. The Associated Press reported Monday that Veterans Affairs Secretary David Shulkin is near to be removed. When Trump fired H.R. McMaster as a national-security adviser, that torpedoed a plan to dismiss McMaster, Shulkin, and Ben Carson, the secretary of housing and urban development, at once, according to Politico
serve me papers. She lives in Chicago and I live in southern Illinois. I called to see what was going on just to find out it’s a bill I’ve already paid off. The person on the phone told me that my account was just sold to them and they hired a locator to find me to serve me papers. They did not want to serve me at work. I told her it was paid off in July and she said I had to get a “Pay in Full” letter from the collector and they would drop it. I called Asset Management and they are sending me a letter. Asset gave me the corporate number for The Cash Store, I called and was told it was fraud and to stop all contact with this company. I’m still going to send in my “pay in full” letter but if I get anything from BOR again I’m going to go after them for violations of the law. This is ridiculous. I keep good records of all my payments and debts (I’ve had many over the years), I know a lot of people do not. They would have just paid them.
has been slammed with an unexpected bill and no cash on hand to cover it. If you ignore the expense, things may only get worse. But your next paycheck is still a long way away.
Diane Standaert is the director of state policy at the Center for Responsible Lending, which has offices in North Carolina, California, and Washington, D.C. The CRL calls itself a “nonprofit, non-partisan organization” with a focus on “fighting predatory lending practices.” You’ve probably figured out that the CRL is anti-payday loan. Standaert argues that payday loans are often not used how the industry markets them, as a quick solution to a short-term emergency.
In April of 2000, Christopher Walken hosted Saturday Night Live. During the show, he would insist that Will Ferrell add “more cowbell” to Blue Oyster Cult’s “Do not Fear” the Reaper “; Before that, however, he made an appearance in one of the SNL’s satirical ads. Clad in yellow-sweater and perched next to Ana Gasteyer before a roaring fire-and speaking in a classically Walkenan growl-the actor engaged in a bit of confession: “In a marriage,” he intoned, the fire crackling behind him, “Intimacy is important. Erectile dysfunction is a thief. It takes away something very precious. “Walken went on to announce that he and his fictional wife had discovered, together, the virtues of Viagra. “It worked,” he said, as Gasteyer smirked and the fire crackled and easy listening music played in the background. He paused. “It worked a lot.”
It sounds like if you’re talking to a scammer. (See 9 Signs You Are Talking to Debt Collection Scammer.) Real collectors are not allowed to make such threats (and do you really think the government insists on the payment made by a certain issuer and a certain drugstore chain). The caller is trying to get you in the way that makes your money unrecoverable once you realize it’s a scam. (See The One Way You Should Never Pay Debt Collector.)
Your mother should be contacted both by phone and by postal mail. A collective agency that refuses to do that is not complying with federal law. In such cases, we recommend submitting a complaint to the Consumer Financial Protection Bureau. You can find more information about dealing with debt collectors here:
No, contacting Social Security does not make sense unless you need to change your SSN which is not something easily done (or recommended). However, your information is “out there” so you may want to file a police report and at least place fraud alert on your credit reports.
I gotten calls from PDLR- IT’S A SCAM! Beware for Miss Berry, Miss Santiago, or Miss Stiles, who all claim to be supervisors! The said my salary is going to be garnished in 2 days, we had a very heated exchange in which Miss Berry started talking about my mother, lol. Then when I insisted on the proof of the debt, how much, and who they are, they told me that I would get an email after the 1st payment is made. Initially I thought it was a legitimate debt & gave my credit card info, but after googling this agency I’ve found it a scam. Called my bank & reported it immediately.
DeYOUNG: We need to do more research and try to find out the best ways to regulate rather than the rules that are being pursued now that would eventually shut down the industry. I do not want to come as a advocate of payday lenders. That’s not my position. My position is I want to make sure the users of payday loans who are using them responsibly and who are made better by them do not lose access to this product.
wish I had an answer for you as far as stopping the calls. You may want to find out if your company offers service that screens calls for you. (It requires callers to announce themselves and then choose whether to take the call.) Google voice does this for free. It will allow you to select which calls you can use without announcements and which you have to screen. I use Google voice and like it alot. It can do the trick for you.
I started doing research about the organization and I had checked the Better Business Bureau and had lots of complaints and rated with an “F”. I did not contact Check N Go about which company they sold the account to and it was not PDL so I’m wondering how they got my information. I had given PDL $ 25 just for them to stop calling me so much I wonder if I should have done that.
DeYOUNG: Right now, there are very little information about rollovers, the reasons for rollovers, and the effects of rollovers. And without academic research, the rule is going to be based on who shouts the loudest. And that’s a bad way to write law or regulation. That’s what I really worry about. If I could advocate a solution to this, it would be: identify the number of rollovers at which it has been revealed that the borrower is in trouble and is being irresponsible and this is the wrong product for them. At that point the payday lender does not flip the borrower into another loan, does not encourage the borrower to find another payday lender. At that point the lender’s main is then switched into a different product, a long term loan where he or she pays it a bit bit every month.
Ask them to send you a notification of the debt. They are required to do that within three business days of calling you. If they are not, they are definitely not up and up. Also, debt collectors can not make false statements. Telling you that you will go to jail for check fraud will probably fall under that category. (You can not go to jail just because you can not pay a debt) and you’re right – not paying back a payday loan is not check fraud.)
If you find some of the modern economic scenario, most people have at least one horse in every race, which makes it difficult to separate advocacy and reality. So let’s go where Freakonomics Radio often goes when we want to find someone who does not have a horse in the race: to academia. Let’s ask some academic researchers if the payday-loan industry is really as nasty as it looks.
The decline of marriage is on us. But, at least, that’s what the zeitgeist would have
There is no reason payday lending in its mainstream, visible form took off in the 1990s, but an important factor was deregulation. States began to roll back usury caps, and changes in federal laws helped lenders structure their loans so as to avoid the caps. By 2008, writes Jonathan Zinman, a economist at Dartmouth, payday-loan stores nationwide outnumbered McDonald’s restaurants and Starbucks coffee shops combined.
he was not allowed to do that since I was at a negative I told him it would go thru, so I told him I would give him my daughters debit card number she had the money and she said it was to be under my name so he told me to get a cash pak (green dot) and call him back with the number on the back. I did that and have to pay another 200 on the 16th and then the other 200.00 next month because he took 300.00 off the original price I owed. I paid the $ 100 because I was scared and did not want my husband to go to jail but I told him I wanted paperwork sent to me and he said he would send it when it was paid off but he would send me a redirect to my email and I have not got it yet. I wish I knew he was really with the Federal Crime Dept like he said he is or if he is a fraud. Cause I do not want to give him anymore but I do not want my husband to go to jail. I know we got a loan thru them but it was supposed to come out of our acct everydayday but he said they tried and it was not taken out due to insufficient funds but I can not remember wheather it was paid off or not. Does anyone know a site I can look under to see if this is fraud? Please HELP
Funny thing is, they have a website but anyone can get a website these days. They are also listed in the BBB website with a C- rating. C- because of complaints. Their website domain is via GoDaddy. Now thats classy.
her company would then move forward in garnishing my salary. If I accepted the settlement offer they would contact American Cash Advance and I would receive a paid in full letter from them. I have not received any such documentation. When I called Ms. Gilbert today to let her know I did not receive the pay in full letter from the original creditor she told me that there was nothing she could do – she did her job and that’s all she had to do and was not interested in helping me. I contacted her supervisor, Ms. Martinez (ext.260) and she told me she would look in the matter for me and return my call. I paid the amount that I was offered in the settlement because I did not want my employer to be contacted – even though I suspected this was a scam.
Freakonomics Radio is produced by WNYC Studios and Dubner Productions. Today’s episode was produced by Christopher Werth. The rest of our staff include Arwa Gunja, Jay Cowit, Merritt Jacob, Greg Rosalsky, Kasia Mychajlowycz, Alison Hockenberry and Caroline English. Thanks also to Bill Healy for his help with this episode from Chicago. If you want more Freakonomics Radio, you can also find us on Twitter and Facebook and do not forget to subscribe to this podcast on iTunes or anywhere else you get your free, weekly podcasts.
I’m sorry to hear you pay this debt! It sounds like they are the ones acting illegally. Debts included in bankruptcy are protected by the automatic stay, and once the debt is discharged to a creditor can not try to collect it.
You can do all of us should do – check your credit reports and scores regularly. Given the number of data people are required to give Social Security numbers, we are all at some risk. We wrote about somewhat similar situation here: Help! Someone Is Using My Social Security Number
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