Perhaps a solution of sorts-something that is better, but not perfect-could come from more modest reforms to the payday-lending industry, rather than trying to transform it. There are some evidence that smart regulation can improve the business for both lenders and consumers. In 2010, Colorado revised its payday-lending industry by reducing the permissible fees, extending the minimum term of a loan to six months, and requiring that a loan be repayable over time, instead of coming due all at once. Pew reports that half of the payday stores in Colorado are closed, but now everyday payday borrowers are paying 42% less in fees and defaulting less frequently, with no reduction in access to credit. “There’s been a debate for 20 years about whether to allow payday lending or not,” says Pew’s Alex Horowitz. “Colorado shows it can be much, better.”
I recently been scammed by a company called Brinkmen Alliance Group threatening that I do not pay them I’m going to get papers at my employer and home and that will have to appear in court and that my 2 cases against me are pending litigation. They are also a third party who is trying to collect a debt for a creditor that is not my original creditor (they state both the original and current creditors on the statement they emailed me) that is a bogus company. They are trying to collect a debt from me for a payday loan that I did not pay from 2005. Statute of limitations for debt collections in PA is 4 years for promissory notes. Brinkmen’s contact info is:
In a high-education system that is often divided between two and four-year colleges and further segregated between elite and nonelite institutions, it’s not often that a college college is mentioned in the same breath as the Ivy League campus. Nor is a two-year college as a training ground for jobs in the so-called creative economy, which includes industries such as design, fashion, and computer gaming that typically require bachelor degrees.
with a case # So I immediately called back and a lady answered as “United” and asked for my case #. I gave it to her and she said I owe for a PDL from Sept 2011 with ACE. I do not remember having a loan with them. I have had PDLs before and thought I’ve forgot about it. I Todd them I’m on maternity leave and have no income. Then she transferred me to her supervisor because she was monitoring the call and wanted to try and work something out with me. He asked if Ihad people I can borrow the money from because if it does not get paid I will go to court and be charged with fraud check. Scared the crap out of me! So he said I can pay $ 150 by Jan 25th and the rest by Feb 22. I asked why I never got anything in the mail. He asked if the address he had was right, it was an address that I moved out of in June 2011. So he said that’s why. He said I had to get the payment plan with a debit card. I was stupid and gave it to him. The last few days I’ve been thinking about it because I just did not remember this loan. Then I remembered that in AZ they have no real payday loans, they were outlawed in 2010. Now they give you a loan off your car registration or title. So if I defaulted then they would have come and taken my car. Also, IF you give them a check it has to be a voided check. So how can I have a bad check if they can not cash it being that it was voided? So … .does it sounds like my situation is also a scam? If so I probably need to cancel my card.
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.
I was called yesterday and the call said that my payday loan was in default. If I did not pay the amount they would send me to court. Can i go to jail !? They kept using the term “financial fraud” which freaked me out! I did not pay the amount yesterday so they said I would get served today. What’s going to happen? Can I get I jail for this !?
I would need that same number when I was in jail..I told her it was BS and I would not discuss further without proof in writing. I have paid off EVERY loan that I ever took out..none defaulted … and I kept the papers stating the fact!
better thanks for educating me on this scam.
It’s been gettng calls from a guy who calls hisself jack but is clear from overseas because I can barely understand anything he says. he has gone so far as to call my job ann tell my boss that the company i work for is goin to be held liable for this debt oh yea this guy is supposedly with a law firm. my boss told them last week if they called back i would be terminaed they would not get any money from me .this did not phase him so tuesday he called back they told him the samething so he called my cell phone wantedin me to verify my I did not have a lot of cursed him out with a few racial friends hang up.so then I got a call from another guy clearly not american tellin he was the sheriff of my county they were coming to my work I have been told to serve on my request I gave him one 4 states away so he says do not u speak to? lmbo i said who said the sherriff of my county i just had to ask what county that would be and i was givin some word ive never heard. so after a day of theatrical injury to the loss of my job and 3 felony charges for supposedly getting money from payday usa i am waiting for my sheriff to return my call so i can tell him of this thing impersonate an officer. i work hard for my money and noone is going to harass me like this i’m not stupid so my advice to the scammers scam you own country come here tryin to steal from us hard workin honest folks. and did i mention this trash called my moms and told my 12yr old girl to suck her d ** k !!!! these ppl need to be stopped b4 they meet the end of my shotgun !!
Just got a call from a place called themselves Capital Services. A bit aggressive, had my information, what banking bank has and social security number. I run my credit reports every year. These people said they were representing SJM Marketing for a payday loan I took out in 2009 and was defaulted. I have not seen any such place on my reports. They had my address, but not the one I was living in at the time. They had my wife’s new email address, that she did not have at the time. Their number is 646-354-2096.
USA Today tallied the heavy-handed Trump litigation strategy back in June 2016. Over three decades, Trump fought 3,500 lawsuits-and faced 200 mechanic’s-mostly arising issues from disputes over unpaid bills. His strategy was to contest everything, and never quit: “The Trump teams financially overpower and outlast much smaller opponents, draining their resources. Some just give up the fight, or settle for less; some have ended up in bankruptcy or out of business altogether. ”
They are scammers calling from India with spoofed numbers to appear as though they are within US. Since they are out to get you, well you get them instead. Next time they call just loud air horn in the phone. They never dare call back. They are usually looking for someone to victimize easily and they get it that is not you.
My husband and I filed bankruptcy due to unforeseen circumstances and we had an outstanding payday loan. My attorney explained to us that a payday loan is treated as an unsecured debt and would file the papers and there was no need to worry about this because it would be included in the bankruptcy as unsecured. Needless to say I got a very dangerous call from a company called US Capital Management (855) 596-0411. They said they represented MYMONEYCHEST.com and they would see us in court for a balance. I asked the woman to contact my attorney and they said they could not because they are just the middle man in this. I told her if there is a balance and we are currently in a bankruptcy, there should be no reason they could not reach out to our attorney. I called my attorney and he said to have them call him. They will not! They told me that they were going to serve me papers at my job. Is this possible? Can they do that? I can not get them to give me any paperwork about this balance owed.
consumers, is going too far. Under the plan it is now considering, lenders would have to make sure that borrowers can repay their loans and cover other living expenses without extensive defaults or reborrowing. These actions would really seem to curtail the possibility of people falling into debt traps with payday lenders. But the industry argues that the rules would be put out of business. And while a self-serving howl of pain is precisely what you would expect from any industry under government fire, this appears, based on the business model, to be true-not only would the regulations eliminate the very loans from which the industry makes its money, but they would also introduce significant new underwriting costs on every loan.
ERVIN BANKS: I do not see anything wrong with them. I had some back bills I had to pay off. So it did not take me too long to pay it back – about three months, something like that. They are beautiful people.
Now, we should say, that when you are an academic study of a particular industry, often the only way to get the data is from the industry itself. It’s a common practice. But, as Zinman noted in his paper, as the researcher you draw the line at letting the industry or industry advocates influence the findings. But as our producer Christopher Werth learned that it has not always been the case with payday-lending research and the Consumer Credit Research Foundation, or the CCRF.
They ARE scams. Offshore scammers who threaten you and your family. I’m threatened to have my CIA brother in law “hellfire down on them and their families that they wish they were never born!” Taken from the scene where Tom Cruise talks to the terrorists in the movie ‘tropic Thunder ‘. I’m going to call them every day until eternity threatens them and their families with serious bodily harm and of course they will just disappear when the CIA catches up to them! Lol!
DURBAN, South Africa – Ronald Louw was a human-lawyer lawyer and professor at the University of KwaZulu-Natal, the South African province, which is one of the most affected areas of the world, so he must have known about the dangers of the virus. In April 2005, he was taking care of his mother, who had been diagnosed with cancer, when he realized he had a cough that would not go away. He went to a doctor who treated him with antibiotics.
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caller states they will be taking legal action, that the sheriff will be at my house or work place to serve me with papers. Knows my address and date of birth and employer. Says I owe $ 1,100.00. He says I can have my lawyer can him. He speaks with a foriegn accent and sounds exactly like the guy who called 2 months ago for another company threatening the same thing. I paid the debt last time I got SCAMED? The name the guy gave was Mr. Flood and number was 310-999-0442. Please help me !!
Reg – This is a common tactic that is used to scare you into pay without questioning the validity of the debt. There are laws in place that protect you from debt collectors and they have to abide by those laws (if they are legitimate and not scams). For more on what to do and say when a debt collector calls, this resource will help: What to Do if Debt Collector Calls
We had a call from Marshall & Fields law office in California, they said, demanding attorney info on an old loan back to 2009 from paydayone, well that has been paid for, then they wanted info, then they called my brother as he was listed I’m sorry, they gave me a number to call back to 740-364-0537 ,, they guy couldnt speak any english but ask the info he asked well i hang up and wait for the next call ,, I hope he understands english as he is going to get an earfull
The Illinois Attorney General’s Office says the bogus debt collectors have heard about using various names, including: Morgan & Associates, Federal Bureau of Investigators, DNR Recovery, DNI Recovery, Legal Accounts Association, Department of Law and Enforcement, CashNet USA , American Legal Services, Quick Cash, and ACS. If you hear from any of these companies, be sure to report them immediately to your state Attorney General’s office and the Federal Trade Commission
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.
DUBNER: Obviously the history of lending is long and often, at least in my reading, tied to religion. There is a prohibition against it in Deuteronomy and elsewhere in the Old Testament. It’s in the New Testament. In Shakespeare, the Merchant of Venice was not the hero. So, do you think that the general view of this kind of lending is colored by an emotional or moral argument too much at the expense of an economic and practical argument?
was fishy and it was a scam this guy was rude threating and harassing me to pay $ 920 i want to find this guy and charge him with threatening and harassment and i know i can tell if anyone has the same problem or is sueing him please and thank you
I thought it was his first name that he was a process server and that ii was being prosecuted for fraud on a payday loan this person also called my family members and told them the same thing she said she was calling from ACS litigation i called and gave the I did not know what to do, but I did not have to say that they would like to have me. They also said when they tried to get paid the bank account was close and they said this was back in 2007 the number they used is 866-574-8858 they also said they would prosecute does anyone anything or can help me
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.
The Credit.com team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We will not tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things related to money and finance we think are interesting and want to share.
• Do not let one of these companies scare you into making payments if you’re not sure you owe the debt. In most cases, collectors must first take you to court and get a judgment before they can go after your pay or property. (If you live in Minnesota, however, read this warning.)
told him he had been reported to the authorities and they were investigating. He yelled at me and said something to the effective having his “balls to my throat and how did I like that” then hung up. I have heard and more. I’m terrified to go to work. The numbers are a NJ number starting with a 973 area code and the company number starts with 646 (NY). Beware!
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