new regulations could reduce the total volume of short-term loans, including payday loans but other types as well, by roughly 60 percent.
If you do not repay your loan, the payday lender or a debt collector can generally sue you to collect. If they win, or if you do not dispute the lawsuit or claim, the court will enter a order or judgment against you. The order or judgment will state the amount of money you owe. The lender or collector can then get a garnishment order against you.
I did not give her my new address. I know the debt is not mine and sound bogus. As my bank representative pointed out it, if the debt was real I would have noticed either the money being withdrawn or would have seen a bunch overdrawn transactions. The Account was active until last week when I closed it. So he said the only way they do not get paid is if you withdraw all your money or you close the account the loan is linked to. So that’s what’s setting off some red flags that this may be scam.
DUBNER: Hey Christopher. So, as I understand it, much of what you’ve learned about CCRF’s involvement in the payday research comes from a watchdog group called the Campaign for Accountability, or CFA? So, first off, tell us a bit more about them, and what their incentives may be.
MANN: The data really suggests that there is a relatively small group of borrowers, in the range of 10 to 15 percent, who have been extremely heavy users, whose predictions are really bad. And I think that group of people seems to fundamentally not understand their financial situation.
I’m really scared. We got this phone call from this legal processing center accusing us the 2 charges with the state and both of them are felonies according to anyone who said on the phone. That we will be thrown to jail for 85 months if we do not take care of the money … It was for a check 570 and now all the fees added up to 970 and how our case was turned to the state that is why they they call us … that they can issue a warrant for arrest if we do not care of the money …
I just wondering have anyone heard of KDE Recovery Services … They called me today about a payday loan and I hung up. The lady called me back and left a very rude message on my voicemail calling me ignorant and if I did not pay she was going to sign this affidavit and have a warrant issued to my job to be arrested. It sounds like a scam but I’m not sure they say it’s a loan I had back in 2007. They have my name, address, phone numbers and social security number. it starts to really freak me out
For a Check ‘n Go online loan the minimum loan term is 10 days and the maximum loan term is 31 days. For a Check ‘n Go store location the minimum loan term is 5 days and the maximum loan term is 31 days.
Shani – You should NOT pay a debt collector without first verifying the debt. Now that they know you will pay, they will probably intensify their efforts. I recommend you file complaints with your state attorney general office and the Federal Trade Comission. You may also have to call screening through your phone company if they will not stop calling you.
We have been scammed by these same people as aboved for the pasts 6, yrs now! They say all that stuff. I have paid them over and over. Thinking it was a different company. They just called my husband again at his work last week and cussed him out again. We only had three in the first place and now they are just making things up. They have been paid so many times We would like to be left alone.
After studying the millions of payday loans, the Consumer Financial Protection Bureau found that 67 percent went to borrowers with seven or more transactions per year, and the majority of borrowers paid more in fees than the amount of their initial loan. This is why Diane Standaert, the director of state policy at the Center for Responsible Lending, says 36 percent interest-rate cap, says, “The typical borrower experience involves long-term indebtedness-that’s core to the business model.”
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.
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?
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.
WERTH: So far, so good. But I think we should mention two things here: one, Fusaro had a co-author on the paper. Her name is Patricia Cirillo; she’s the president of a company named Cypress Research, which is by the way, is the same survey firm that produced data for the paper you mentioned earlier, about how payday borrowers are pretty good at predicting when they will be able to pay back their loans. And the other point, two, there was a long chain of e-mails between Marc Fusaro, the academic researcher here, and the CCRF. And what they show is they really look like editorial interference.
Payday loan scam – 804-728-0872 call my job asking for the manager over 100 times a day, saying, “I have to pay money from an old payday loan debt – I contacted the police about it. Used several different phone numbers to call me on, couldnt speak english well. Wanted to find out personal information about me from other people, etc. Very bad man.
solutions that satisfy both sides, and I think this is a solution that does not satisfy both sides, or could at least satisfy both sides. It keeps the industry running for folks who value the product. On the other hand it identifies folks using it incorrectly and allows them to get out without you knowing being more trapped.
DEYOUNG: If we take an objective look at the folks who use payday lending, what we find is that most users of the product are very satisfied with the product. Survey results show that almost 90 percent of the users of the product say that they are either somewhat satisfied or very satisfied with the product afterwards.
DEYOUNG: Studies that have looked at this have found that once you control for the demographics and income levels in these areas and these communities, the racial characteristics no longer drive the location decisions. As you can expect, business people do not care what color their customers are, as long as their money’s green.
Have you pulled your credit reports yet? If there was an unpaid balance from the payday loan you took out a while back, it could have been sent to the collections and increased interest interest over the years. If the account is in the collections or it is the result of a judgment against you and it has been reported to the credit bureau, it will appear on your credit report. You can get free copies of your credit report from each of the major credit reporting agencies at AnnualCreditReport.com. Keep us posted on what you find out!
we believe. In 2010, when Time magazine and the Pew Research Center famously asked Americans whether they thought marriage was becoming obsolete, 39 percent said yes. That was up from 28 percent when Time asked the question in 1978. Also, since 2010, the Census Bureau reported that married couples have made up less than half of all households; in 1950 they made up 78 percent. Data such as these have led to much collective handwringing about the fate of the embattled institution.
Hello. Just a new warning. I received a call today from a company called Legal Research Group in Houston, TX. They also called me my sister and said that if I did not pay them $ 1600 right away that I would be arrested and that there were 2 warrants out for my arrest. Their number is 832-706-3791 and the guy goes by Ryan Adams and Adam Ryan depending on which time he picks up the call. They answer “Compliance Department” and switch back to “departments”. When I asked them to email me the paperwork and detail, they said they were not allowed to. They said they would email me all the info once I gave them the payment information. When I started to challenge them on it they hung up. To catch them, I called back and said that I would go ahead and pay (just to see how they reacted). They were REALLY excited. Then I started to act nice and ask them for details that they could not give. Then I asked them for their company name and address and they just hung up. SCAM !! I called a filed complaint with the FTC.
wow. That’s disgusting, especially towards your daughter. I’d have told them “odd, I’ve already talked to my county sheriff about this, so PLEASE some over here because he really wants to meet you too! Oh, all of this is recorded and will be given to my Sheriff this afternoon while we’re sitting around waiting

Payday Advance In Rancho Cucamonga Ca

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I was upset. I looked up Money & More online to see if there was a phone number that I could call to see if I could get more information since they were the ones I did business with. The website has no phone numbers. This to me is crazy. I had made a google search for Money and More when looking for their number. There are several forums and postings about scams to collect a debt from unsuspecting people. Most people are saying too that it was from 2008.
MCKAMEY: Everybody that comes in here always comes out with a smile on their face. I do not see anyone come out hollering. They take care of everyone who comes to the T. You have been satisfied, I’m satisfied, and I see other people be satisfied. I never seen a person walk out with a bad attitude or anything.
It may not even surprise you to learn that the Center for Responsible Lending – the non-profit that’s fighting predatory lending – that it was founded by a self-help Credit Union, which would likely stand to benefit from the elimination of payday loans. And that among the Center’s many funders are banks and other mainstream financial institutions.
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In your case it sounds so much like the rest of the scams others have shared here on this post so it’s wise to keep on guard. The next time they call, try to get as much contact information about the company – including address, contact phone, name, etc. – then ask them to please provide written documentation in the mail to validate the debt. As we have stated in previous posts, this is a standard procedure when dealing with any debt collector and by law, the collector must comply with this request. If they refuse, they are breaking the law under the Fair Debt Collection Practices Act and have no right to continue to try to collect. In fact, under the Fair Debt Collection Practices Act, if a collector contacts you by phone they have 5 days in which to send you formal written notice that you owe the debt. The notice must include the amount of the debt, the name of the creditor, and your right to dispute the debt, in writing, within 30 days of receipt of the notice.
If it was legit she would have no problem giving the address to the company. She will not divulge this information as she does not want to be sued for illegal collection tactics. Ignore them and move on.
My husband got a call from BG capital they said they were in New York but who really knows. The gentleman sd he was an investigator w
I’m getting threatening call from PDL, Stacey
I am curious as to what the credit reporting companies plan to do about reporting these animals do! I can not buy a house right now because of a “loan” that I did not take that is being reported on my credit! This has to stop. They can not just mess with people like this. I had to hire an attorney!
Worse yet, she says, borrowers have almost no choice but to roll over their loans again and again, which jacks up the fees. In fact, rollovers, Standaert says, are an important part of the industry’s business model.
They are so far breaking the law. I have not received a written statement regarding the debt of these payday loans. and they have threatened dire consequences multiple times (number 5 in your article), they definitely call earlier
told me that this has already been passed that and my salary would be garnished. Stating “they have already contacted your employer and we have their tax identification number.” When asked about the “debt” they kept referring to not showing up on my credit report; I was told that it was on there and she was looking at it right now. Once I said that I was monitoring my credit, she flipped
If you did not get the right date and the date they did give I was out of the country so got there called one uncle who is a cop in the city number came from he busted 3 hindi’s man were they surprised. no time doing good in the desert and face being deported on the end of jail time, yes bubba loves her new roomies too
DUBNER: Wowzer. That does sound pretty damning – that the head of a research group funded by payday lenders is essentially ghostwriting parts of an academic paper that happens to reach pro-payday lending conclusions. Were you able to speak with Marc Fusaro, the author of the paper?
I’ve been receiving phone calls from a person who claims to be an investigator and tells me there are charges pending against me for a payday loan from 2009. He gave me the name of a collection agency (Global) that I called and they told me the same thing I really took out a payday loan in 2009 from this “money and more” online company. The loan was repaid and I even faxed copies of the bank statements showing this back in 2009. They say the copies of these statements are not in my file. And this “INVESTIGATOR” well his phone does not accept incoming calls, and he wants me to give him my address to send me sealed documents! I did not give any of my information as I see it, if he found out my cell phone number, then he can find out my address. This man was very rude, very aggressive and very threatening. He continues to call my phone 4 & 5 times a day. I do not know how to get rid of these people. This man, I do not know his name or who he wors for, he gave me no information, only that there were charges against me and my state “bad check writing laws” would be against me as well, pending criminal charges … ..I which often have internet access … but i get my e-mail on my phone, so if anyone would like to e-mail me with helpful information it would be much appreciated. Thank You
DeYoung, along with three co-authors, recently published an article about payday loans on Liberty Street Economics. That’s a blog run by the Federal Reserve Bank of New York. Another co-author, Donald Morgan, is Assistant Vice President at the New York Fed. The article is entitled “Reframing the Debate About Payday Lending.”
people had the same story about these people. So I called them back and I asked them to give me the address of their business location and he gave me 1001 State stree, more than 1400, Erie Pa. I googled this address and found out that this address belongs to Moody Law Offices 814-464-9464. I called Moody Law Office and asked them they were affiliated with Law firm Anthony H Rodriguez and they said they did not hear of them and they were not affiliated with them. I called Anthony H Rodriguez back and confronted them about this, and he started cursing and they hung up on me. I’m so happy I did not give them any money.
It starts like this: “Except for the ten to twelve million people who use them every year, just about everybody hates payday loans. Their detractors include many law professors, consumer advocates, members of the clergy, journalists, policymakers, and even the President! But is all the enmity justified? ”
, blah, blah blah. Some people have been middle east, but some are not. I tried to leave a message to call me back but no answer. I went on the net tonight, and have been enlightened. I have to cancel my checking acct. because I gave them my info. I feel so gullable. Just because I gave them auth. for auto withdrawl. Don, do it, please just deal with the companies you took out the loan with !!!
One problem with the payday-lending industry-for regulators, for lenders, for the public interest is that it defies simple economic intuition. For instance, in most industries, more competition means lower prices for consumers. That maxim certainly helped guide the deregulation of the fringe lending business in the 1990s and some advocates still believe that further deregulation is the key to making payday loans affordable. Yet there is little evidence that a proliferation of payday lenders produces this consumer-friendly competitive effect. What’s the difference: There are more than double-paid loans in those states (Idaho, South Dakota, Texas, and Wisconsin). by residents of some other states, according to Pew. In the state where the interest rate is capped, the rate that payday lenders charge gravitates right to the cap. “In the race to the lowest rates, it’s a race to the highest rates,” says Tom Feltner, director of financial services at the Consumer Federation of America.
I received a call from Cyrstal from a restricted telephone line that she had papers to serve on my husband in the next day or to call this number 855-212-9406 to find out what it was about. I called and talked with Paul Landon who said it had to do with a payday loan and that if it was not paid, my husband would be served at work. He then went to say the amount was 1,100 but he could wipe it down to 580 if we would pay it right away and he would even let us pay it in 3 payments. I told him I had to talk to my husband and he said not to take as long as he was waiting to have him served and him arrested. Then he gave me his personal number which is 716-462-5680 and the company he works for is Outsource Legal Prep (but I just found this out but doing some internet search – and it seems to be owned by Kevin Walker). I’m glad to have found this out as at first I was scared but now since I know it’s scam I just called them back and told them not to call me back I know it’s a scam and I would turn them in to the proper authorities if they did. Thank you for posting this information.
I was contacted by these people
Same thing happened to me today with the 6308445678 number. She told me I took out this loan in 08 but when I asked her the name on the loan she told me it was my marriage name that I did not have until after that date. Then I told her I’m not working and she said she did not know why anyone in their right mind would not want a job or have a job. She then said “Well, I have a job and pay my bills” Little does she know I’m staying at home mom taking care of MY kids! Ugh so annoying!
We had never heard of this happening until we got a call today from 410-843-2822. They had left a message with my fiance and when I returned the calll they first said “hello”, which struck me as strange, since this was supposedly a law office. When I asked for the name of the company he kept trying to verify info. When Chad (my fiance) got on the phone they started telling him that he should answer q’s carefully as they could be used against him in court. They said that the case would be ‘downloaded’ with the courts – what kind of lawyer says that? We had applied for several loans, and had only accepted one – what we were paying back. The amount they said we owed we had never been quoted. The other strange thing is that although they both had very strong indian accents, they used very unlikely names – the supervisor said his name was Jack O’Connor. ?? ?? DO NOT FALL FOR THIS !!!! We told them to send us something in the mail and not to call again.
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In a vicious cycle, the higher the permitted fees, the more stores, the lesser customers each store serves, so the higher the fees need to be. Competition, in other words, does reduce profits to lenders, as expected – but it seems to carry no benefit to consumers, at least as measured by the rates they are charged. (The old loan sharks may have been able to charge lower rates because of lower overhead, although it’s impossible to know.) Mayer thinks the explanation may have more to do with the differences in the customer base: Because alternative alternatives were sparse back then, these lenders served a more diverse and overall more creditworthy set of borrowers, so default rates were likely lower.)
I received a call from Pay day loan recovery in Illinois. They say it’s for a loan from 2010 and now it’s $ 2300. If I do not settle today I will have my salary garnished and my drivers will be suspended. I thought it was legitimate bc they were not rude. However, in my old paperwork, I can not find any notices or letters. I want to pay any debt that I owe but I dont want to be paying something that is not real. Also, my real fear is suspended for drivers! I have to drive to work
Wage garnishment occurs when your employer has a legally required portion of your pay for your debts. Bank garnishment occurs when your bank or credit union is served with a garnishment order. The bank or credit union then holds an amount for the payday lend or collector as allowed by your state law. Each state will have different procedures, as well as exemption from garnishment, which applies to both the wage and banking garnishment process. For instance, under federal law certain benefits or payments are generally exempt from garnishment.
Do you think they are calling from overseas? If they are a legitimate agency then you can report and
Paul – I know it’s not easy, but stop stressing. These guys are sitting in some of the country’s most popular people as they can. They can not hurt you. So understand that and do not let them scare you.
Ask the collector for the name and address of the 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.
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!
Please do not send them any money. Of them were a legitimate debt collector they would have to send you a written confirmation of the debt.
Has anyone got a call from statewide adr they keep calling my work and my dad house say they want to give me papers. Is this company for real or not i do not find anything on them. And i dont want to lose my job. Please help

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