the phone, because I had not received any correspondence from the company. He told me it was not their responsibility to chase me down to collect a debt, that it was my responsibility to take care of it myself. As their lawyer, I could pay him and it would all go away. I said no, and he hung up on me, laughing, quite rudely, stating, “Have fun rotting in prison.”
Even though there may not be a lot you can do about the call, it may be worthwhile to file a complaint with your state attorney general and with the Consumer Financial Protection Bureau.
Ok update. Yesterday I received from the bank my statement for the year of the alleged payday loans and it only confirmed what I knew to be true, no transactions of any kind either at Payday loan deposit or any attempt to collect on it.
DEYOUNG: I had written that paper, and had I know 100 percent of the facts about where the data came from and who paid for it – yes, I would have disclosed that. I do not think it’s one way or the other in terms of what the research found and what the paper says.
I received a calling phone call from number 701-212-1223 stating that I had owed a payday lone in the price of $ 2097.00 and that if i did not care about this that there would be a sherrif at my door to take me to jail and for e to appear in court.
That makes plenty of sense in theory. Payday lending in its most unfettered form seems to be ideal for neither consumers nor lenders. As Luigi Zingales, professor at the University of Chicago, told a group of finance professionals in a speech speech last year, “The effective outcome can not be achieved without mandatory regulation.” One controversy is whether the office, in its zeal to protect
DeYoung also argues that most payday borrowers know exactly what they’re getting into when they sign up; that they’re not unwitting and desperate people who are being preyed on. He points to a key piece of research by Ronald Mann; That’s another co-author on the New York Fed blog post.
Oh and they said it was for a payday loan, the lender was American Credit Services. When I said I never got a payday loan, he said he did not care where the money went but stealing it if I do not pay it back.
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What they are doing is illegal, and it’s unlikely you are dealing with a legitimate agency. There are some ideas for getting this post (and in the comments): 7 Ways to Stop Debt Collection Scam Calls. It sounds like if their hope is to frighten you into paying.
I have been receiving phone calls from (949) 829-2391. My son not knowing any better told them where I work and now they are calling my work telling our secretary that they are going to serve me papers at work if I do not call them back within 2 hours. I am a teacher and I can not have them calling me at school. I called the number that was given 10 minutes after he called the school and got a machine … Jordan and Associates … He told the secretary that he had a legal business matter about quantum support services. I had gotten calls last year and they just started again. I have told them I am reporting them to FTC and Better Business Bureau. What can I do to get them to stop calling
• 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.
In either case, take notes of the conversation. In the event they sue you (which would be very rare if either of the scenarios I described are correct) you could show up and explain to the judge how they did not comply with the FDCPA. You could rent an attorney to sue them. If you win you would be entitled to damages and they would have to pay your attorney fees.
I googled both numbers but nothing comes up, not even as fraudulent number, so they may be newer numbers. That’s why I wanted to post this in case someone else googles those numbers. She did not disclose any specific information about the charges, did not say it was a debt collection or anything. Did not state the company she works for or the name of the “firm” I’m supposed to call.
I’m getting calls often, different numbers, started about a week ago.It is scary, and upsetting.Latest is from 1-718-841-6480.Thaey call work, threatens to file charges against me, I will be arrested if I don i pay.A guy tried to get me $ 560 immediately.I didn’t.Help
I got a call from advanced capitol solutions for a defaulted loan i had in 2008 from another company. i googled their number 877-845-5988 and got allot of fraud comments and i cant verify they bought the debt from e corp. I send them an email to send me evidence that my attorney can try to verify. they said they can come after me for check fraud, which fake collectors always do to scare you out of some money. have not given them any acct info and now do you know what they know, anybody know of this company history?
Just received a call from 267-350-8751 claiming I owed money from a loan in 2011 … .she said they would take all my property, garnish my salary, and send me to jail … for an alleged $ 300 loan? I said some not nice things, and she hung up.
Stacy – do not pay anything unless you’re sure it’s a legitimate debt. Under the FDCPA, collectors are legally obliged to provide proof of the debt. Having said this, within 5 days of contacting you by phone, they must send you a notification of their attempt to collect. In that notice, they have to inform you of your right to have the validated debt. You have thirty days to do this and it must be done in writing. If they can not validate the debt, you can not legally collect. With that said, we strongly encourage you to read through the following two resources, at least make sure you know your rights and take the appropriate steps forward:
Hi I just received a call today from a company named Retrieval mediation phone # (614) 340-7363 claiming that I did online payday loan back in 2010. What I do not have my question has anyone heard of this company. The lady gave me a name Karry Watson but would not give me the address to the company
Creditors can not generally garnish your salary unless they take you to court and get a judgment first. Even then, there are restrictions on how much be garnished. I’m not sure of all the circumstances of your situation, but remember, a debt collector is required under the federal law to send you a written notice of the debt, and you have the right to request the verification of the debt if you dispute it. Any collector that will not abide by federal law is either a scam or can be sued for breaking the law.
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
He said he worked for Morgan Lewis on behalf of Money & More. He had all my personal information, bank information, ssn, dob. He told me I had committed internet fraud by taking out a loan and not paying it back. I did not remember to take out a loan online & told him I did not remember to take out a loan on the internet. He then told me that he had email transactions and verification from my bank that the ACH withdrawal was declined twice so I had committed internet fraud and was going to jail. He then hung up on me.
That’s the real question Kristen. How do we stop them? If they are calling from overseas and flouting our laws, what can we do? I recommend that you file a complaint with your state attorney general, the Consumer Financial Protection Bureau (consumerfinance.gov) and the Better Business Bureau with as many details as possible, in case there is an investigation into this company. In the meantime, you may want to find out if your phone company offers a call screening service. It will cost a few bucks a month but may be useful.
in giving your money to scammers. First, you can ask the caller to verify the debt. By law, you are entitled to documentation, sent via postal mail, which shows the debt is yours. You can find more information here: The Ultimate Guide to Debt Collection. Please read it, and do not pay money you do not have.
I got a call today from some lady named ms jones nichole
So I did call them back, spoke to a different person, to inform them that this is bogus and there is no record of any kind for any payday loan. I started to tell her what the bank associate told me about how payday loans work and if I or someone else did not take these loans there would be a try to collect on in through my bank account. She said she knows how they work and do not need me to explain it to her. She also told me that since they are only a mediation firm that is just looking for volunteer settlements of the debts they are not bound to the Fair Debt and Collections Act and said we are not going to force you to pay this back to our client.
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.
MANN: If your first is that none of the people using this product would do it if they really understood what was going on – well, that just does not seem to
WERTH: He was communicating with CCRF’s chairman, a lawyer named Hilary Miller. He is the president of the Payday Loan Bar Association. And he’s testified before Congress on behalf of payday lenders. And as you can see in the e-mails between him and Fusaro, again the professor here, Miller was not only reading drafts of the paper but he was making all kinds of suggestions about the paper’s structure, its tone, its content. And finally what you see is Miller writing whole paragraphs that go pretty much verbatim straight into the finished paper.
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