I would recommend you report this to the CFPB and the FTC. Give them as much information as you have about the caller. Next time they call, tell them at the outset you will be recording the call to turn over to law enforcement. Hopefully then they will realize they’re not going to get anything from you and move on.
Last year, bike sharing took off in China, with thousands of bike-share companies quickly flooding city streets with millions of brightly colored rental bicycles. However, the rapid growth was largely outpaced immediate demand and overwhelmed Chinese cities, where infrastructure and regulations were not prepared to handle sudden flood of millions of shared bicycles. Riders would park bikes anywhere, or just abandon them, resulting in bicycles piling up and blocking already-crowded streets and pathways. As cities impounded derelict bikes by the thousands, they moved quickly to cap growth and regulate the industry. Big batteries of impounded, abandoned, and broken bicycles have become a familiar sight in many big cities. As many of the companies have been in the bigger and too early have begun to fold, their huge surplus of bicycles can be found collecting dust in large vacant lots. Bike sharing remains very popular in China, and will probably continue to grow, only at a more sustainable rate. Meanwhile, we are left with these images of speculation gone wild-the piles of debris left behind after the bubble bursts.
with a group of attorneys called “Horizon Legal Group”. The phone number they gave is 888-257-3157
It sounds like if the caller is breaking the law; a collection agency can not send you to jail. Read 5 Things to Debt Collector Should Never Say “and 11 Ways to Debt Collector May Be Breaking the Law for more information and advice on how to handle calls.
Turn the tables on this caller. Tell her you have written written notice of the debt which is your right under federal law. If she refuses to give it to her you will be recording all future calls to turn over the authorities.
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?
Recd a call from 877-269-0088 from Miss Rios stating that I had 5000 for a payday loan first of all you could not take that much money and the second of all if it was from 2 yrs ago and when I asked them to send docs They said they did not have I told them I do not pay anything unless I signed it and I have copies of it. They threaten to garnish my wages, they could not understand what they were from. Then just today I call from phone number 877-258-1188 from Miss Berry stating that my payment was not gone thru well duh not i did not have anything and she left me a msg to call her back in 2 days as she was going to garnish my salary fat I worked for the federal govt and they wld love to see this come thru talk about jail time i am lmao on this one already contacted authorities and changed bank accts BEWARE THEY ARE IDIOTS
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.
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
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It’s frightening, to be sure, but scammers use that fear to get people to pay money they do not really owe. Before you pay anything, make sure you owe it, and that they own the debt. (They are required by law to send you a “validation of the debt” by postal mail.) Please do not agree to pay via a pre-card debit card. More about that here: The Way You Should Never Pay a Debt Collector.
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.
MARC FUSARO: The Consumer Credit Research Foundation and I had an interest in the paper being as clear as possible. And if anyone, including Hilary Miller, would take a paragraph that I had written and re-wrote it in a way that made what I was trying to say more clearly, I’m happy for that kind of advice. I’ve taken papers to the university writing center before and they’ve helped me make my writing more clear. And there’s nothing scandalous about that, at all. I mean the results of the paper have never been called into question. Nobody had suggested I changed any other results or anything like that based on any comments from anybody. Frankly, I think this is much ado about nothing.
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!
We are working on some of our payday loans clients and they are getting these same calls. One of the customers were scared in paying them until I looked it up. They said they were from payday loan recovery group. Saying she owed a loan from 2008 for 1,200 and she could pay it in full for $ 399. She was scared in paying but I told her to cancel her creid card before it went through. They send her an invoice on the decline. The processing company is http:
I was contacted a month ago from a company stating I had 2 pending charges through the state. I called them. It was for a payday loan through CashNet in 2009. They had a check number and my bank account info so I figured it was legit as at the time I took out those types of loans. They also told me they sent me a letter to the address I previously lived at and threatened to issue a warrant for my arrest. Of course it scared the crap out of me, so my husband paid this. I got a confirmation number, but as of yet, no paper work. YEsterday I received another call and voicemail. I checked it today and it was the same thing form a different company. Thankfully I wrote down all the information from the one company I did pay. I called this number and the lady started giving me the exact same thing the other company did. But with a different date the loan was taken out. I said it was for cashnet in the amount of $$$. she agreed. I said I paid this, I have a confirmation number, phone number and name of whom I dealt with. I looked in my husbands check register so now I have the date and company that pulled the money. Her reply was “I will speak to my attorney and if he has any questions he will call you.”
said it is called [redacted]. They state I took a short-term loan before 2010 and they are a third party trying to get the back back. When I ask her to send me something and tell her I do not see anything on my credit report she says it’s because they have not filed anything yet it has not impacted my credit yet. I told her she had to send me something in writing and she refused. So I got a little rude with her and started asking questions and she hung up on me. I did a little research and many people had the same experience so I blocked the numbers they gave, called id showed [redacted] and the call back on voicemail was [redacted]. They then started calling my mother and sister. I have made complaints to the FCC, attorney general, the donotcall.gov and BBB. How else can I make these calls stop? It’s frustrating !!!
I’ve been getting calls from strange numbers lately so I have not answered. On 10
I had some guy call me today i said I’m calling to inform you that I’m filing or processing papers I’ve got for you an I’m supposed to inform you or talk with you before he files it to the king county court I do not have what I should do, I’m not working I have no money I do not have a last year someone tried to suing me for a payday loan that was from 207 or 08 what can they do?
If these are legitimate collectors then they will stop calling at work once they are instructed by you to do so. That’s federal law
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.
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
That said, make sure you keep track of who you talked with, when, what they said etc. Ask them to send you written verification of the debt. If they appear to be breaking the law, do not hesitate to call them out on it. Read: 11 Ways Debt Collectors May Be Breaking The Law. You may report to the FTC, the Consumer Financial Protection Bureau, the Better Business Bureau, and your state attorney general office and send the collection agency a copy of your complaint. (If you can get their address.)
This new collection agency calls itself Robert Anderson Associates (ph: (844-260-5843) and they have purchased the old debt and claim that I now owe $ 2,300 for a loan that was originally $ 300 and paid down to $ 150. The man said that They would accept $ 311 today only. “Cindy” called back and said the same thing, threatening me with legal action and wage garnishment. When I told her that I wanted to get legal advice, she hung up.
Tell me that I owe a paydate loan and that I need to call her and make arrangements. She is calling me on my job and on a new cell number that I have. Now she is calling my family and threatening them That they are going to arrest me. Please help. 800-290-1065. SHe calls three times a day or more. Help.
I am confused. Why would a debt collector say that money you paid them was refundable? Perhaps you were applying for a loan? If so, and if this is an advance loan loan scam, the promise refund is worthless. Did you wire money to them via Western Union by chance? If so, then it’s probably gone to someone overseas already.
and would gladly accept any papers that they had for me. They immediately got very defensive and rude, I said that I checked my credit regularly and the only loan that I had been for a car and my school loan, They told me that payday loans do not show up on your credit report. I got it out and hung up, only for them to get a hold of my sister and tell her that they were looking for me. They called back a few more time and I ignored the call.
When the giant Indian technology-service firm Infosys announced last November that it would open a design and innovation hub in Providence, the company’s president said one of the key reasons he chose Rhode Island was its strong network of higher-education institutions: Brown University, the Rhode Island School of Design, and the Community College of Rhode Island.
If they call back, follow the instructions outlined in this article or the resource provided above. If the collector will not comply with your requests, then it may be a scam. It’s hard to say until you talk to them to see if the debt is legitimate. Whatever you do, do not let them intimidate you in paying without validating the debt. As a result of the comment on this thread, they use scare tactics and prey on consumers not knowing their rights and the laws when it comes to debt collections.
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.
Im glad you posted this, i just lost $ 150 to this [redacted]. So today I had a similar call about another payday loan i supposedly had taken out, but didnt. I will be blocking my debit card now, thank you for posting.
I have to warn you that even some of the attorneys I know who regularly sue debt collectors who break the law will not touch the cases that involve payday loans. Even if they are successful defending the client, they tell me, they can not collect. This may not be the case with all collectors, but I have to warn you that you can be dealing with very aggressive collection agencies here.
Thanks for taking us step-by-step with how you checked out the person calling you. The steps you took, and the reports you made are smart – was not being scared or panicked in paying someone you did not have. Thanks for sharing.
Rudy – Please do not freak out. This kind of thing happens all the time and what you’re saying happened has all the signs of a scam. I do not want to be taken by a scammer. Read this article: 9 Signs You Are Talking to Debt Collection Scammer
DEYOUNG: That’s a very standard disclaimer. The Federal Reserve System is a unique alternative to regulators across the world. They see the value in having their researchers exercise science and academic freedom because they know that inquiry is a good thing.
No need to panic. Debt collectors do not pick people up at home or work because they can not pay their bills. Ask them to send you a written notice of the debt that is required under federal law. (By mail, not email.) If they say they can not, then you’re dealing with a scammer. If so, then read my article 7 Ways to Stop Overseas Debt Collection Scam Calls and turn the tables on them!
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.
The Military Lending Act Five Years Later: The High-Cost Small Dollar Loan Market, and the Campaign against Predatory Lending, by Jean Ann Fox, Consumer Federation of America (May, 2012).
ok heres how this works i did it for about a few years ago first off all the debt is real debt. Ok now heres where the rest becomes illegal to speak or at least walk that thin line in my eyes. its real debt that the people owed but for these companies by the time they got it its OVER the 7 year statute of limitations for collections so they hit hard and fast before you catch on. now when you call john or mary lets say they have professional closers who guess what are now john or mary each one of us gets our list of people going to call and get my company buys by the bAZILLION from the credit card companies medical collection agencies etc for pennies the month i worked there they had a million $$$ month so theres a lot of uninformed people out there. anyways we get their debt info then credit report etc and we search them before we call had my own code to run backgrounds reverse phone etc that way we sound legit we then spoof your sheriff or court house number threaten jail and arrest at your work etc unless you call john or mary since we are all either john or mary they never know for pay for us we had a number like john 1 john 2 or mary 1 mary 2 etc. i can go on and on the gist lol my conscience got the best of me i had to quit p.s. if this happens again just laugh at them and ask them what time breakfast you need a vacation and club med was booked solid so jail will do lol theyll move to the next victim they just keep hounding and bullying if you look weak and they think youll pay. good luck
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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.
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