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civil action by payday loan company



Sub: civil action by payday loan company
Tue, 17/08/2010 16:50

I was contacted yesterday by an agency hired by a payday loan company (my cash now) to sue me in court if I don't cough up $1100 by this Friday. I have learned a hard lesson about payday loans, and had several. All of these companies except for this particular one were willing to negotiate a settlement/payment of sorts. They are now threatening to have my wages garnished. I found out since I originally took out the loan that my state (Louisiana) limits loans to $350, yet I was able to get $500 from them. Will that give me any leverage in court? I am pretty freaked out right now about this because this just couldn't come at a worse time for me financially.



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paulmergel
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Sub: #1 Quote:Originally Posted by AnonymousI guess the question is, if Tue, 08/17/2010 - 16:50



Quote:
Originally Posted by Anonymous
I guess the question is, if you knew that the loan was illegal why did you take it out? Was it your intention to steal from the company that gave you the loan. I also don't agree with the way some of these agencies try to collect on the debts. There are some nice representives or collectors should I say. I guess those are the ones that have a job to do because they have a family to support. But collect with morals for the debtor, when on the other hand there are the ones that lie to you and expect you to fall for the bull. I am also a collector, that as well sad to say have some debt that I am also trying to clean up due to hard times. So I can relate to the debtor as well as the collector. You will be surprise to see how many people take out these loans and had no intentions of ever paying it back. It makes it hard for the debtors that really want to resolve the debt. Because the collector feels as though they've heard that same ole same ole before. However, it doesn't give the collector the right to break the law. Either the person is gonna pay the debt or they are not


sorry,but most if not all people who take the loans are desperate to try and get through a tough situation.also most like me have overpaid on these loans.btw nobody researches these places until they step out of line.then the collectors of these illegal loans practice foul means to try and get more money.threats like arrest,immediate garnishment,etc.soto summarize every point you made is wrong oh so wrong.except for the last part.nobody has the right to break the law.the only parties doing thatt are the pdl's,and the people who try and collect them.

giving hope to the hopeless,help to the helpless,and hap to the hapless.


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Sub: #2 Quote:Originally Posted by AnonymousDo you collect debts for legTue, 08/17/2010 - 16:02



Quote:
Originally Posted by Anonymous
Do you collect debts for legal or illegal companies?
Yes, people are at fault for defaulting. BUT some of these " collection agencies" do business on the hope that the people they are calling are to stupid ( no offense to anyone, I was stupid with bad collectors too once ) to know that they are breaking laws.
And we aren't talking about credit card's here. We're talking about illegal and legal payday loans. Most people who are dealing with "collection agencies" on THIS forum have over paid on a loan that was illegal to begin with.



I guess the question is, if you knew that the loan was illegal why did you take it out? Was it your intention to steal from the company that gave you the loan. I also don't agree with the way some of these agencies try to collect on the debts. There are some nice representives or collectors should I say. I guess those are the ones that have a job to do because they have a family to support. But collect with morals for the debtor, when on the other hand there are the ones that lie to you and expect you to fall for the bull. I am also a collector, that as well sad to say have some debt that I am also trying to clean up due to hard times. So I can relate to the debtor as well as the collector. You will be surprise to see how many people take out these loans and had no intentions of ever paying it back. It makes it hard for the debtors that really want to resolve the debt. Because the collector feels as though they've heard that same ole same ole before. However, it doesn't give the collector the right to break the law. Either the person is gonna pay the debt or they are not


Unregistered

Sub: #3 SO HERE WE GO GUYS..THE PRESIDENT OF SRS ASSOCIATES AND HIS 18 YSat, 10/10/2009 - 13:00



SO HERE WE GO GUYS..THE PRESIDENT OF SRS ASSOCIATES AND HIS 18 YEAR OLD SON BUSTED FOR DRUGS!! THIS IS AWESOME..THEIR NAMES ARE DAVID GREICO AND DAVID GREICO JR. THIS COMES AS NO SURPRISE BECAUSE MR. GREICO HAS BEEN A DRUG FEIN FOR YEARS..THIS COMPANY IS FULL OF DISGUSTING, FILTHY, DRUG ADDICTS SCUMS OF THE EARTH..THIS INCLUDES ALL MANAGEMENT AND 99% OF THEIR EMPLOYEES..SO BASICALLY WHAT GOES AROUND COMES AROUND OBVIOUSLY AND I'M SURE THIS IS ONLY THE BEGINNING..DO NOT PAY THIS COMPANY A DIME YOU WILL REGRET IT..WELL I'M PRETTY SURE THIS COMPANY WILL BE OUT OF BUSINESS SOON..WAY TO GO ASSHOLES!!!lol! CHECK OUT LINK BELOW
http://www.courierpostonline.com/article/20091010/NEWS01/9101 0006/-1/update


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Sub: #4 collectors forget that they are dealing with people, harrasing, Fri, 04/10/2009 - 06:09



collectors forget that they are dealing with people, harrasing, threatening, and be-littling. If the so called legitimate collectors are right in persuing a debt and the debtor has made it clear that they can not or will not pay there over inflated loans off, then take it up with a court of law or shut-up and move on to someone else


paulmergel
paulmergel


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Sub: #5 replyFri, 04/10/2009 - 05:31



again the humanoids are extra stupid today.

giving hope to the hopeless,help to the helpless,and hap to the hapless.


Unregistered

Sub: #6 SRS AND ASSOCIATES INC.Thu, 04/09/2009 - 18:52



The SRS and Associates company is ligit I checked the background of the foundation of the company and they deal with payday loan companies and credit cards.. As for many people I hate the phone calls as much as you guys do but remeber alot of the time I dont even give then a chance to speak to me.. lol Maybe its there job to collect but they shouldent cuss at someone.. However i had a friend who worked as a collector and he said that the "Debtors" were so mean and ignorant and people forget that collectors are people and so they become frusturated sometimes and thats why sometimes they get out of hand.. But I dont know .. I know Ill never do it..lol


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Sub: #7 1675.45 -500.00=1175.45 the amount they owe you.Thu, 10/09/2008 - 06:48



1675.45 -500.00=1175.45 the amount they owe you.


paulmergel
paulmergel


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Sub: #8 replyThu, 10/09/2008 - 06:11



the trolls are extra stupid today.listen biffster,the company is illegal and your illegal CA SRS is also illegal.if they are so legal come from PANAMA and do something.by the way,nobody is saying borrow money and don't pay it back.it's just that illegal companies like this don't allow payoffs,debit for 10x the loans worth,then want to criminally harrass after the consumer defaults.let's say i borrow 300.00 your company debits 700.00
i am done by US law which prevails whether you like it or not.

giving hope to the hopeless,help to the helpless,and hap to the hapless.


Unregistered

Sub: #9 Payday LoansThu, 10/09/2008 - 05:50



The payday loans are NOT illegal. They are governed by the laws of the country of Panama. If you accept the money, you owe the debt.


Unregistered

Sub: #10 where i work i know the people i talk to are not stupid but theyFri, 08/29/2008 - 10:12



where i work i know the people i talk to are not stupid but they think they can borrow money and not pay it back, im not trying to come down on anyone but it would be good of people to know what they are talking about when they say places like srs and prs are breaking laws we all stay with in the laws where i work we never say "we are going to garnish your wages" we say "our client has the ability to garnish your wages if they wish to" what people dont realize is threats and implications are two different things and when speaking to people they are so scared because they know they are in default they get defensive and are abusive to collectors which determines how the mood of the conversations will be


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