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ad astra recovery services - is it a collection agency?



Sub: ad astra recovery services - is it a collection agency?
Thu, 10/05/2012 05:46

I took out a payday loan with speedy cash in tx it was over the internet. I defaulted on it after i made like 4 or 5 payments of 152.96 now they have turned it over to a collection agency. Named "Ad Astra Recovery Services" and i recieved a letter today stating that i had 15 days to respond back to them and pay 657.00 or if i didnt they would sue me and go for my proptery, cars, bank accounts etc... They also said that if i didnt rspond that they would have access to my credit report, bank accounts, credit card, employment, etc...it has shown up on my credit report and i disputed this. My loan was for 500.00 to pay off was like 657.50... Is this just another tactit or can /will they do what they say.. And how can they have access to my personal info like bank accounts, employment, credit card, credit report... What do i do about this??????????? I live in texas i have serached for laws but dont UNDERSTAND them. What do i do??? THANK YOU HERE IS WHAT THE LETTER SAYS:

Dear xxxxxxxxxxxxxx,

As you know the balance on your Payday Advance Loan with Speedy Cash remains unpaid and has been placed with this agency for recovery. Be asvised that this agency has made multiple attemps to contact you and attempt to arrange for voluntary payment on this debt. Your failure to respond to these attempts has required us to exsplore other option to pursue the successfull recovery of your unpaid balance.

TOTAL AMT DUE $657.45
the current amopunt due has now been reported as unpaid collection to one or more credit bureaus.

We intend to continue to pursue this debt and at the time this agency will review your account to determine if and asset search and liability investigation is warranted. If required this investion may include one or more of the folling :employment history, credit reports, bank accounts departmen of motor vehicles records and /or real estate and personal property records. be further advised that this information will be carefully reviewed in order to determine this agency next course of action.

Please send payment with this notice or contact our office for immediately for payment arrangements.

If there is some reasson why you are unable to remit your payment please call us and let's discuss the problem we still may be avoe to set up paymen arrangenments that will work for both of us.

this is a atempt to collect a debt ....etc

sincerely
AD ASTRA RECOVERY SERVICES INC
SUITE 104
3611 NORTH RIDGE ROAD
WICHITA, KS 67205
866-398-2089



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Sub: #1 I dealt with them in TexasTue, 04/02/2013 - 06:53



I dealt with them in Texas for a Speedy Cash loan. They are licensed in Texas. In my journey to get off the payday loan roller coaster, I defaulted on my loan with Speedy Cash - who is a legal pd lender in Texas - and it was eventaully turned over to Ad Astra for collection. I went through all the steps, etc. They did honor the C&D I sent and it was outstanding for about a year and a half with no contact from them. They did report the collection on my credit report. Fast forward....I'm in a better place now that I am off the payday loan roller coaster and am working to repair the damage to my credit report. I contacted Ad Astra indicating that I wanted to settle the account. I could either take a smaller settlement amount and they would mark the collection account as settled/pd but if I wanted to have it removed from my credit report I would need to pay the full amount. They wouldn't put it in writing, but they allowed me to record the phone conversation. They were good to their word and the account was deleted within a week after I made payment over the phone.



Unregistered

Sub: #2 ...Mon, 04/01/2013 - 23:12



So I did some checking, Heres the deal, astra is not operating as a collection agency in texas but they have lawyers that sue in those states on their part.



Unregistered

Sub: #3 not bondedWed, 01/23/2013 - 10:05



i had the same thing happen with them. i owed like .27 cents and they went after me for 880...anyway they are not licensed in Texas to collect debt.



drbushey
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Sub: #4 answerThu, 05/10/2012 - 05:46



I'm not sure of how many payments I made. I'm researching that. No, the checking account has changed, but same employer. I didn't think they had any jurisdiction in Wisconsin, so they wouldn't be able to garnish my wages, correct?


OhioGal1
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Sub: #5 Can you give me some background info? Do you think you paid offWed, 05/09/2012 - 08:00



Can you give me some background info? Do you think you paid off the loan or did you default? If you defaulted, how much did you pay before you defaulted?

You may need to protect yourself with a wage assignment revocation to your employer. Do you still have the same checking account?

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


drbushey
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Sub: #6 answerTue, 05/08/2012 - 18:39



Yes i do.


OhioGal1
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Sub: #7 It sounds to me like this is an illegal lender. Fees and intereTue, 05/08/2012 - 13:01



It sounds to me like this is an illegal lender. Fees and interest aren't payable. Do you still work at the same place you did when you got the loan?

When you log in, if you click (my posts) on the top right of the page, your posts will show.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


drbushey
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Sub: #8 payday loanTue, 05/08/2012 - 10:45



Yes, it was an online payday loan. I thought I said that previously, it was the same as the fella who posted about Ad Astra-Speedy Loan.com or something like that.

Yes, year or two ago I did post and things got even worse where all the payday loans went into default. Most, surprisingly, worked with me and out of 14 of them, I now have 9 paid off. Speedy Loan never replied to my emails and now I'm hearing from them through Ad Astra.

I do know I've made a few payments to them in the past and I'm sure they will chalk it up to interest only or fees.

What is an easy way to see when you post? I have to leave the page and come back and it's not easy finding this when you come back in.


OhioGal1
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Sub: #9 It depends on whether it was a legal lender. Was it a payday loTue, 05/08/2012 - 09:58



It depends on whether it was a legal lender. Was it a payday loan? I ask because I saw [URL="http://www.debtconsolidationcare.com/settlement/thread709 29.html"]you posted about this time 2 years ago[/URL] asking for help with 4 payday loans but you never came back with details so we could help you.

If it was an illegal lender, we can certainly help you.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


drbushey
drbushey
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Credits: 229.15 Send message to drbushey

Sub: #10 legal or illegal?Tue, 05/08/2012 - 09:34



I don't know how legal it is as Wisconsin does have some strict laws. I probably owe something, not sure. I guess I need to get a debt validation from them. I was wondering what they can do to me in Wisconsin.


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