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I have just been told by Elite Financial Services that if I don't pay $405.00 today they will start proceedings on Monday. He said they would fax my employer. What does this mean?




Hi patti, what is the name of the PDL they are collecting for, and what state are you in? They could be planning to send a wage assignment to your employer, which means your employer would take your wages out of your check and send it directly to them, BUT, there is a way to stop this, and you should do it anyhow, send/email/fax a letter to this company revoking any and all wage assignments you may or may not have signed, then give a copy to your employer, that is all you need to do, to stop this. Act quickly, as this could be what they are talking about when they say they are faxing something to your employer. The law is clear, that you CAN revoke wage assignments at any time.

Sub: #1 posted on Thu, 07/03/2008 - 20:54

Shazzers Shazzers
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Fax your employer what? Third party disclosure is a violation of the fdcpa unless they have been awarded a default judgement and your state allows wage garnishment. Or, hopefully not, if you signed a voluntary wage assignment when you applied for the PDL. Likely it was an empty threat to scare you into giving them access to your checking account. Have you received a dunning letter from them yet? They have 5 days from initial contact to mail it to you. If they call again, I would answer, verify your mailing address, tell them you'll expect their letter w/in 5 days and end the call. Do not allow them to engage you in any further conversation. Once you receive the dunning, fire off a DV letter CMRRR.

Sub: #2 posted on Thu, 07/03/2008 - 20:58

NASCAR_Devil NASCAR_Devil
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If I'm not mistaken, Elite Financial Services is in house collections dept. for Nationwide Cash? Is that who you originally obtained your loan from? They also have many other dba's.

Sub: #3 posted on Thu, 07/03/2008 - 21:03

Shazzers Shazzers
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Glad you caught that Shazzers.....I initially thought Elite Recovery....nasty Buffalo, NY bottom feeder....

Sub: #4 posted on Thu, 07/03/2008 - 21:10

NASCAR_Devil NASCAR_Devil
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Well, I could be wrong, but I'm fairly certain I read that somewhere. However, if I'm wrong, I'm sure someone else will jump in here and correct me! :D

Sub: #5 posted on Thu, 07/03/2008 - 21:12

Shazzers Shazzers
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Thanks to you all for your quick response!!!! The original creditor is Data Processing Easy Loans. I got a collection notice at the end of June. I called them to try and make arrangements, but they won't deal with anything less than 1/2. Have I screwed up by even talking to them?

Sub: #6 posted on Thu, 07/03/2008 - 21:31

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Was this loan thru the Internet, if you let me know what state you're in I could post your pdl laws, to see if they are even legal in your area. :)

Sub: #7 posted on Thu, 07/03/2008 - 21:32

Shazzers Shazzers
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Yes it was through the internet and I live in NC.

Sub: #8 posted on Thu, 07/03/2008 - 21:56

Unregistered


How about this. :D
You will find the Payday loan laws for North Carolina here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-p dls-laws.html

Sub: #9 posted on Thu, 07/03/2008 - 22:50

Shazzers Shazzers
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Is this a UK outfit?

Sub: #10 posted on Thu, 07/03/2008 - 22:59

NASCAR_Devil NASCAR_Devil
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(Posts: 4665 | Credits: 308.23)

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