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IAG Collection Agency - Are they legal in New Jersey?

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Has anyone heard about a collection agency called
IAG located in Amhurst NY? PH; 716-312-4424
They are calling on behalf of Pay Day Loan Yes
I had a payday loan with them for $350 in which
I paid back $315 dollars in fees. I told them I would
pay the balance of $35.00 owed. But they keep
telling me I owed them 350 plus interest. I told them
they were illegal in NJ but they do not want to hear it. Does any one have a address for Payday loan Yes? I see many on the forum. I have a fax number
800-605-7419. Any suggestions?




Obviously, this collection agency is trying to collect on an illegal payday loan. Send them a cease and desist letter via certified mail and contact the original lender directly to make arrangement for payment. Since payday lending is illegal in NJ, you don't owe more than the borrowed amount to the lender even.

Sub: #1 posted on Fri, 03/26/2010 - 10:53

SC SC
Moderators
(Posts: 3722 | Credits: 377.66)

Yes, as payday loan is prohibited inNew Jersey, you owe them nothing else other than the principal amount. If they continue their collection practices even after sending C & D letter, file a complaint with the FTC along with the State AG.
This is what I've with me:

Payday-Loan-Yes
[LEFT] Add: 1609 N. Latrobe Ave.
Chicago, IL60639
Telephone: (800) 550-6051.

Add: Oranyan House, Shirley Street
P.O. Box SS 19935, Nevis NassauBahamas[/LEFT]

Sub: #2 posted on Fri, 03/26/2010 - 11:30

Chris Samuels Chris Samuels

(Posts: 174 | Credits: 22.33)

does anyone know what is the addres form LQuickest-Cash-Advance.com they have iag behind my bck and aslkin me for a 1500 for a 500 loan doe anyone know the process of this are they legal in nj to do this

Sub: #3 posted on Tue, 04/06/2010 - 23:03

fabionyc fabionyc

(Posts: 10 | Credits: 4.46)

Does anyone know the address to IAG

Sub: #4 posted on Tue, 06/29/2010 - 07:15

Unregistered


hi
i had no idea it payday loans were illegal in nj. iag contacted me stating that i would be served papers and possibly be placed under arrest for non payment of loan. the charges would be for bad check and intent to attempt to defraud a lending company. my loan was for 730 and they had me pay them 1300+ dollars. of course i didnt have that so i borrowed it from a coworker which is now going to be deducted from my paychecks. its been 3 days since all this and they still have not removed the funds. i feel very hoodwinked after reading these posts.
i have to other loans that i have not been able to pay back. is there anyone who knows if i am protected to not pay them back since it is illegal in nj? In what other states are they illegal?
please reach me at "greeneyebutafly@aim.com"
thanks for your help

Sub: #5 posted on Thu, 07/08/2010 - 20:10

Unregistered


Quote:
Originally Posted bydm114
Has anyone heard about a collection agency called
IAG located in Amhurst NY? PH; 716-312-4424
They are calling on behalf of Pay Day Loan Yes
I had a payday loan with them for $350 in which
I paid back $315 dollars in fees. I told them I would
pay the balance of $35.00 owed. But they keep
telling me I owed them 350 plus interest. I told them
they were illegal in NJ but they do not want to hear it. Does any one have a address for Payday loan Yes? I see many on the forum. I have a fax number
800-605-7419. Any suggestions?



IAG
PO Box 623
Amherst, NY 14226

Sub: #6 posted on Fri, 07/16/2010 - 05:02

Unregistered


I receive a call from a "process server" who told me to call IAG to make arrangemnts or be served witht he suit. I taked to Mike Jacobs, Tony Bello, Mark Roberts, Richard Goldman... all of whom kept threatening a suit and procesution for "defrauding a financial instution". I spoke to a friend of mine who is an attorney who told me they are obligated to send me the proof I requested. But they are saying they are not. I called the company they said I got the loan from and they have no record of me... I called the bank they said the money was put itno, but they said it's been so long that there is no way to know if there was an account in my name because it would have been purged from the system already. I even pulled my credit report to check to see if there was anythign there. I forwarded the info to my friend the attorney and he is going to contact them. I almost paid them too, just to get the rid of them... but damn... something just didnt sit right with it.

Sub: #7 posted on Fri, 09/10/2010 - 22:03

ramona1271 ramona1271

(Posts: 1 | Credits: 1.3)

I received a called from a Mr Bowers who called me and stated I had an outstanding bill for a doctor's office for $165.00. He left a message and stated that they were going to sue me and bring charges against me for fraud. How can you bring charges against someone for a medical bill and consider it fraud. If you are sick, you are sick. I told him to take that bill and his suite and get back with me.

Sub: #8 posted on Thu, 10/07/2010 - 22:54

Unregistered


I just got a call also and I called PDLY that was suggested. They advised that they do all their collections in house and to not agree to any terms with this company. This is a scam as I did not owe any money. I almost paid them $1000 because they scared me so! fortunately you all posted and saved me some heart ache!!!

Sub: #9 posted on Fri, 10/22/2010 - 00:57

Unregistered


IAG
po box
amherst, ny 14226

Sub: #10 posted on Thu, 12/09/2010 - 21:16

Unregistered


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