stonecrest financial. paydayonline turned me over to them and they actually sent a debt validation letter. does that mean paydayonline is actually legal. the letter just looked like a generic letter i am not sure what they are suppose to look like
cool so they know your
serious, so instead of sending a dv letter, send them a letter disputing
the validity of the debt, stating the reasons why and your intentions to
pursue action against the pdl. then you can mention your willingness to
pursue any entity that attempts for collect on the debt. make sure you
include a statement to the effect that unless they can prove the
legality of the debt they are collecting by showing it complies with
your state laws, including licensure, you will not discuss the matter
any further
I'm in IL. I didn't come
right out and tell the guy that he or his firm may be implicated, but I
definitely implied it (was on the phone, and recorded). I also started
the call off by asking for his company's IL bond or license info, and
told him I would be checking it out with the AG prior to sending them
any kind of payment should this debt be validated. That also, didn't
make him happy, but he definitely kept his professionalism (props to the
man on that)
dr, where are you from?. one
idea that comes to mind in dealing with an illegal pdl adn legal ca is
to remind the CA in writing with a good dv letter is that their attempt
to collect a debt that is illegal may expose them to a claim for
damages. CA's liek most businesses that have professinoal liability
insurance will do anything to avoid a claim since that usually means
that if the lose a suit, claim is paid, that they will either have
trouoble getting renewed, face very stiff rate hikes
etc..
Man, I hope so. I actually
made that suggestion to him, that he send it back to the original
creditor, remove their tradeline, and let me hash it out with them.
As soon as I figure out what happened to it, I'll be filing all of the
complaints.
By the way, and for the record, National Service Bureau, and their d/b/a
companies (I know Seattle Service Bureau is one) are fully licensed (not
just bonded) in IL
what state are you in. It is important to
remember that some pdl's do use legal CA's. This is actually a good
thing since if your dealing with for example and on line pdl operating
illegally in your state, a legitimate CA, may elect to return the
account once you make them aware of the situation, or they may be much
more willing to work with you.
This is actually what I'm going through right now. The CA is fully
legal and licensed in my state, but the PDL is not. I noticed the
collector got a bit uncomfortable when I told him that they were not
legal (all the while refusing to verify the debt with him), and tried to
work out if they were legal at the time that the loan was given. Then
he said he would have the PDL company send me some information.
Waiting to hear back on that now, bet I never see
anything.
Did the letter show any signs
of them being licensed to collect in your state. I'm not sure how it
works, but doesn't a collection agency have to be licensed to collect in
the state you are located in?
what state are you in. It is
important to remember that some pdl's do use legal CA's. This is
actually a good thing since if your dealing with for example and on line
pdl operating illegally in your state, a legitimate CA, may elect to
return the account once you make them aware of the situation, or they
may be much more willing to work with you.
Sub: #1 posted on Sat, 08/09/2008 - 03:43
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Sub: #2 posted on Sat, 08/09/2008 - 03:12
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Sub: #3 posted on Sat, 08/09/2008 - 03:04
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As soon as I figure out what happened to it, I'll be filing all of the complaints.
By the way, and for the record, National Service Bureau, and their d/b/a companies (I know Seattle Service Bureau is one) are fully licensed (not just bonded) in IL
Sub: #4 posted on Sat, 08/09/2008 - 02:31
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Sub: #5 posted on Sat, 08/09/2008 - 02:22
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This is actually what I'm going through right now. The CA is fully legal and licensed in my state, but the PDL is not. I noticed the collector got a bit uncomfortable when I told him that they were not legal (all the while refusing to verify the debt with him), and tried to work out if they were legal at the time that the loan was given. Then he said he would have the PDL company send me some information.
Waiting to hear back on that now, bet I never see anything.
Sub: #6 posted on Sat, 08/09/2008 - 01:25
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Sub: #7 posted on Sat, 08/09/2008 - 01:22
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Sub: #8 posted on Sat, 08/09/2008 - 01:20
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Sub: #9 posted on Sat, 08/09/2008 - 01:14
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Sub: #10 posted on Fri, 08/08/2008 - 00:58