member profile picture

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

Sub: #1 posted on Sat, 08/09/2008 - 03:43

jj jj
Moderators
(Posts: 1057 | Credits: 107.78)

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)

Sub: #2 posted on Sat, 08/09/2008 - 03:12

drburr drburr

(Posts: 108 | Credits: 12.52)

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..

Sub: #3 posted on Sat, 08/09/2008 - 03:04

jj jj
Moderators
(Posts: 1057 | Credits: 107.78)

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

Sub: #4 posted on Sat, 08/09/2008 - 02:31

drburr drburr

(Posts: 108 | Credits: 12.52)

as jj said,they probably gave it back to the illegal pdl.

Sub: #5 posted on Sat, 08/09/2008 - 02:22

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15511 | Credits: 1357.03)

Quote:
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.

Sub: #6 posted on Sat, 08/09/2008 - 01:25

drburr drburr

(Posts: 108 | Credits: 12.52)

depends on the state, some require mere registration, so actually issue licenses and some don't care

Sub: #7 posted on Sat, 08/09/2008 - 01:22

jj jj
Moderators
(Posts: 1057 | Credits: 107.78)

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?

Sub: #8 posted on Sat, 08/09/2008 - 01:20

PinkLady PinkLady
Moderators
(Posts: 1722 | Credits: 277.47)

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: #9 posted on Sat, 08/09/2008 - 01:14

jj jj
Moderators
(Posts: 1057 | Credits: 107.78)

i did send that and then the CA sent me a letter back. is there a sight to find legal collection agencys

Sub: #10 posted on Fri, 08/08/2008 - 00:58

Unregistered


Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 0.959 seconds.