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ad astra recovery services - is it a collection agency?

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Posts: 14
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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




kfstaff24

Posts: 1450
Credits: 8892.45

Sub: #1 I would send this company a DV letter and also check with your s
Thu, 02/26/2009 - 02:44

I would send this company a DV letter and also check with your state to see if they are licensed to collect.




nohiogal

Posts: 2584
Credits: 11799.75

Sub: #2 Okay first I do not find Speedy Cash listed as a legal lender in
Thu, 02/26/2009 - 03:48

Okay first I do not find Speedy Cash listed as a legal lender in Texas nor as a CSO in Texas. Do they maybe go by another name?

A Debt collector must be bonded in Texas to collect debts in Texas and that collection agency does have a license and it is current.

Ad Astra Recovery Services Inc # 1

Address: 3611 N Ridge Road
Wichita, KS 67205
File Number: 20070074
Status: Active
Date Filed: 4/10/2007
Bonding Company: Travelers Casualty and Surety Company of America
Bond No: 104884248

Texas has very strict garnishment laws. They would have to get a judgement against you in civil court. From what I can tell from the law is they must first go after property such as a car or house before they can actually garnish a pay check.

Do you have any of the original loan paperwork? Do you have a phone or address for Speedy Cash?

Can you go back to your bank statements and find what you actually paid them?

I am thinking that maybe Speedy might be illegal and you did make payments but they sold it off and it was picked up by a legal collection agency but as the entire loan amount and not what you actually still owed.




NASCAR_Devil


Posts: 4668
Credits: 30821.994972777

Sub: #3 Are you in TX? TX does not allow wage garnishment so no worries
Thu, 02/26/2009 - 04:25

Are you in TX? TX does not allow wage garnishment so no worries there. There is also a homestead exemption so if you own your home it should be protected as well. Is this the 1st letter you have recieved from the CA? Does it state that you have 30 days to dispute?




mommasboy6960
Posts: 14
Credits: 560.05

Sub: #4 I CNT FIND THEM ON THE BANDED IN TX SOS
Thu, 02/26/2009 - 05:37

i am not sure where you went to find it but i cant find ad astra as being bonded in tx,. can you please tell me where you found that




NASCAR_Devil


Posts: 4668
Credits: 30821.994972777

Sub: #5 Click the link in my signature for the Texas SOS.
Thu, 02/26/2009 - 05:39

Click the link in my signature for the Texas SOS.




nohiogal

Posts: 2584
Credits: 11799.75

Sub: #6 Quote:i am not sure where you went to find it but i cant find ad
Thu, 02/26/2009 - 05:42

Quote:
i am not sure where you went to find it but i cant find ad astra as being bonded in tx,. can you please tell me where you found that


The link NASCAR posted is correct.

I could not find them by name. I left all fields blank and selected the state of Kansas. It was the first one listed.




mommasboy6960
Posts: 14
Credits: 560.05

Sub: #7 I looked on the site and put in all the infro and i cant find an
Thu, 02/26/2009 - 05:43

I looked on the site and put in all the infro and i cant find any results \about ad astra being bonded in tx i am not sure where nohaigal found that info. i went to the tx sos site?




mommasboy6960
Posts: 14
Credits: 560.05

Sub: #8 if they r listed in ks does that mean they r bonded in texas?
Thu, 02/26/2009 - 05:44

if they r listed in ks does that mean they r bonded in texas?




nohiogal

Posts: 2584
Credits: 11799.75

Sub: #9 Did you search like I said? They have to be bonded in Texas a
Thu, 02/26/2009 - 05:50

Did you search like I said?

They have to be bonded in Texas and they are. It does not matter what state they are in as long as they have a valid bond in Texas and they do.

Do you have anymore info on Speedy? I can't find them on the Texas database.




mommasboy6960
Posts: 14
Credits: 560.05

Sub: #10 there website is speedycash.com. they have storefronts in tx. so
Thu, 02/26/2009 - 05:54

there website is speedycash.com. they have storefronts in tx. so what can i do ?? thank you for your help




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