Wisconsin DFI and PayDay Loan compliants
Date: Tue, 07/17/2007 - 12:35
Wisconsin DFI and PayDay Loan compliants
Some companies take a longer time to give a response. Stick to y
Some companies take a longer time to give a response. Stick to your guns. Keep in touch with your state DFI and know the latest investigations done on the pdl places. They will inform you about what's going on and how you need to handle your file.
Well, I filed this compliant like in May, and sent ARM the lette
Well, I filed this compliant like in May, and sent ARM the letter in June. Haven't heard anything. I don't want this to pop up with more repercussions later.
Accounts Receivable Management has an awful reputation for not r
Accounts Receivable Management has an awful reputation for not responding to validation. I sent them one for Rio Resources who is the same as MTE and I have heard nothing. It has been months. They are history as far as I am concerned. MTE is an unlicensed lender and ARM knows that they can't validate because MTE can't provide then with the info required such as payment info and license info. Just wait them out.
Well, someone else has said that GC services owns ARM. And GC S
Well, someone else has said that GC services owns ARM. And GC Services is a legal collector. So, maybe they won't continue to try and collect on it, as this is an illegal claim? But, they did follow the cease and desist letter, and have stopped collection efforts.
****UPDATE****
Just heard back from my state DFI, and both MTE and ARM haven't responded to their letters.
Neither company has responded to my letters yet. Unfortunately with companies like these (non-licensees) we can't force them to respond by a specific date. Good to hear that ARM has stopped contacting you.
I will follow up with you as soon as I have a response.
I think that ARM is licensed. It is their client who isn't. Try
I think that ARM is licensed. It is their client who isn't. Try too march into court in a state where your client has broken the law and try to get someone to listen to you trying to collect a non validated debt.
Ah, okay, gotcha. Well, at least I did what I did under my righ
Ah, okay, gotcha. Well, at least I did what I did under my rights with regards to the fdcpa, and I did it within my 30 days. How long do I have to wait on this one?
I sent an email to Bud Hibbs requesting info about them. He has
I sent an email to Bud Hibbs requesting info about them. He has a great site about collection agencies. www.budhibbs.com He advised me once when they didn't respond just to wait them out.
Here is a copy of my failure to validate letter to them mailed in May
Quote:
May 14, 2007 Account Receivable Management of Florida Inc. 9000 Regency Square Blvd. Ground Floor Jacksonville, Fl. 32211 Attn: Mr. Eric Easters Re: Rio Resources Acct. No. 423793 Dear Mr. Easters, I am in receipt of your response to my request for validation of a debt dated March 18, 2007, a copy of which is enclosed. In this letter I required you to provide me with certain information to validate this debt pursuant to the Fair Debt Collections Act, 15 USC 1629G Section 809. All you provided was the original electronically signed contract. You did not provide the following: >The interest charges applied to the original debt over and above those stated in the original agreement >Any penalties associated with the original debt and the reason or reasons for those charges. >Proof that the interest charged does not exceed that allowed by law in the State of Florida. >Proof that your client Rio Resources, also known as Geneva Roth and Loan Point U.S.A, is licensed to operate as a lender in the State of Florida. >Complete payment history on this said agreement including all attempts at ACH withdrawals from my account that were returned by the bank including those that were made by Rio Resources after they received notification that the funds were not available. This requirement was established by the case Fields vs. Wilber Law Firm, Donald L. Wilber and Kenneth Wilber, USCA-02-C-0072, 7th Circuit Court, Sept. 2004. >The business address of the main office of Rio Resources. A call center address is not acceptable. I can provide you with a bank statement showing withdrawals from you client against the amount borrowed that have not been reflected in your statement or in you letter as required by the law stated above. I am enclosing ,for your review, an opinion from the FTC regarding validation in the form of a letter. Your client was informed of an interruption in my direct deposit to which I had no prior knowledge. They were informed of the fact that there would be no funds available and their permission to withdraw funds was revoked but continued to attempt multiple withdrawals anyway in violation of the law. I am currently filing a criminal complaint with the Florida and Oklahoma Attorney Generals Office against your client along with a complaint to the Federal trade Commission. Accounts Receivable Management will be added to this complaint after receiving the enclosed documentation if the collection attempts are not stopped immediately. A copy of all the documentation is being provided along with this letter to support my complaint. All other information that was contained in my previous letter to you still applies including, but not limited to, contacting myself by any other means than the U.S postal service by anyone affiliated in any way with your company. Also please be advised for your own information that the New Mexico Better Business Bureau has received over 200 complaints against your client before they relocated to Oklahoma. Thank you for your cooperation regarding this matter. Respectfully yours, |
Well, okay then. I'm just going to wait and see if I hear anyth
Well, okay then. I'm just going to wait and see if I hear anything. Thanks for all of your advice, frogpatch. I sent them a letter lke that, too.
Please note that the Geneva Roth/Loan Point was edited out and c
Please note that the Geneva Roth/Loan Point was edited out and changed to MTE before mailing.
I love that letter.. it was great and covered all the points...I
I love that letter.. it was great and covered all the points...I may borrow it myself when I have to!
With ARM it took quite some time for them to respond to the DFI.
With ARM it took quite some time for them to respond to the DFI. But when they did, like you said they LIED. The DFI knows ARM VERY well. I talk to the lady at the DFI on the phone quite often and she knew who I was talking about. But you need to just sit and wait. She told me to let sleeping dogs lie. So if they are not contacting you let it be, unless you know you still owe them money. SHe cannot wait for one of these companies to take me to court, then she is gonna hit them for their records. So sit tight ( I know easier said than done) Keep checking your credit report because if any one of these companies report on it let the DFI know ASAP. She is just waiting for this to happen.
Puddlejmpr, I don't owe MTE any money for what ARM is trying to
Puddlejmpr,
I don't owe MTE any money for what ARM is trying to collect on. I paid $635 on a $300 loan. And, MTE is saying that I owe $320. Whatever. ARM isn't not contacting me, as I did send the debt validation letter and Cease and Desist. What was your timeframe for all of this? You have me nervous now, and have me thinking that they are going to take me to court. They haven't reported anything on my credit report, did they report on yours?
nope they haven't done anything on mine. And I think it took abo
nope they haven't done anything on mine. And I think it took about 2-3 months before they got back to the DFI. Don't worry, they shouldn't take you to court. Mainly because MTE isn't licensed here anyway. Even the DFI said the judge would throw it out. You have done what you need to do. So there is no need to worry. If there not contacting you then let it be. But if they do start contacting you then file additional complaints. I am thinking that the DFI is getting pretty busy right now. And thats why it is taking so long for them to respond to you. When they send out letters to the CA's they will send you a copy of it also. So you will have proof if anything does come about. You'll be fine :)
WHEW! Thanks, Puddlejmpr!! I'm glad to have a WI ally in all of
WHEW! Thanks, Puddlejmpr!! I'm glad to have a WI ally in all of this! Makes me feel better that I am not alone in this battle! Thanks for all of your info. You have been a great help in my PDL battle.
No problem, that's what I am here for :) Just keep up the fight
No problem, that's what I am here for :) Just keep up the fight and don't let them get to you. If you need anything else you know where to find me :wink: