I got a call and an e-mail from this "company". If you ever dealt with Cash Net USA, or some other payday loan company, this is the reason why they are calling. I live in Pennsylvania where the Governor and State Attorney General made "Payday Loans" illegal, and nullified any debt from such "Payday Loan" companies. There are other states who have done the same thing. Check your state laws. You just might be in luck.
As for this company doing the "collecting", they have been calling me for years. First from California area codes, then Washington State, then Ohio and now Florida. They seem to call every 6 to 10 months at random. Their collecting efforts are clearly against the law. However, the more concerning issue is these individuals have our personal information, social security number, etc. Companies like Cash Net USA sold off the bad debt to third party collection agencies, who sold them to other junk debt buyers like these Indian jerks. I am exploring a class action lawsuit against whoever is responsible for selling off the debt to unqualified individuals. This is supposed to be a regulated industry, which as we have found out, looks like there is no oversight. These Indian guys now identified themselves as "ACS Inc." - the company that manages student loans. It's a total scam and we need to get together to bring these people to justice!
They say that they are representing Payday Services and that United Legal Investigation Bureau has three allegations against me.
1. Violation of Federal Banking Regulation
2.Collateral check fraud.
3.Theft by deception.
DUE AMOUNT $931.52
IF I DON'T RESPOND IN 48 HRS.THEY WILL SUE .
They are going to contact the FBI,FTC,my employer and my bank and that it will end up costing me $4769.87.
They even read me my rights and say that if I can not afford an attorney one will be appointed to me.
They have a case number which just happens to be the same as the account number,HK-67587
Then they go on to say that they believe it was not my intent to commit fraud and to call 1-239-247-5600
I got a call and an e-mail from this "company". If you ever dealt with Cash Net USA, or some other payday loan company, this is the reason why they are calling. I live in Pennsylvania where the Governor and State Attorney General made "Payday Loans" illegal, and nullified any debt from such "Payday Loan" companies. There are other states who have done the same thing. Check your state laws. You just might be in luck.
As for this company doing the "collecting", they have been calling me for years. First from California area codes, then Washington State, then Ohio and now Florida. They seem to call every 6 to 10 months at random. Their collecting efforts are clearly against the law. However, the more concerning issue is these individuals have our personal information, social security number, etc. Companies like Cash Net USA sold off the bad debt to third party collection agencies, who sold them to other junk debt buyers like these Indian jerks. I am exploring a class action lawsuit against whoever is responsible for selling off the debt to unqualified individuals. This is supposed to be a regulated industry, which as we have found out, looks like there is no oversight. These Indian guys now identified themselves as "ACS Inc." - the company that manages student loans. It's a total scam and we need to get together to bring these people to justice!
One other note, if you do have a defaulted "Payday Loan", be sure to call the company to find out how much they sold the debt off to the third party. In my case, the original debt was $870. Cash Net told me they sold the debt to the third party for $40! That being said, when that third party can't collect, the price continues to drop even more. Just a thought to keep a step ahead of these guys.