I received a call from this number. A woman identified herself as Nicole Cochran and said she works with the Criminal Investigation Dept. of Dorothy Thornton and Associates. She was calling on behalf of my sister and basically said if my sister didn't call by the end of the day (7-9-10) she would have a warrant out for her arrest. After making a phone call to someone else for help they said this person is probably just a collection agency and I shouldn't worry about it. Well, you do worry about it when these people are so sure-sounding and give you case numbers, etc.. I'm only posting this as another warning since a different phone number was listed when I Googled DT and Assoc.
yes my wife had the same and yes the same lady an phone number they can turn over check once they send cert. copy to you and request payment but they want because by law they can only collect the amount of the check pluss bank fees but NO FEES FOR THE COLLECTION COMPANY so you see its scare tactics to collect not only the check amount & bank fees but the collection agency fee in my wifes case yes see owed the amount do to a payday loan but they never requested the check be paid they just turned it over to the collect company HEY! A&& holes we'll pay the check an bank but not your fee dont like that well then they can take you to small claims court where once they win a jugement can be placed on you for check an fees. So guys their it is do what you feel you must me to hell with em lets go to court and show court the tactics this company is using IF YOU GET A BAD CHECK JUST TURN IT OVER , THE DA WILL FIRST GIVE PERSON CHANCE TO PAY THEN AN ONLY THEN A WARRENT CAN BE PUT UP FOR YOUR AREST in state of texas see your state laws.
they can turn the original check over to the da but then the da will send you a cert. letter to pay said check and bank fees not an aresst warrent. They can also sue you in small claims court this is more likley however they can only win a judgement for the amounts ALL FEES but you want go to jail its all scare tactics to get you to pay ALL FEES they dont want to waste time in court.
Texas payday loan laws were first enacted in June of 2000. As with other states, Texas payday loan laws state that a lender must obtain a license before they operate. Under Texas state law, a company that engages in the business of payday loans is defined as any person(s) making cash advances in exchange for a consumer’s personal check, or in exchange fore the consumer’s authorization to debit the consumer’s deposit account. The licensing laws for payday loan lenders in Texas are the same as stated under the Texas Finance Code Ann. 342. Texas payday loan laws have different requirements on fees than other states. Under Texas law a lender is allowed to charge no more than $1 per $5 that’s borrowed for loans under $30. For loans over $30 but no more than $100, a service fee of one-tenth the amount can be applied. And for cash advances over $100, a fee of no more than $10 can be charged.
Texas payday loan laws also permit handling charges in addition to service or interest fees. Under Texas law, a $3.50 handling charge can be added each month to the total amount as long as the amount of the loan doesn’t exceed $35. If the cash advance is over $35 but no more than $70, monthly handling charge of $4 can be applied. For loans over that amount, a $4 fee can be added each month for every $100 that’s borrowed.
Payday loan lenders in Texas must post a notice with a fee schedule along with a written agreement. The agreement must contain the name of the lender, the transaction date, the amount of the check, an itemization of fees, the earliest date the check must be deposited, and a total amount expressed in U.S. dollars and as an annual percentage rate. The agreement form should have the name, address, and phone number of the Consumer Credit Commissioner. Texas payday loan laws also require that the agreement form provide a notice that sates payday loans are intended for short-term cash needs.
Texas payday loan laws prohibit lenders from dividing one loan into two loans for the sole purpose of collecting higher interest fees. The maximum term limit for payday loans in Texas is 31 days. The minimal term limit for payday loans is 7 days.
Under Texas law, a lender cannot pursue criminal charges to collect on a debt. Also, a payday loan lender is limited as to how many times a loan can be renewed. Currently under Texas law, lenders are allowed to renew a payday loan one time each month.