That depends on the state where the money was loaned. As for my state, the State of Califronia, there are specific laws that govern any type of payday loan, on line or not. Many people do not know that in California, they cannot "automatically" renew your loan every two weeks and take $90+ dollars and call it interest. In California, they can only charge interest in the amount of $17.50 per $100.00 borrowed, and they cannot "renew" or continue to charge interest every two weeks. This number is a scam, and anyone who knows anything knows that in order to sue you, civil or criminal court, they have to FILE IN PERSON, and you have to be LEGALLY SERVED!. They cannot call in a lawsuit, nor can they email it in.
You are going to be legally prosecuted in the Court House within couple of days. Your SSN is put on hold by US Government, so before something goes wrong we would like to notify you about this matter.
It seems apparent that you have chosen to ignore all our efforts to contact you in order to resolve your debt with Payday Services. At this point you have made your intentions clear and leave us no choice but to protect our interest in this matter.
UNITED LEGAL INVESTIGATION BUREAU HAS STATED 4 SERIOUS ALLEGATIONS AGAINST YOU AND THEY ARE:
(1) VIOLATION OF FEDERAL BANKING REGULATION
(2) COLLATERAL CHECK FRAUD
(3) THEFT BY DECEPTION
(4) AND THE BIGGEST ONE IS E.F.T. THAT IS ELECTRONIC FUND TRANSFER
Now, this means few things for you. If you are under any state probation or payroll we need you to inform your superior or manager what you have done in the past and what would be the consequences once the case has been downloaded and executed in your name.
If we do not hear from you within 48 hours of the date on this letter, we will be compelled to seek legal representation from our in-house attorney. We reserve the right to commence litigation for intent to commit wire fraud under the pretense of refusing to repay a debt committed to, by use of the internet. In addition we reserve the right to seek recovery for the balance due, as well as legal fees and any court cost incurred.
WE HAVE ALL THE RIGHTS RESERVED TO INFORM TO FBI, FTC, YOUR EMPLOYER AND BANK ABOUT FRAUD.
And once you found guilty into the court house than you have to bear the entire cost for this law suit $4271.15 which is excluding loan amount, attorney's fees, and the interest charges. You have the right to hire an attorney. If you don't have one or if you can't afford then one will be appointed to you.
We believe that this was not your intent and that these steps are unnecessary. We merely require you to contact our recovery asset location department at +1-408-837-0077 from 9.30 to 6.30 (EST).
IF YOU WANT TO RESOLVE THIS MATTER THAN IMMEDIATELY CONTACT US THRU EMAIL OR CALL US BETWEEN WORKING HOURS ON +1-408-837-0077
Confidentiality Statement & Notice: This email is covered by the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521 and intended only for the use of the individual or entity to which it is addressed. Any review, retransmission, dissemination to unauthorized persons or other use of the original message and any attachments is strictly prohibited. If you received this electronic transmission in error, please reply to the above-referenced sender about the error and permanently delete this message. Thank you for your cooperation.
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Best Wishes
Scott Wilson
Sr. Investigation Officer (Department - Law & Enforcement) ACS Incorporation
Here's the deal, this place is a scam. They get your info when you're applying for these online loans. This company can't do anything to you but if you owe money and you think they can't come after you, think again. I'm in the business and I have numerous clients that have been taken to civil court. A judgement is placed and the money is owed. At that point they can garnish your wages. So don't think nothing can happen, you borrowed the money and they want it back
You're right in that a LEGITIMATE debt can be issued a judgement in the creditor's favor and depending on your state, your wages can be garnished.
HOWEVER.....a legitimate creditor does not contact you by email only. A legitimate judgement is not handed down via email or phone calls. A legitimate creditor does not threaten criminal action (they have no power to administer criminal action).