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Shady loan company. Help!
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<blockquote data-quote="Mattsmom277" data-source="post: 576547" data-attributes="member: 4264"><p>The very fact that your total bill is standing at nearly a thousand dollars on a original loan of a few hundred, and that they have already seen how much money from you? It sounded like you've made quite a lot of payments ... well it all adds up to super shady regardless of if you closed the account. Even if you intentionally BURNED the paperwork, by telling them you no longer have the original contract and are NOT paying another cent NOR speaking to ANYONE until you get a copy of certain things, you cover your butt. To collect a debt and to go to court to enforce payment from you, they need to have the original contract paperwork, and the history of all payments made, outline of what penalty fees were added and why, interest charges as they accumulated etc. A court requires that proof, so if they can't provide it to YOU, they don't have it and won't be going to a court empty handed. Request all listed here, demand no more phone or email contact. Make it clear it must ALL be done in writing. Send any correspondence to them via registered mail so that they must sign for it. Keep a dated copy for yourself and attach a print out of the signature that accepts delivery of any mail from you. Don't put in useless chatter in any mail. Repeat the request for the list of documents OR a letter confirming indeed you ARE done paying and that the loan is no considered paid in full. Don't get worried about it, they aren't suing anybody for that amount of money, and certainly not with their shifty history which would need explaining in a court. You've got enough stress going on, don't let this all get you down. You'll get it settled, just stick to the mail only correspondence, head to your previous bank and get the payments history for what you did pay. About how much do you figure you paid already? I hate those dang pay day loan companies. Yes they come in handy in a jam. But the companies mostly tend to be very corrupt and this is exactly what they do to people and get away with because people panic and accept their threats. Don't fall for it. Keep cool about it and get them to cough up documents or go away.</p></blockquote><p></p>
[QUOTE="Mattsmom277, post: 576547, member: 4264"] The very fact that your total bill is standing at nearly a thousand dollars on a original loan of a few hundred, and that they have already seen how much money from you? It sounded like you've made quite a lot of payments ... well it all adds up to super shady regardless of if you closed the account. Even if you intentionally BURNED the paperwork, by telling them you no longer have the original contract and are NOT paying another cent NOR speaking to ANYONE until you get a copy of certain things, you cover your butt. To collect a debt and to go to court to enforce payment from you, they need to have the original contract paperwork, and the history of all payments made, outline of what penalty fees were added and why, interest charges as they accumulated etc. A court requires that proof, so if they can't provide it to YOU, they don't have it and won't be going to a court empty handed. Request all listed here, demand no more phone or email contact. Make it clear it must ALL be done in writing. Send any correspondence to them via registered mail so that they must sign for it. Keep a dated copy for yourself and attach a print out of the signature that accepts delivery of any mail from you. Don't put in useless chatter in any mail. Repeat the request for the list of documents OR a letter confirming indeed you ARE done paying and that the loan is no considered paid in full. Don't get worried about it, they aren't suing anybody for that amount of money, and certainly not with their shifty history which would need explaining in a court. You've got enough stress going on, don't let this all get you down. You'll get it settled, just stick to the mail only correspondence, head to your previous bank and get the payments history for what you did pay. About how much do you figure you paid already? I hate those dang pay day loan companies. Yes they come in handy in a jam. But the companies mostly tend to be very corrupt and this is exactly what they do to people and get away with because people panic and accept their threats. Don't fall for it. Keep cool about it and get them to cough up documents or go away. [/QUOTE]
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Shady loan company. Help!
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