Payday Loans Debt Consolidation

Five Basic Things You Must Do To Deal With Illegal Debt Collection Calls Regarding Internet Payday Loans

Internet payday loans can be very risky, not just because they are very expensive but also because it can sometimes turn out to be very difficult to get out of it even if you repay the loan. It has been a very common practice among many unscrupulous payday lenders to give illegal debt collection calls to consumers even in cases where the payments have already been made. Since online lenders are hard to locate, people often get confused and worried on how to deal with them. The first thing that is very important for you to understand is that the laws are always on your side. Always remember, your state laws will be applicable regardless of where the lender is located; where you are located matters, not where the lender is. So, you can always file a complaint against such lenders with your state authority if they are harassing you. Besides that, you must also do these five basic things in this regard.

Ask Them To Provide Proof Of Loan

If you are getting illegal collection calls for the repayment of Internet payday loans that you have already paid, you must first ask them to provide you the proof that you still owe the debts. It should be a written proof, in the form of certain documents, and sent to you via postal mails. Some debt collectors may try to fool you by saying that the responsibility for proof is yours.

Ask For Their Contact Details

Ask the debt collector to provide you the name and the physical address of both the lender and the debt collection agency. Once you get the details, send them a “cease and desist” letter, where you should specifically mention that you no more owe those debts and that you want them to stop calling you. Make sure you keep a copy of that letter to yourself. It will be better if you attach some proofs of payment along with the letter. Illegal debt collectors will never provide you their contact details because this way they can easily be tracked down. Besides that, they also fear that you may file a lawsuit against them for the violation of the Fair Debt Collection Act. It means when you ask them to provide their contact details, they will get the hint that you are an informed and educated consumer and that you are well aware of what your legal rights are. Eventually, they are very much likely to stop harassing you with illegal collection calls regarding Internet payday loans that you already have paid.

Record The Phone Calls

Here, it is important to note that recording phone calls without informing the caller is not legal in all states. Many states require you to get permission from the caller before you record the call. But, this permission must not be in writing; just informing the caller that you are recording the call is enough to fulfill the legal requirement regarding permission. If the caller continues the conversation even after getting informed that the call is being recorded, it is legally considered as his/her permission. This is a strong step that guarantees results. The illegal debt collectors are likely to stop making harassing collection calls to you anymore.

Do Not Pay Attention To Legal Threats

If you know that you have already paid certain Internet payday loans and that the collection calls are completely illegal, you do not need to get worried when the caller threats you with legal actions. It is a common practice for such illegal debt collectors to terrify consumers by saying that they must provide their credit card details or other crucial financial information immediately otherwise they will be sent to jail. Always remember, non-payment of debt is not a criminal activity; it is a civil matter. It is an illegal threat even if you really owe some debts. In your case, the collection calls are illegal at the first place and then the callers are giving you illegal threats. So, you need not get terrified with such threats. Just tell them that you know about your legal rights, and that if they do not stop such calls, you are going to file a complaint against them.

You must also know that many illegal debt collectors often use official sounding names, such as “Financial Crime Division” or other such names. You are strongly recommended not get intimidated with such names. If you have already paid Internet payday loans and still getting collection calls, it only means that you are being scammed. File a legal complaint immediately if the calls do not stop even after using the above five steps. You can even file a FIR with the police.


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Posted in Payday Loan Laws, Payday Loans Debt Consolidation | 1 Comment »

One Response to “Five Basic Things You Must Do To Deal With Illegal Debt Collection Calls Regarding Internet Payday Loans”

  1. ritchie says:

    Pay day loan from a company which is present on internet without their physical appearance can prove to be really expensive. Internet based companies are very difficult to locate because they do not provide their exact location, sometimes you repay the loan amount in full and still you get the harassment calls from the collection agencies. The first thing you can do is to demand them a written proof of that you have not paid the loan in full. Fair Debt Collection Act is favor of you and you can file a lawsuit against the creditors and the collection agencies for harassing you. You can send them the proof of repayment with a letter with strong words about the legal action you can take. It is quite possible that they will stop collection calls after receiving your letter. In case, they still give you a call you can just go to record the call and tell them in between the conversation that you are recording the call, if they keep talking it means they are comfortable with the recording. It will help you in legal proceedings. Collection agencies can not file a criminal case against you even if you have not done the repayment.

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