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I received a phone call last week from a company stating I owed a payday loan that I have no idea about and was told if I did not pay the balance in full or set up a payment arrangement I would be sued and my wages would be garnished. I was nervous, never been through this before and I set up a payment arrangement and made an initial payment of $125.00. I need legal advice on what to do. I already filed a complaint with the FTC and am going to send a letter to this company today stating that I need debt verification because I do not remember at any time taking out a payday loan.
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Making a payment was a very bad idea. It looks like you think you owe it. The whole thing may be a scam. If you set up an automatic debit from your account you need to block this with the bank, or close the account. The letter is useless, as is the FTC complaint.
Answered on Sep 13th, 2017 at 5:44 AM