Payday Debt Collection

by Sam
(albuquerque nm)

Well I have some questions concerning mistakes I have made using payday loans, I was not able to get out of what I have gotten in and now I get calls from NR group stating they are going to sue me if I don’t pay it is in the amount of $1,300.00 dollars, what can I do to clear this I am a mixed up and at my wits end I don’t have the experience and I really don’t know what to do, I just feel like hiding under the biggest rock I can to keep my face from the shame the messages they leave and the way they speak to you is outrageously rude. What would you recommend?

Comments for Payday Debt Collection

Click here to add your own comments

Nov 20, 2009
How to deal with payday loan debt collectors
by: Gerri


I understand how stressful this must be. But you're taking the right approach to look for a solution rather than just avoiding the debt collector.

It sounds like you are dealing with a third party collection agency and not the payday lender itself. Is that correct? It does make a difference since third party debt collectors are regulated under the Fair Debt Collection Practices Act. (You can tell if they are a 3rd party collector, if the name of the company collecting is different than the name of the payday lender from whom you borrowed money.)

If this is a collection agency, then please be sure to download our free debt collection worksheet. Next time you talk with them, have it handy so you can take notes. I know it's stressful, but try to approach it as a fact-finding mission and try not to let them push your buttons.

Explain what you can afford to pay, then ask them to work with you. If you can't pay anything, have a short explanation why and tell them you want to pay it but you can't right now.

If they make statements such as "If you don't pay right away we'll sue you," ask them politely if they are a law firm. Ask them when they plan to file suit. If they are not a law firm, they may be bluffing, and may be violating the FDCPA by discussing legal action that they cannot or don't intend to take. Even if they are a law firm, they may have no intention of suing for that small amount.

Our ebook will give you more guidance on dealing with them. Another good option is for you to talk with a consumer law attorney with experience in debt collection cases. Learn how to get low cost or FREE legal help with your debt collection problem here.

Please let Mary and me know how this goes OK?

Click here to add your own comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2021 by Mary Reed and Gerri Detweiler.
All rights reserved..
Read our Privacy Policy here. Do not sell my information.