Expert: Chris Ebert - 3/4/2011

Question
I had a Payday loan in 2008 which was charged off by the original company, Cash Central, in Utah. I am now getting threatening calls from an "attorney" stating that "there is a pending legal matter" and demanding over $1300 dollars. The original amount of the loan was $314.00.  My employer received a fax requesting information regarding my employment and when my boss called the phone number on the paper all they would tell him was that it was regarding "possible garnishment".  I want to clear this up but do NOT feel I owe anyone over $1300.00.  What can I do?

Answer
Linda,

You need to:

1) Stop the calls and contact at work by sending out a cease and desist letter. Simply send a certified letter letting them know that you can not be contacted at work and let them know they can mail you at your house. A sample letter is at:  http://www.henleycreditlaw.com/diy-credit-repair/ Use the sample letter to creditors.

2) Send in the dispute letter from #1 to get the documentation of how they calculated the $1300.00

3) Negotiate the best you can to get that number below the $1300.00

Chris Ebert
http://www.henleycreditlaw.com