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I had a payday loan with Vince enterprises for 300. I have paid them $360. Well I sent them the letter stating that they are not licensed in my state of MS, etc.. I sent this numerous times, by email & fax & never received a response from them. Well today I received a call from NCA collection agency stating that I had a balance of $510 that is owed to Vince & if I didn't pay this now they are going to report this on my credit. What can I do to make sure this doesn't go on my credit & I have already paid Vince 360. There fee is actually 90, so maybe I owe them 30 but not 510??? Is this a valid collection company & how do I get in touch w/Vince? PLEASE HELP
Is this a valid collection company
Welcome to the forums!!!
If your lender is not licensed in your state, then you are required to pay back them only the principal. Don’t pay them any interest or fees. Close down your old bank account and open a new one. Ask them for a refund as you have already overpaid them.