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I have a question. I live in NJ and I took out a PayDay loan with Plain Green which I haven't been able to pay back so they enlisted Frontier Financial to call me for collection. I still don't have any money to pay them and they keep calling me and they just called and said that they are going to send an income verfication letter to my employer to collect the funds. Are they allowed to do that? First off I took out a loan for 700 dollars and they are saying I owe them 1500 which I know I only have to pay back the principal because I live in NJ. Its just been hard lately because I'm trying to get back on my feet.
Going to send an income verfication letter
Welcome to the forums!!!
You’re right. You are required to pay them only the borrowed amount, nothing more than that. They are just trying to scare you, they can’t do anything. Close down your old bank account and open a new one to stop debiting money from your account. If required file a complaint against them to the SAG or FTC.