716-335-9051

The Federal Trade Commission (FTC), the nation's consumer protection agency, is warning consumers to be on the alert for scam artists posing as debt collectors. It may be hard to tell the difference between a legitimate debt collector and a fake one. Sometimes a fake collector may even have some of your personal information, like a bank account number. A caller may be a fake debt collector if he:

•is seeking payment on a debt for a loan you do not recognize;
•refuses to give you a mailing address or phone number;
•asks you for personal financial or sensitive information; or
•exerts high pressure to try to scare you into paying, such as threatening to have you arrested or to report you to a law enforcement agency.

If you think that a caller may be a fake debt collector:

•Ask the caller for his name, company, street address, and telephone number. Tell the caller that you refuse to discuss any debt until you get a written "validation notice." The notice must include the amount of the debt, the name of the creditor you owe, and your rights under the federal Fair Debt Collection Practices Act.
If a caller refuses to give you all of this information, do not pay! Paying a fake debt collector will not always make them go away. They may make up another debt to try to get more money from you.•Stop speaking with the caller. If you have the caller's address, send a letter demanding that the caller stop contacting you, and keep a copy for your files. By law, real debt collectors must stop calling you if you ask them to in writing.
•Do not give the caller personal financial or other sensitive information. Never give out or confirm personal financial or other sensitive information like your bank account, credit card, or Social Security number unless you know whom you're dealing with. Scam artists, like fake debt collectors, can use your information to commit identity theft – charging your existing credit cards, opening new credit card, checking, or savings accounts, writing fraudulent checks, or taking out loans in your name.
•Contact your creditor. If the debt is legitimate – but you think the collector may not be – contact your creditor about the calls. Share the information you have about the suspicious calls and find out who, if anyone, the creditor has authorized to collect the debt.
•Report the call. Contact the FTC and your state Attorney General's office with information about suspicious callers. Many states have their own debt collection laws in addition to the federal FDCPA. Your Attorney General's office can help you determine your rights under your state's law.

http://www.consumer.ftc.gov/articles/0258-fake-debt-collectors

Got a call from this number saying they want to represent me in a class action lawsuit.

Got a call telling me I needed to call them back because of a case filed against me and they need to advise me of my rights....  Total scam.

No, I am sorry, that is NOT correct.  Payday loans do not always automatically renew.  It depends on what state you live in, actually.  For example, in the state of Alabama, payday loans can only be renewed ONE TIME.  And next door, in the state of Tennessee, payday loans CANNOT be renewed, period.

I agree, it is VERY important to fully understand the laws in your state regarding "deferred presentation loans."  In other words, payday loans.

I encourage everyone who will or has taken out a payday loan to do some research about payday loan laws in your state.  Not only do you need this to ensure you are responsibly handling any payday loan you take out, but you also need to check and be sure (regarding online payday loans especially) that the payday lender you make a transaction with is ALSO following the laws of your state.

This is a late reply to your post of some time ago, but I can't help it, I've just got to say this:

The original post here was NOT about not paying legally transacted payday loans.  It had to do with people who are being charged for alleged payday loans they never took out in the first place.

Evidently, this issue of not paying one's debts is very important to you, and that's fine.  But when the subject matter involves a different aspect, in this case, people receiving collection calls concerning payday loans they never took out in the first place, please take your sensory blinders off and address the REAL issue at hand, instead of making more comments about people who do not pay their debts.  Again, that is NOT what this thread of comments was addressing.

It's not always an issue of people who are being irresponsible with debts they owe.  Sometimes it is instead an illegal matter regarding lending entities, or entities who "pretend" to be lending entities who are all trying to collect on debts that never occurred in the first place.

HIS BUSINESS IS NOT BBB ACCREDITED
Zimmerman Young & Associates

Phone: (866) 410-8063
View Additional Phone Numbers
2211 Sheridan Drive Suite A, Buffalo, NY 14223
! THERE IS AN ALERT ON ZIMMERMAN YOUNG & ASSOCIATES !

BBB® F Rating
On a scale of A+ to F


_______________________________



NYS Department of State
Division of Corporations
Entity Information
The information contained in this database is current through December 5, 2014.

Selected Entity Name: ZIMMERMAN YOUNG AND ASSOCIATES INC
Selected Entity Status Information
Current Entity Name:    ZIMMERMAN YOUNG AND ASSOCIATES INC
DOS ID #:    4291747
Initial DOS Filing Date:    SEPTEMBER 05, 2012
County:    ERIE
Jurisdiction:    NEW YORK
Entity Type:    DOMESTIC BUSINESS CORPORATION
Current Entity Status:    ACTIVE

Selected Entity Address Information
DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
C/O UNITED STATES CORPORATION AGENTS, INC.
7014 13TH AVENUE, SUITE 202
BROOKLYN, NEW YORK, 11228
Registered Agent
UNITED STATES CORPORATION AGENTS, INC.
7014 13TH AVENUE, SUITE 202
BROOKLYN, NEW YORK, 11228

I so WISH that consumers would learn about the laws associated with ALL financial transactions they make.

I've said it before and I will say it again.  We did away with debtor's prisons CENTURIES ago.  Have you ever heard of, or known anyone who has been sentenced to jail for any unpaid debt?  No, and nor will you ever hear of that happening to anyone.  

Unpaid debts are CIVIL, not CRIMINAL issues.  NOBODY will ever go to jail for not paying a debt.

However, if you DO learn of an unpaid debt from your lender transactions of the past, and it is a valid debt, and it hasn't passed the Statute of Limitations IN YOUR STATE SPECIFICALLY that define how many years since the debt someone is trying to collect on it (say the Statute of Limitations regarding unpaid debts is 4 years, and someone has contacted you about an unpaid debt from 5 years ago), you can tell them to take a flying jump...so long, that is, if you haven't made any payments on the debt for 5 years.  If the original debt is from 5 years ago, and in the third year after the original debt was incurred you make a payment on the debt, that will reset the clock so that the whole Statute of Limitations starts all over again, as of your most recent payment on the debt.

HERE IS SOMETHING NOT VERY MANY PEOPLE KNOW ABOUT:  Filing a Slow Pay Motion with the courts in your county and state.

It works like this:  Suppose a creditor decides to sue you for not paying a valid debt you really do owe that entity.  Now you find out you owe a whole lot more due to late fees, etc., and you are being sued for the full amount, including their lawyers fees.  OK...most states, not all...you'll need to check yours, allow a consumer who has received a court summons related to an unpaid debt, to file with their local Clerk of Court what is called a Slow Pay Motion.

You can pick up the legal documents you need to fill out from your local Clerk of Court.  Normally, if you receive a court summons, your court date will be right around 10 days before you need to appear in court in response to a creditor's legal suit against you.  

If you get such a summons, high-tail it to your county Clerk of Court to pick up the forms you need to fill out and have on file with the court BEFORE your actual court date.  These forms will ask for all of your current financial situation (job, salary, debts currently owed, expenses like for car gasoline, groceries, utilities, etc., and then you add in what you can REASONABLY afford to pay each month on the unpaid debt associated with who has made the court summons against you.

When you state what you can reasonably afford every month to pay toward this old debt, BE SURE you have stated an amount YOU REALLY CAN AFFORD to pay towards this old debt.  This is very important as, should you miss one payment on the debt in the future, even by one day, the creditor has the right to proceed in suing you, and at that point, you will have to pay in full the outstanding, remaining amount owed on the debt plus the creditor's lawyer fees, etc. So DO NOT commit to a monthly payment you simply cannot afford, or know that at some future point, you won't be able to afford the monthly payment you stated you could afford.  At this point, you've put yourself right back at square 1, and, in missing the date or amount of that 1 payment means that now the creditor has the legal right, without further approval of the court or your input, to garnish your wages, freeze your bank accounts, and put liens on your property.

Used correctly, the Slow Pay Motion allows you some breathing room in paying an old debt you've not budgeted for paying in some length of time since you did pay the creditor on this unpaid debt.  So say you "KNOW" you can afford $40/month toward the debt until it is paid in full, while the creditor has demanded you pay $115/month on the debt.  Now when you go for your court summons, the judge has all of your financial information, along with your statement about what you can afford to pay on this old debt each month.

Often, the judge will accept your statement as to what you "KNOW" you can afford to pay on this debt until it is paid in full.  Sometimes, the judge will revise the payment amount you say you can pay, and ask you in court if this is acceptable to you.  BE SURE to have a copy of the Slow Pay Motion documents you filed with the court 8-10 days ago with you when you do appear in court so that you can respond intelligently to the judge's alternate monthly payment amount, so that you can agree with the judge, and you can do so because you have all of your financial responsibilities documented in the Slow Pay Motion paperwork that both you and the judge have before each of you.  AGAIN, if you agree to pay a certain amount, whether it is the monthly amount you stated you could afford each month to retire this debt some time in the future, you had better be absolutely certain you can live with whatever payment amount you have documented in the Slow Pay Motion documents now before the judge, or whatever amount the judge wants to revise your monthly payments to, or the whole thing is going to fall apart the first time you miss a payment on this new payment schedule.

In doing this, you've been given a break to where you can get this debt off your credit report, you won't get any more collection calls from this creditor or their collection agency, and the stress of wondering how you are going to be able to pay off this creditor is all behind you now...except for the possibility that you or the judge miscalculated what amount you can REASONABLY pay, month after month, without fail, or face the probability that the creditor will come after you for as much as they can get the first time you miss a payment due by even 1 day.

Check with the laws of your state.  Again, there are a few that do not allow consumers to use the Slow Pay Motion to settle an old debt. It's wise to start looking into using the Slow Pay Motion before receiving a court summons so that you have already documented as much as possible what your financial situation looks like, and you won't run out on the clock as far as getting all the details of your financial situation down on paper and filed with the court as far ahead of your court date as possible.

Good luck to anyone wanting to use this method to settle old debts!!!

Got a call from 716-335-9051, Executive Acqui.. A man left a message stating that he would no longer be able to protect my name or SS number if I don't call back today. He left another number plus a code number. I've never taken out a payday loan or any other kind of loan. I haven't any idea why I'm being called.

Same here!

I received a call from Executive Acqui stating that I owed them money from 2011 Pay Day Loan - Not true.  They called my job and cell phone.  I will be doing some research because I will not be harassed.