Contact Us/Help!
Handle:
Password:
Forget Your Password?    Join for FREE!
lamar
SGV, LA, CA
459 blogs/3591 comments
since Jun 13 2016

Level 4
AttributeLevel
Overall4
Safety4
Compliance5
Integrity5
Reliability4
Karma4
See Photo Albums
ID theft for a Pay Day Loan.
Oct 5 2021 09:18PM more by lamar
Tags: Random

In identity theft, if someone takes out a Payday Loan in my name, am I liable for the debt? If so, why?

Woman called to inform me that I had defaulted on my payday loan. She had all my personal information except current address, I hadn't lived there for fifteen years. She suggested that I pay them then find the person who applied for the loan sue them and get my money back. I explained that I didn't apply for a loan with them and couldn't help them to recover their money. She explained how embarrassing it will be for me when I'm arrested in front of my neighbors or coworkers.

Google say no you are not liable for a debt that you did apply for, co-sign for or authorize. You should first dispute the debt to the payday lender that made the fraudulent loan. They will likely require that you fill out a fraud affidavit, which you should do.

After you have disputed the fraud debt to the lender verbally and in writing, you should also obtain a police report. You should dispute in writing to any credit bureaus that report the fraud debt on your credit reports and provide the credit bureaus with a copy of your police report. If the credit bureaus do not remove the fraud debt from your credit report, they have violated the Fair Credit Reporting Act and can be sued for you by a consumer attorney.
      
There are 6 comments on this blog.
Nacraman
Santa Barbara, Central Coast, CA
87 blogs/3142 comments
since Feb 21 2009

Level 1
AttributeLevel
Overall1
Safety2
Compliance1
Integrity1
Reliability2
Karma2
See Photo Albums
Oct 5 2021 09:37PM     link to this

Sorry that happened, don't they have an extensive cameras system in those places? 📷💰
remo_williams
Irvine, OC, CA
16 blogs/1133 comments
since Feb 14 2006

Level 2
AttributeLevel
Overall2
Safety3
Compliance3
Integrity2
Reliability2
Karma3
See Photo Albums
Oct 5 2021 09:51PM     link to this

Huh?

Pay day loans are for those that can't qualify for a bank loan.
By it's very nature the loans are very small, high interest, and very short term.

Think about it, what "pay day" lender would loan based on a 15 year old address and not have a current address. Those guys would insist on current addy and copy of drivers license copy.

Granted, they aren't regulated like SEC or FDIC regulated lenders, so they don't have to follow traditional lending practices, but you are being scammed.

Investigate the "pay day" guys and threaten to sue them (but have a lawyer on retainer - don't make an empty threat)

doesn't pass the sniff test.
remo_williams
Irvine, OC, CA
16 blogs/1133 comments
since Feb 14 2006

Level 2
AttributeLevel
Overall2
Safety3
Compliance3
Integrity2
Reliability2
Karma3
See Photo Albums
Oct 5 2021 09:55PM     link to this

Oh, and how can they arrest you if they don't know your current address.

Besides, to the best of my knowledge, there is no such thing as debtors prison any longer, you CANT be arrested for an unpaid debt. Hit your credit score sure, but arrested?

Not going to happen, especially not for small change.

I'm calling big time bull crap.
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Oct 5 2021 10:20PM     link to this


She explained how embarrassing it will be for me when I'm arrested in front of my neighbors or coworkers.

i like this part

kinda makes me think they B in on the whole thing

how much we talking again?



lamar
SGV, LA, CA
459 blogs/3591 comments
since Jun 13 2016

Level 4
AttributeLevel
Overall4
Safety4
Compliance5
Integrity5
Reliability4
Karma4
See Photo Albums
Oct 5 2021 10:33PM     link to this

She never said how much the balance was.

Good point, it could have been a total scam, I never thought about that before.
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Oct 5 2021 10:35PM     link to this

well, there you go this B solved




There are 6 comments on this blog.