I received a phone call at my home saying it was from an attorney's office and for me to call them back and refer to a case number. I immediately went online and found the phone number belonging to ACA Recovery. In researching them, RIPOFFREPORT.COM was a big help. I saw how many others were having problems and how NOT to EVER discuss anything with them over the phone (why get in an arguement?). So I faxed them a request to never call me again and to send me documentation of why they were contacting me.
I received a long note and disclosure in the mail. I was my first and last name, yes, but that's it.
The address on the online loan through either XTRACASH1000.COM or CASHADVANCENETWORK.COM (both are listed on paperwork), is an invalid Delaware address. It's close enough, but doesn't exist as typed.
Secondly, I contacted Commerce Bank, whom I do not even have an account, to notify them that someone was debiting someone's account and I think it's fraud. I was able to get them to look up the checking account- and it doesn't even exist.
When I concacted the "attorney" again, I found that they are an agency that represents the online lenders. They rattled off some social security number that wasn't mine and decided to just let me off the hook. They said they must have gotten my number from a directory assistance (based soley on my name).
Since the account is invalid, the address is invalid, how could this loan even remotely be valid? The annual percentage on this loan note is listed at 1,368.750% Can you believe it??? I thought there was a caps on an interest rate you could charge and I've never seen one more than 30%.
So I've got 3 bogus facts going on here. I strongly feel if I had volunteered my social security # up front I would have opened a huge problem for me. They would have started to claim my debt or worse.
NEVER NEVER give you social security number out to anyone that is not verified by you. If they ask for it over the phone, tell them too bad. If they don't feel you are who you are, then they can mail it to the address they have. I've had them tell me they've done that already - I just say do it again.
Don't use these online services. I don't know how they promise you something, but apparently it's very costly. And be cautious when someone calls you. You may not have the best credit and a call may seem expected, but verify who they are first.
I hope I've helped someone like the previous posts helped me. I do have a call into the Delaware Attorney General's office to expose this situation. I do not find this to be a joke.