ED Magedson – Founder
Providian National Bank Card Visa, New Hampshire United States of America
I received a call from a "Law office" concerning collection of a debt from more than 15 years ago. They wanted to collect $640 for a visa card from Providian National Bank. My limit at that time was only $300 and majority of that was a "processing fee". I stopped paying.
Now they turned it over to a collection agency calling themselves a "law office" and threatened me. I tried to get them to let me pay monthly payments of $50 a month. They insisted that in order for them to allow me to pay monthly payments, I will have to issue them 5 post dated checks. Two in the amount of $100 and three in the amount of $50. I refused telling them that this is illegal and they can cash it anytime. The "manager" was rude and demanding and insisted that it is illegal by the law and the law of the banking industry that he cash it before the date that is posted on the check.
He would not give me advice on the ramifications if I do not pay this debt as he stated he is not an attorney, but they are a law office. He then told me "good luck - you're gonna need it" and hung up on me.
I called my bank and they told me it IS illegal to post date checks and if I were to do it, there is nothing to protect me from them cashing it all in one lump sum.
What are the ramifications if I do not pay this debt? And is this debt true since majority of it is "processing fee"? I don't remember, but I'm sure I have paid what I charged, (which wasn't much).
This report was posted on Ripoff Report on 09/14/2009 07:51 AM and is a permanent record located here: http://www.ripoffreport.com/r/Providian-National-Bank-Card-Visa/-New-Hampshire-/Providian-National-Bank-Card-Visa-Tried-to-make-me-pay-by-post-dating-5-checks-New-Hampsh-494492. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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