Coastal Financial Services Collection Agency Scam Nationwide

Coastal Financial Service, or Global Financial Service was who they stated they were the first time they called.  

Myself, family and friends were receiving harassing calls stating there was a "Formal Complaint" filed against me, by what sounded like a male impersonating a law enforcement officer and then my name was computer generated.

So I call and asked the usual questions, Who, What, Where and When.  

Of course, they couldn't provide any information other than last 4 of my SS#, an old address and some ridiculous amount of money I supposedly owned.  They stated the loan was processed on line and they had no documents they could mail me certified.

I asked where they were located, nope no information.  All the woman kept saying was "Are you listening to me," and talking over everything I was asking about the loan.  Round we went, with why they couldn't send anything, did they have a legal signature, who the loan was placed with, which, she actually stated several payday loan companies. I asked well which one is it?

The woman then stated they were a mediator and asked how I'd like to pay the loan. I stated I wasn't until I contacted the Credit Agency's and placing a Fraud Alert on my credit.

She then started to become angry with me and told me "That wasn't part of her job and she didn't care what I did", she would document it in the system and I would be receiving courts documents in the mail and that the loan would be increased up to 500%, yes 500% the amount of the loan and I would be responsible for all court costs and fees.  

I then asked if this loan was owed since 2013, why wasn't it placed on my credit report? Oh we are not a collection agency, we are a mediation company.  I asked, then why are you asking to pay the loan off?  No answer.  When I asked how I could pay the loan off, she stated I put your answer in the computer and I can't change it.  I then told her I'd see them in court and hung up.

These people are nasty when they call and even more when your talking with them.  They don't care what you have to say, they want "You to Listen" to them.  

I hope this helps someone else dealing with this company.  Credit Fraud or whatever, just don't let them manipulate you into payment or scare you with the 500% increase and court, you'll never see it.

Any legitimate collection will send any information you are requesting and work with you, not threaten and harass you into payment.  Plus I've never heard of a mediation service for collections.

Good Luck!