Consumer complaint received 2022-11-05
Company: CNG FINANCIAL CORPORATION
State: CA
Product: Debt collection
Sub-product: Payday loan debt
Issue: Took or threatened to take negative or legal action
Sub-issue: Threatened to sue you for very old debt

Complaint:
Back between XXXX to XXXX I took out a payday loan from XXXX XXXX XXXX  here in XXXX California for approximately XXXX to {$500.00}. I believe I may have already paid off this debt but I can not get back into that particular Gmail account double check. Anyway im XXXX of XXXX a company known as XXXX XXXX XXXX contacted me about this debt. I asked the representative about statues of limitation on this debt and they inform me that there was no such thing she also informed me that if I did not pay that they're going to take me to court go after my taxes go after my paycheck put a lien on any vehicles or property that I may own as well as take me to court out of state. Eventually the female representative convince my wife and I to make a payment after we made a payment of approximately {$300.00}, they called me back and said that I was misinformed or I miss read something they do not want {$300.00}, they want approximately $ XXXX {$10000.00} from me. The representative then said that they put me on a payment plan something didn't seem right with me so I looked into a couple of things I found out that the state of California does have a statute of limitations on collecting a stat of only 4 years. On XX/XX/XXXX the representative contacted me again and I informed her that I found out what California state law says and that they violated it and they would not receive another payment from me and my wife and they can take us to court. I did not hear anything back from them or received any kind of letters or statements from XXXX on XX/XX/XXXX I was contacted by a company named XXXX XXXX XXXX, The conversation lasted 8 minutes with them. The representative from XXXX XXXX XXXX said that he was contacting me on the behalf of XXXX XXXX XXXX which is now known as XXXX XXXX about the contract and the debt that I had back in XXXX I found out during our conversation that XXXX closed my file and after merging with XXXX they reopened my file I also informed the representative I was on the phone with that the contract should be considered legally null and void do to the California state laws on the statues of limitations which they violated and that the contract is based on misleading, false information and lies. I gave the representative my new address and immediately started some research. I wish thst I would have known back in XXXX about the Federal guidelines statues and regulations on debt collecting. I also contacted a few different lawyers and spoke to them. I also found out with my research that XXXX XXXX XXXX has been sued multiple times in court and multiple different states for violations of the federal statues under the FDCPA and other states laws. If I add up all the laws that I understand correctly XXXX violated roughly 30 California state laws and Federal guidelines and statues on debt collecting it just with my situation. I believe I know why it took them over a year to contact me about this matter and possibly take me to court because the FDCPA guidelines states that I have a year we file a complaint or to take the company to court for the multiple violations. Every two weeks since then I have checked my local Courts website to see if there's a case pending against me so far I have not found one.

Company response to consumer: Closed with explanation