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Asset Arbitrators

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Asset Arbitrators Reports & Reviews (5)

- Minneapolis, MN, USA

A Lady called me from an unavailable phone number and left a message telling me that they were contacting me on a debt and to call them at 320-318-4087, during this call the lady gave me a reference number to the claim and also had the last four digits of my social security number. I called them back and another lady told me that they were going to garnish my wages and serve me with a notice at my job. They told me I took out a pay day loan for 400 bucks back in 2013. I have never applied for a payday loan. I believe this is a scam.

Phone call from Asset Arbitrators saying I owned $222.15 to WTJ Capital, LLC for a loan. They claimed 6

payments were made & I still owed the last 2. If I didn't pay immediately, they were going to my home to summons me to court between Noon to 5pm this afternoon. If I wasn't home they will go to my job. I gave them my CC to them & was emailed a conformation from them. I now feel they scammed me. I have not taken a payday loan in the last 10 years. I never heard of WTJ Capital, LLC.

Called my wife claiming she owes for a Payday loan from 2011. Claiming to serve court papers in 48 hours. Would not release any information about loan. Also giving a false loan company name, etc.. After wife using choice words they hung up. Looked up phone number and it comes up for Sandston, Va.

They told me that I had a payday loan that I took out in 2010 and was sent to collections in 2011. They said they needed to verify some information and they had the last 4 digits of my SSN. They gave an address that I have not heard of. In 2010 I was not living in the city where the address was located. They used much maiden name and proceeded to threaten me. They told me they would be filing with the court (in a county that I have never lived in and when I pointed this out they changed it to Tulsa county). They then said that my wages would be garnished, my license suspended, and they would take possession of any assets or land I currently have. They said I can resolve this or contact my attorney. When I told them I would get an attorney, he became belligerent.

- Princeton, IN, USA

They leave messages saying that they are coming to your work between 12-5 the following day and will need your boss to verify your identity. That if you want to avoid this you can call them and settle it over the phone. When I asked for hard copies of any debt or collection attempts they refused stating they are arbitrators not a collection agency and are just trying to assist you in paying the debt before it becomes a civil case. Due to receiving calls of this type in the past I have researched collection laws in my state and was able to quote things to this person about statute of limitations and requirements to provide hard copies documenting anything regarding the alleged debt. She hung up on me, I tried to call back and she would not answer. I blocked my number and called again and she gave me a different name for herself, but it was the same person. I continued to push her to provide information so she gave me the name of a payday loan company I used over 10 years ago and knew I had never had any type of collection with them. I told her that and she continued to talk very fast not letting me get in a word, continued to insist I settle this debt over the phone right then and there, so I went a little postal on her and told her that this summons she was going to deliver she could deliver to the funeral home because I was going to kill myself over the stress she had caused me. At that point she became human and pleaded with me not to take such drastic action over a small 250.00 amount. I do suffer from depression and have been suicidal before and this kind of stuff can push you over the edge. She at that point agreed to remove me from their list and consider the debt settled. These type of organizations need to be held accountable for their actions and need to be prosecuted for committing fraud. Also, for harassment and stress brought on by the threat of jail or coming to your job. I have posted on every site I can about this phone number hoping to educate people not to just give into the fear and pay something they don't owe. The first amount they asked for was 500 and then were willing to settle for 250. I later contacted the payday loan company and they said I had not ben there in so long they didn't even have a file on me but that if I had gone to collections it would come up and it did not show any collections for me. They were going to report it to their district manager so they would be aware that their company name was being used in an effort to extort money from innocent, hard working people.

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