payday loan

Asked on Sep 12th, 2017 on Consumer Law - New York
More details to this question:
I received a phone call last week from a company stating I owed a payday loan that I have no idea about and was told if I did not pay the balance in full or set up a payment arrangement I would be sued and my wages would be garnished. I was nervous, never been through this before and I set up a payment arrangement and made an initial payment of $125.00. I need legal advice on what to do. I already filed a complaint with the FTC and am going to send a letter to this company today stating that I need debt verification because I do not remember at any time taking out a payday loan.
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Answered on Sep 13th, 2017 at 5:44 AM
Making a payment was a very bad idea.  It looks like you think you owe it.  The whole thing may be a scam.  If you set up an automatic debit from your account you need to block this with the bank, or close the account.  The letter is useless, as is the FTC complaint.

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