Jacob Law Group / Jacob Collection Group

First of all, if you get Social Security, direct deposit they cannot garnish your "Direct Deposited" Social security check, SSI, Social Security Disability as long as it is "Direct deposited" into your bank account. If they get a judgment against you they have to notify you before that happens for a court date (Due process) hearing. IF you have any other monies that is not social security, SSI, railroad retirement, VA, etc. that is not direct deposited, well, they can garnish your bank account and get that. The law states the banks have to leave at least $2000 in your bank account for you to use, but the rest can be garnished to pay a creditor. That is according to the Consumer Financial Protection Bureau.

thank goodness that was resolved...

State of Connecticut Department of Banking
260 Constitution Plaza
Hartford, CT [protected]
Phone: [protected]

Tuesday, 8 March
State of Connecticut Department of Banking
* * * * * * * * * * * * * * * * * * * *
IN THE MATTER OF: JACOB COLLECTION GROUP, LLC ("Jacob Collection Group")
* * * * * * * * * * * * * * * * * * * *
SETTLEMENT AGREEMENT

WHEREAS, the Banking Commissioner (“Commissioner”) is charged with the administration of Part XII of Chapter 669, Sections 36a-800 to 36a-810, inclusive, of the Connecticut General Statutes, “Consumer Collection Agencies”, and the regulations promulgated thereunder (Sections 36a-809-6 to 36a-809-17, inclusive, of the Regulations of Connecticut State Agencies);

WHEREAS, Jacob Collection Group is a Mississippi limited liability company that was licensed as a consumer collection agency in Connecticut under Part XII of Chapter 669, Sections 36a-800 et seq., of the Connecticut General Statutes. Such license expired on October 1, 2009;

WHEREAS, the Commissioner, through the Consumer Credit Division of the Department of Banking, conducted an investigation of the activities of Jacob Collection Group, pursuant to the authority granted by Section 36a-17 of the Connecticut General Statutes, to determine if Jacob Collection Group had violated, was violating or was about to violate the provisions of the Connecticut General Statutes and regulations within the jurisdiction of the Commissioner;

WHEREAS, as a result of such investigation, the Commissioner alleges that Jacob Collection Group, during the period of January 29 through April 21, 2010, acted within this state as a consumer collection agency without a consumer collection agency license, in violation of Section 36a-801 of the 2010 Supplement to the General Statutes;

WHEREAS, the Commissioner believes that such allegation would support initiation of enforcement proceedings against Jacob Collection Group, including proceedings to issue a cease and desist order against Jacob Collection Group pursuant to Sections 36a-804(b) and 36a-52(a) of the Connecticut General Statutes, and impose a civil penalty of up to one hundred thousand dollars ($100, 000) per violation against Jacob Collection Group pursuant to Sections 36a-804(b) and 36a-50(a) of the Connecticut General Statutes;

WHEREAS, Section 4-177(c) of the Connecticut General Statutes and Section 36a-1-55(a) of the Regulations of Connecticut State Agencies provide that a contested case may be resolved by agreed settlement, unless precluded by law;

WHEREAS, both the Commissioner and Jacob Collection Group acknowledge the possible consequences of formal administrative proceedings;

WHEREAS, Jacob Collection Group voluntarily agrees to enter into this Settlement Agreement without admitting or denying the allegation set forth herein, and solely for the purpose of obviating the need for formal administrative proceedings concerning the allegation described above;

WHEREAS, Jacob Collection Group herein represents to the Commissioner that in June 2010, a filter was put into place so that all debtors with an address in the State of Connecticut would be rejected when placed by Jacob Collection Group’s debt buyer client. Also, all debtors with Connecticut addresses were closed in Jacob Collection Group’s system and returned to its client. However, Jacob Collection Group outsourced its letters to debtors and found that some account addresses were being changed by the vendor when the vendor performed a “USPS scrub” and, in return, some letters were being sent to Connecticut residents;

WHEREAS, on June 18, 2010, Jacob Collection Group filed an Application for Consumer Collection Agency License with the Commissioner, which application is currently pending;

WHEREAS, Jacob Collection Group herein represents that it has not acted within this state as a consumer collection agency since December 31, 2010;

AND WHEREAS, Jacob Collection Group, through its execution of this Settlement Agreement, voluntarily agrees to waive any rights to a hearing upon the allegation contained in this Settlement Agreement, and waives the right to seek judicial review or otherwise challenge or contest the validity of this Settlement Agreement.

NOW THEREFORE, the Commissioner and Jacob Collection Group enter into this Settlement Agreement as follows:

1. No later than the date this Settlement Agreement is executed by Jacob Collection Group, Jacob Collection Group shall remit to the Department of Banking, by cashier’s check, certified check or money order made payable to “Treasurer, State of Connecticut”, the sum of Three Thousand Dollars ($3, 000) as a civil penalty;
2. Nothing in the entry of this Settlement Agreement shall adversely affect the ability of Jacob Collection Group to apply for or obtain renewal licenses under Part XII of Chapter 669, Sections 36a-800 et seq., of the Connecticut General Statutes;
3. Upon entry of this Settlement Agreement, this matter will be resolved and the Commissioner will not take any future enforcement action against Jacob Collection Group based upon the allegation contained herein; provided that entry of this Settlement Agreement is without prejudice to the right of the Commissioner to take enforcement action against Jacob Collection Group based on the allegation contained herein if any representation made by Jacob Collection Group in this Settlement Agreement is subsequently discovered to be untrue or if Jacob Collection Group is not fully complying with any term or condition stated herein;
4. Notwithstanding paragraph 3 herein, execution of this Settlement Agreement is without prejudice to the right of the Commissioner to take enforcement action against Jacob Collection Group to enforce this Settlement Agreement if the Commissioner determines that Jacob Collection Group is not fully complying with any term or condition stated herein. For purposes of this paragraph, a violation of this Settlement Agreement shall be deemed to be a violation of an order of the Commissioner.
IN WITNESS WHEREOF, the parties hereto have caused this Settlement Agreement to be executed by each of them or their duly authorized representatives on the dates hereinafter subscribed.

Dated at Hartford, Connecticut
this 8th day of March 2011. ________/s/_________
Howard F. Pitkin
Banking Commissioner

I, Michael A. Jacob II, state on behalf of Jacob Collection Group, LLC, that I have read the foregoing Settlement Agreement; that I know and fully understand its contents; that I am authorized to execute this Settlement Agreement on behalf of Jacob Collection Group, LLC; and that Jacob Collection Group, LLC agrees freely and without threat or coercion of any kind to comply with the terms and conditions stated herein.
By: ________/s/_________
Name: Michael A. Jacob II
Title: President
Jacob Collection Group, LLC
State of: MS
County of: Lafayette

On this the 4 day of March 2011, before me, Alisha Barnette, the undersigned officer, personally appeared Michael A. Jacob II who acknowledged himself to be the President of Jacob Collection Group, LLC, a member managed/manager managed limited liability company, and that he as such President, being authorized so to do, executed the foregoing instrument for the purposes therein contained, by signing the name of the limited liability company by himself as President.

In witness whereof I hereunto set my hand.
________/s/_________
Notary Public
Date Commission Expires: May 14, 2014
Administrative Orders and Settlements

Gather any recorded messages on an answering machine and letters from [protected] Jacob Collection Group, LLC, 2623 West Oxford Loop, Oxford, MS [protected]. Tell family and friends, then seek legal advice.

Michael A Jacob II
Jacob Law Group
2623 W Oxford Loop
Oxford, MS [protected]
P O Box 948
Oxford, MS [protected]
Telephone: [protected]
Fax: [protected]
E-mail: mjacob@jacoblawgroup.com
Lafayette County
Admitted: 21 April 2003.
Organization: The Mississippi State Bar Association.
Area of Practice: Elder Law
Jurisdiction: The States of Mississippi

I dont know what state you live in, but in Ohio all business/banking transactions, such as fees, must be discloses to the clients. In the further, I would recommend that went you get the mailing address to which you are to send your payments. Address it to as in c/o billing dept. Make sure your account acct is on all checks or money orders. Instead on giving them 20.00 to process your payment, sent a extra 60 cent at the post office and send the payment certified. This way you will always have proof that the payment was signed received by someone that the company, even if the payment is returned.
From a former Banking Collector

These guys had someone drop off paperwork since I have a court date in a couple months 100% disabled my money is protected by federal law I don't even remember that loan do they ever actually show up at court

They called my home looking for someone with the same name as my wife, who lived in a city where we never lived. They insisted that we give them personal information such as social security number over the phone to verify who they were looking for, we refused. I told them to give me the last 4 of the social of the person they were looking for so I could verify, but she said it's against the law. So it's ok for me to give them information, but not ok for them to give me information? After arguing with them, I gave them 4 numbers and told them to figure what they were and they realized they were barking up the wrong tree. The employees at Jacob Law Group needs to learn how to treat people with respect. If the situations were reversed, I'm sure they would appreciate being treated with respect. ESPECIALLY WHEN THEY ARE CALLING THE WRONG PEOPLE!
Sometimes people fall on hard times due to no fault of their own and can't pay their bills. If this happens call or write your creditors and most of the time they can work with you.

This company Jacob Law group sucks. They call you 6 times a day. And break every law out there. They call on Sundays with a computer saying you need call back. So u do and they are ### you ask them stop calling and they tell u they call 5 times a day until I pay. Gus's what Jacob law group. U can take your job and shove it. You will never see anything from me. You broke the law and this is phone harassment. Now I do not ow anything it is Ohio law that it is paid in full now . Good luck getting anything from me

I agree with Benoh, Jacob Law Group is just Phishing for information. They send us a debt collection over a year now for a name that does not match any names in the household. We have called 3 times and still they send the letters. Some companies are so hard up for money they will do anything to try to collect

WOW! To contact someone with no legitimate purpose is considered harrassment. However, if someone has not paid their bill it could be for a number of reasons. Financial hardship, loss of job, illness. So lets not be so quick to judge the circumstances. I have collected bills for over 10 years. People are real, not a bag of crap to kick around. Everyone has something going on and if you cant find out what it is and work with them instead of against them...maybe you should find another job!

Hey "Debt collector" why don't you go get a real job instead of calling people whom you don't even know up and harassing them? I was a debt collector in high school (shows how little education you need to be a debt collector) and I quit because I just had too much dignity and no, social services are NOT for that, you ignorant fool. It's really the credit agencies fault for loaning out credit cards to people with BAD or NO credit. Don't let these people scare you, they are not attorneys, it's just a common scare tactic.

FIRST OF ALL...
IF A COLLECTION AGENCY IS CALLING YOU THEN YOU ARE IRRESPONSIBLE.
ALL YOU PEOPLE SHOULD PAY YOUR BILLS AND STOP COMPLAINING. IF YOU ARE NOT RESPONSIBLE AND MATURE ENOUGH TO HANDLE THE SIMPLE CONCEPT OF BORROWING AND REPAYING MONEY (you borrowed and promised to repay)THEN YOU SHOULD GO FILE FOR BANKRUPTCY AND THEN GO DOWN TO SOCIAL SERVICES AND APPLY FOR FOOD STAMPS AND WELFARE SO YOU CAN ONCE AGAIN GET SOMETHING FOR FREE... DEADBEATs

Benjoh, I hope you get this message ... STOP LYING! I work there and have for 3 years, and at no point has the company EVER been open on a Sunday. Our systems shut down after we leave for the day which would directly prevent us from calling you before 8a.m. CST or after 9p.m. CST. What boggles me is the fact that even though you know why you're being called, you for some reason feel that you're not obligated to pay. Please, pay your bill, ma'am. #THATISALL

Thank you for the heads up

Kevin, you have not the slightest clue about what you are talking about. The original complaint is valid and is right according to the law. Just because someone has debts, does not mean that they have to tolerate any abusive tactics and have every right to expect respect and their dignity intact.