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I took out a $150 loan with cashnminutes.com in May of this year. I paid back $240 via 4 $60 charges before defaulting. I received the following email from a company called litigation of theft arbitration today:

Posted: Mon Sep 17, 2007 11:24 am Subject:

As I read this, their name alone makes little sense to me...How do you litigate a theft arbitration?? And arbitration is to avoid litigation...oh boy.

Went online and googled the ph#, found nothing. What is their address? and I will do some further research for you.

Posted: Mon Sep 17, 2007 11:28 am Subject:

Art
This makes no sense to me. The name alone is just stupid. As volley said how do you litagate a theft arbitration. What even is a theft arbitration.
Please dont get yourself nuts

Posted: Mon Sep 17, 2007 11:30 am Subject:

Art-Kentucky laws for you since I see that cashnminutes is an internet pdl...

Posted: Mon Sep 17, 2007 11:42 am Subject:

Art , can you please post the address for us. Actaally I called the number that is in the letter, and some guy answered. I asked what kind of company this was and he said a litagation company. I thought lawyers litagated, not collection agencies. This whole thing seems silly

Posted: Mon Sep 17, 2007 12:41 pm Subject:

There is no address listed in their email and I can't find anything on their phone number except that 512 is an Austin,Texas vicinity area code.

Posted: Mon Sep 17, 2007 1:20 pm Subject:

No physical address?? Highly suspicious and I cannot find ANYTHING on them at all.

I would do this to start-

Respond back to their email demanding a validation of debt...there is a good validation of debt letter on these boards from Anthony Lemons.

Demand a physical address.

JCEMT · Posted: Tue Sep 18, 2007 2:55 am Subject: LOTA

Tried reverse phone lookup and got this:
(512) 340-0493
Type: Land Line
Provider: Southwestern Bell
Location: Austin, TX
Unfortunately not much else
Anyway, I'd do exactly what volleyballmom said, when you request company info like name, address, phone numbers the fdcpa provides you access to that information. Also did they mirandize you? (include the "this is an attempt to collect a debt, any information obtain will be used for that purpose"?)

JCEMT · Posted: Tue Sep 18, 2007 3:50 am Subject: LOTA

Re: Demand for Payment (I'm under the impression that this is initial contact, what are they replying to you for?)

Please be advised that you owe Litigation Of Theft Arbitration (LTA) the sum of $1,350.00 DUE TO NON-PAYMENT OF OUR CLIENT CASHNMINUTES.COM. ALL ATTEMPTS TO CONTACT YOU HAVE BEEN UNSUCCESSFUL.
. (have you recieved any dunning letters? ask how they attempted to contact you. If they haven't sent you any physical written dunning letter and waited for the 30 days for dispute, they can't be making collection attempts, let alone threatening lawsuit, being they are in TX and your in KY (I assume) they may not be able to sue you (fdcpa violation)

This will be your only chance to settle this matter before LTA files suit against you in Court. LTA is agreeable to a lump sum payment. Please contact me on or before September, 28, 2007 for purposes of settling this matter. If I do not hear from you on or before September, 28, 2007, LTA will file a lawsuit against you without further notice. (you have to be served) It is in your best interest to settle this matter before a lawsuit is filed. If a judgment is obtained against you, it will negatively affect your ability to get credit, you will be ordered to pay court costs, and you will incur interest at a rate of 10% per annum. (Ok I remember something else in the fdcpa about using verbage easily understandable to the least sophisticated consumer, annum (latin for year) is not using simplitic verbage= possible violation.

Based on the foregoing, I expect payment in the amount of $1,350.00 made payable to LTA, no later than September, 28, 2007. (I can be reached at: 512-340-0493 ext 11.) If you choose to ignore this demand for payment, LTA will further pursue all of its legal remedies without further notice to you. This letter serves as evidence that LTA has attempted to resolve this matter informally.

Sincerely yours,
Travis Watson
Litigation of Theft Arbitration

Also the fact that they are pursuing over 1k for a 150 dollar loan that you've already paid over 200 for is probably a judgement that won't fly in court unless they have signed documentation to back it up. And there are usually laws that either limit the ammount CA's can charge or may even limit the ammount to no greater than the actual ammount of the debt (check with your states statutes as well as the lenders since being an internet PDL makes it kinda sketchy on what state the debt occured in) Also when you make your request for debt validation, request supporting documents (most state statutes provide 45 days for them to furnish the documents)

Posted: Tue Sep 18, 2007 4:34 am Subject:

Is this company even licensed in ur state? Sounds to me like a threat to scare u into paying! The way i see it, u've paid them back what u owe and i really don't see them suing u over a 150 loan that has been paid back!
But for lots of help u can post this over on the pay day loan forum and they have lots of knowledge there to tell u what to do step by step.
Good Luck but plz don't worry over this!
Ang

Posted: Tue Sep 18, 2007 5:23 am Subject:

Ang-There isnt squat on this company let alone a license Shocked

I've been looking and kashzan called the ph# only to have someone answer to say "litigation company" which makes no sense at all.

Posted: Tue Sep 18, 2007 6:11 am Subject:

I think it is a scare tactic, too. It seems to me that I have seen the name Travis Watson on this forum before...

Posted: Tue Sep 18, 2007 7:28 am Subject:

Internet PDL's are illegal in Kentucky according to the Kentucky office of finance. For a PDL to occur in our state of Kentucky the PDL company has to have a physical place of business in Kentucky and be licensed. Kentucky will not license a PDL company if they do not have a physical store here. You could have borrowed the 150 and paid them nothing and they would not be able to do squat about it. I would reply to the email by simply saying "see you in court."

mario3mario · Posted: Tue Sep 25, 2007 12:28 pm Subject: CashNMinutes Scam

Maybe this can help all of those victims (like myself) of this fraud. I am currently filing a lawsuit agains this company as should all of you involved. These companies take advantage of the hard working people. Please take this information and give to your attorneys/lawyers and the Better Business Bureau in your area. Here it goes;

Cashnminutes
2409 Paseo Rd
Colorado Springs, CO 80807
Capital Investments (probably the owner)
umastin@hwsinet. com
719-632-0651

The web site that manages it is;

Heritage Web Design
1460 Moon River Dr.
Provo, UT 84604
801-655-1600 P
801-747-3629 F
domains@hwsinet. com

Please gather as many people that are victims and we will fight back.

SkBright · Posted: Tue Oct 02, 2007 6:42 pm Subject: Travis Watson-Cash N Minutes

I received a payday loan in the amount of $150 on August 31st, 2007 and have unfortunately been unable to repay the $200 due. I have heard nothing from the payday loan company-Cash N Minutes, or anyone else by phone, email or postal mail until today. A Mr. Travis Watson telephoned me and immediately accused me of attempting to defraud a financial institution, threatened me with criminal charges in the state of Texas and my state of Washington, and demanded that I pay $1006 (approx.) TODAY to stop such and other court proceedings. He put me on hold briefly to talk to "the attorney" about accepting payments....when he came back on the line he said "the attorney" agreed to accept $600 and some odd dollars in three equal payments the first due TODAY within a 4-hr time span! I realize I owe this debt and a reasonable amount of fees....but can what he/they are doing be legal?

Posted: Tue Oct 02, 2007 7:08 pm Subject:

Hi skbright. I think this is a scare tactic. These companies kill me!!! Like you have a grand growing in your back yard or something! There is no way they can get away with charging you that kind of money on a $150 loan. As said above, it doesn't look like they even have a license. To be on the safe side, though, please post what state you live in. We can post your state laws for you. Don't be intimidated by this Travis Watson, either. Like I said before, I recall his name linked to numerous threats. He's full of hot air.

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