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)