Cash Today Limited-Who is responsible-A detailed discussion

I am hearing that cash today is under uk laws and that they do not abide by us laws and basically they do not call under the fdcpa but i recieved an e-mail from the bbb that responds to complaints on uk customers and this is what was said:

Thank you for your complaint about cash2day4u.com.

Trust UK is the e-commerce standards agency. As such, it approves the codes of subscriber & membership bodies and hears complaints about webtraders based in the UK. It does not maintain records of all those engaged in e-business in the UK.

I have spoken to my colleague Daniel Landes regarding this, and have looked at the website myself. Unfortunately I note after reading through the company's terms and conditions on their website that they fall under the judiciary of the USA. This is clear in the second paragraph where it states “It shall be governed by the Federal Arbitration Act, 9 U.S.C. Sections 1-16” – this law is not relevant to the UK and as such does not have any bearing. This dictates that this company should be judged under US law and not UK. Further to this I would be weary of the credibility of the letter that has been received from an ex-employee of said company. I've looked at heathmill.com and this is a marketing consultancy and does not appear to be anyway related to cash2day4u.com.

I regret therefore that we are unable to help you and the best point of contact to try to resolve this query is the FTC in Washington (www.ftc.gov/). However Daniel has forwarded on your complaint to the Scambusters division of the OFT (the official regulatory body for such matters) here in England and they will be in touch if there is anything that they can do.

Rest assured that we are doing as much as we can to help you in this matter.

Kind regards,
Peter Trinder
Trust UK


So who really is responsible! who will help us!!this is a sad situation and i hate that i and many other people fell into this hell hole!

[Link made inactive as per forum rules-Vikas]

This was earlier posted by Clay,



I guess both the countries are trying to neglect their responsibilities. We, as a consumer can do our part by spreading the word. People should keep themselves away from such companies and do proper research before making any financial deal.

i agree with you ben

I found this message on another topic:

Stuart Stanford
Guest

Posted: Mon Oct 03, 2005 8:28 am Post subject: I.C.S.

ok, on the subject of I.C.S. and Cash Today, which are linked.
I am an employee of Cash Today for the collections department who try and get the money back from defaulting americans who take the money we loan them in good faith and then don't repay.
In the transcript, (that's the phone conversation) it states, and i quote 'do you understand that the loan you are receiving is being made by I.C.S./Cash Today Ltd of London England, that the terms and conditions are subject to the laws of England, and that you submit yourself to the exclusive jurisdiction of the English Courts? If yes, please state your full name and today's date.' When you agree to this, you agree to submit to the laws of England, which includes wage garnishments. We actually don't give out the loan to people who are self employed so by misleading our company into believing you have an employer, you have committed fraud.
as for the person who was not accepted for the loan due to the amount of hours they worked, i have no idea why this was the case. We only refuse loans to people who have worked at their job for less than three months, maybe this was the case and the representative did not explain what they meant properly.

You can lodge your complaint with the FTC and the BBB and anyone else you like, as we are not an american company, we lie outside their jurisdiction.

as long as someone meets our requirements to take out the loan and makes the payments when agreed, you should have no problems with either of the companies you complain about so vociferously.

and as for Miss - 'We must stop these people from England who fail to abide by American law!' - YOU GO GIRLFRIEND!

AS MENTIONED IN CASH TODAY COLLECTIONS HELPFUL ADVISE ABOVE, COULD THIS BE THE SAME STUART THAT IS THE TRAINING MANAGER FOR THIS COMPANY. MAYBE THAT IS WHY HE IS BEING SO DEFENSIVE, TRYING TO PROTECT HIS COMPANY..HMMMM....BUT FURTHERMORE HE IS SAYING THAT THEY FALL UNDER UK LAWS BUT I BEG TO DIFFER AS PER THE UK ORGANIZATIONS STATES THAT THEY FALL UNDER US JURISDICTION PER THEIR TERMS AND CONDITIONS

chyna26, have you shown this posting to Trust UK? I guess they might require a deeper investigation.

no i have not shown this posting, but i did show them part of the other posting from the helpful ex-employee showing the fake company and that they are located in uk since they at first said they were not

ben i actually just e-mailed this posting to them including highlight the information about them claiming to be under uk laws, we'll see what happens

I have a loan out currently with Cash Today and also ICS. I was given a address of: 2207 Concord Pike, Suite 417, Wilmington, DE 19803 to send money orders in for my defaulted loan with ICS. If both companies are linked and they are out of England, why would I be sending my payments to Deleware? Wouldn't this make ICS a company under US jurisdiction?

I have a loan out currently with Cash Today and also ICS. I was given a address of: 2207 Concord Pike, Suite 417, Wilmington, DE 19803 to send money orders in for my defaulted loan with ICS. If both companies are linked and they are out of England, why would I be sending my payments to Deleware? Wouldn't this make ICS a company under US jurisdiction?

Debbiec, this is what amazes most of us. This company is based in UK and has a call center in Delaware. It is evident that they come under US jurisdiction.

But this company does the debiting from UK which restricts the FTC from implementing any US laws over them.

On the other end, the authorities from UK claim them to be under US laws. I think there is a deep mystery behind it and needs to be sorted out ASAP.

Re: sending in a money order for the amount. Do they allo for a payment plan or do they request the whole amount up front?

So they have to follow the Fair Debt Acts when there is a Cease Contact and also a Debt Verification Letters sent? I have the Reno address and wasn't aware of the Wilmington address. Should I send the letters to both addresses certified return receipt?

these people are crooks...the call center they are calling from is not in the states, it has the be in India or somewhere in the middle east...I have told them not to call 50 times and they continue to do so...they are calling a place of employement for someone who hasn't worked there for months...a smart person would realize after so many attempts they are wasting time and money...I guess that shows how smart they are

JimR

Before sending your money order, you should get a statement of the due amount. Otherwise, you will not be able to know where your money has gone.

GetOffMyCloud

Sending letters to both the addresses will be helpful. If they are unavailable, it will be returned with a failure in delivery. But you have made your efforts in first place.

That is what I did today is to send it to both address. I put out a loan for $200 and have already paid $584. So I have sent also a a debt verficiation letter to have them send me exactly what I owe. I will pay them but want it in writing. Thank you!

Do let us know as things proceed. Thanks JimR