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Posted: Tue May 30, 2006 10:56 am Subject: Why are our members getting refunds?

I just read several threads of our members getting refunds? How does this work? Is there a letter that can be sent? I know for a fact that I have paid far more than my home state allows and the kicker is I am still sending payments to pay off the loan. Suggestions anyone?

Guest · Posted: Tue May 30, 2006 10:59 am Subject:

I have not received a refund, although I requested one. What I did get was a paid in full letter.

Posted: Tue May 30, 2006 11:07 am Subject: refund

Why did you request a refund? How can I go about it

Posted: Tue May 30, 2006 11:28 am Subject:

Linnie,
We're getting refunds because we got ripped off...I have a wonderful letter, written by pollyandsay, that got me a refund. I know that others have used this same letter and also got refunds. I just pmd you.

Posted: Tue May 30, 2006 11:38 am Subject: finsfan13

Hey, I just pm'd ya back. Can you share your sample letter.

Posted: Tue May 30, 2006 11:39 am Subject:

Of course I will!!! just pm me your email addy

Posted: Tue May 30, 2006 12:40 pm Subject:

Linnie---Until finsfan13 suggested the idea that I might be able to get a refund (although I didn't), I didn't even know I could or that I was even being ripped off!!!

Posted: Tue May 30, 2006 12:48 pm Subject: Worth a try,

I received finsfan13's form letter. I cut a and pasted my states law into it showing that they in fact charged me triple digit interest when in fact they are breaking the law since they are not to cap 30%! Wow, so, I am going to give this a try. I need to research exactly how much I paid into each loan and try to calculate best I can. Lets see what happens.

Posted: Tue May 30, 2006 12:49 pm Subject:

Keeping to this discussion, I will be glad to interlink the blog of Pollyandsay. It has suggestions on how to deal with the lenders of the different states. It will be worth a shot.

Some lenders are not easy to deal with. You have to be persistent with them. But it's for sure that if you have paid them with excessive charges, they must refund the extra amount. Use the state laws defining the permissible interest charges and fees. Seek legal advice if it helps!

Posted: Tue May 30, 2006 1:31 pm Subject: Link

That would be a wonderful idea. I never knew that exsisted.

Posted: Tue May 30, 2006 2:01 pm Subject: I just visited the above link

Thank you for introducing the link you posted. It lets me look at this in a whole new light and I will be honest with you I am really upset with the amount of money I have been putting into paying off these loans. To think at one time I made them a priority over my car payment and everything else I had to pay. Good grief what was I thinking! I will call T&C tomorrow. I don't think I need to pay them anymore money and I want them pulled out of my program. It's bad enough I paid triple digit interest over the course of a few months surely paying over what I borrowed and now I am still paying them through T&C? I am so glad I learned that they actually are in the wrong according to my state laws. This will take some homework to figure out each one and what I paid including what T&C paid but I really think I am going to pull them out of my program and send them this letter. I am really upset about this. One payday loan company even made me fax them a blank check then tried to cash it when I defaulted, that is a hugh no-no in my state. I guess I am ready for the rumble now. I just needed to get over the scared and into the mad Twisted Evil

Thank you so much everyone! This site is the best thing that has happen to me!

Posted: Tue May 30, 2006 2:10 pm Subject:

Good for you, Linnie!! It takes work, but it looks like you're up for the challenge!

Posted: Wed May 31, 2006 8:26 am Subject:

can you pm me with the letter also.

Posted: Wed May 31, 2006 1:48 pm Subject:

Loraina, see polly's blog on writing letters to the creditors. Would you like to tell us something about your situation? We might be able to relate with you at some point. Then, we will share ideas and perhaps, take care of the situation.