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 Posted: Fri Nov 16, 2007 5:43 pm |
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I have been in correspondance with Payday One and the last email I sent stated that they were not following the laws of my state (Louisiana). They sent me a "snappy" email back stating that I had to follow the GOVERNING LAWS of Delaware (yes, they used caps in the email). So does anyone have any advice on how I should repond to this?
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whitenan
Joined: 04 Oct 2007
Posts: 8
Debtcc Points: 251
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| Posted: Fri Nov 16, 2007 7:04 pm |
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dont expect some positive emails from them..If you cant pay, you cant..I would just search for them at the BBB database, and certified mail them..put a hard block on your account until they settle.
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bclaymore
Joined: 30 Oct 2007
Posts: 38
Debtcc Points: 1170
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| Posted: Fri Nov 16, 2007 7:32 pm |
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I didn't think they would...........thanks for the advice I will give it a try and see what happens.
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whitenan
Joined: 04 Oct 2007
Posts: 8
Debtcc Points: 251
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| Posted: Fri Nov 16, 2007 7:47 pm |
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Whitenan, you contributed to the LA thread on State PAy Day Loan Laws made simple, so you know that Internet companies must comply with LA law.
and
Internet based lenders with no physical location can't have a license from LA. They are all illegal unless they also have a physical location in LA.
I hope you have included this in the correspondence you are sending the PDL.. ... Keep sending this in. As long as you are following what your DFI said, you are ok. They are going to insist differently and let them. Just keep sending the same response. Also, file with your state regulating agency and include what ever correspondence you have received from this company.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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| Posted: Fri Nov 16, 2007 7:54 pm |
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I did the research, and I know what they are suppose to do. I just didn't know if I should continue with the letters or just wait for them to make a move....which I am sure they will
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whitenan
Joined: 04 Oct 2007
Posts: 8
Debtcc Points: 251
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| Posted: Fri Nov 16, 2007 8:04 pm |
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You did excellent research and it is appreciated greatly. I have been sending the same e-mail to one of my pdls every tuesday since August....there is not much else you can do...you are not going to give in and apparently neither are they. Eventually mine sent me to collections and I dealt with them and so far nothing. Like I said just keep sending the same information, stick to your guns and keep everything they send to you.
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In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 4093
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| Posted: Mon Nov 19, 2007 10:37 pm |
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I am not having that much of a hard time with them yet. I sent emails and certified letters out to all my IPDL's revoking ACH authorization and here is the response I got from them:
| Quote: | THIS IS NOT AN ATTEMPT TO COLLECT A DEBT
We received your request to cease and desist all collection efforts on your account, and will honor your request. However, we remind you of your promise to pay under the terms of the Loan Agreement. Further, we may report information about your account to credit reporting agencies. Late payments, missed payments or other defaults on your account may be reflected on your credit report.
We have flexible payment options that we can discuss with you.
Please contact us at 866-580-1226 or email us at shteam (@) paydayok.com.
Thank You,
PayDay One Special Handling Team
shteam (@) paydayone.com
paydayone.com
866.580.1226
866.580.1228 - FAX
Business Hours:
Monday - Friday 7AM - 10PM Central Time
Saturday 9AM - 8PM Central Time
CONFIDENTIALITY NOTE: Privileged and Confidential. This e-mail, and any attachments thereto, is intended only for use by the addressee(s) named herein and may contain privileged and/or confidential information. If you have received this e-mail in error, please notify me immediately by a return e-mail and delete this e-mail. You are hereby notified that any dissemination, distribution or copying of this e-mail and/or any attachments thereto, is strictly prohibited. Thank you. |
I will be contacting them to see how reasonable they are going to be with the payment arrangements.
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tinabarr
Joined: 15 Nov 2007
Posts: 68
Debtcc Points: 2195
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| Posted: Tue Nov 20, 2007 8:03 am |
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I'm actually a bit confused on this one. The more research I do, the more I'm finding that I may be wrong, and that internet based companies may not need to be licensed in LA. Several very legal companies do differently, and they are legal and follow the laws of every other state they lend in. Why would LA be different? There is a piece missing here . . . .
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goudah2424
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