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 Posted: Tue May 20, 2008 8:21 am Subject: 500fastCash Settlement Offer--What do I do?
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After two weeks, I received a response from my letter to 500FastCash, requesting a PIF and a refund of $195. I've loaned from them since December, and have paid $595 in interest alone. My current loan principal is $400, so wouldn't you think that I've paid the dues? This is what they sent me--I'm not sure how to respond to this:
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The deposit from the above agreement must be paid back.
Deposit amount-$400.00
Amount paid as of 05/20/08-$120.00
Settlement Offer-$280.00**waiving all fees**-which reflects the repayment amount of the deposited amount to your account. ***THIS IS CONTINGENT THAT NO OTHER DEBITS ARE RETURNED ON YOUR ACCOUNT THAT HAVE PREVIOUSLY PAID****
This offer is good until 06/15/08, this must be paid by Moneygram THERE ARE NO OTHER PAYMENT OPTIONS ON THIS SETTLEMENT OFFER.
MoneyGram Instructions: Call 1-800-926-9400 for a location near you, or at most Wal-Mart's
Pay To: 500FastCash
Receive Code: 4308
City/State: Miami, OK
Account--131892001
Once paid, an email confirmation will be sent regarding your new balance equaling ZERO. If not paid by the above date, further action will take place on the account per the contract.
500FastCash Compliance Department
Fax-1-800-803-9310
compliancedepartment@500fastcash.com
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saxy_soprano
Joined: 27 Aug 2007
Posts: 91
Debtcc Points: 1153
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Posted: Tue May 20, 2008 8:26 am Subject:
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Do not pay them another dime. Request your refund from them. Tell them that they lent illegally to you and you do not accept their offer. Just crazy that they now want more from you.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Tue May 20, 2008 8:27 am Subject: reply
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they are MTE,sounds like they should refund you.i would respond they are illegal.therefore you reject there stupid settlement.if you filed AG complaints file follow-ups,if not file asap.don't let them try to buffalo you.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 2744
Debtcc Points: 10081
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Posted: Tue May 20, 2008 8:33 am Subject:
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Thanks...I figured that I should resend the letter that they have already--they have been reported to the FTC, so should I also give them the case number?
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saxy_soprano
Joined: 27 Aug 2007
Posts: 91
Debtcc Points: 1153
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Posted: Tue May 20, 2008 8:37 am Subject: reply
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if you have it that might help.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 2744
Debtcc Points: 10081
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Posted: Tue May 20, 2008 8:57 am Subject:
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Ok, I sent the letter...but I also need to file a complaint with my AG--I guess in Wisconsin, I need to file that with DFI, which I am doing right now. I thought I had already done that, but I only see my complaint through the FTC.
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saxy_soprano
Joined: 27 Aug 2007
Posts: 91
Debtcc Points: 1153
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4156
Debtcc Points: 26631
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Posted: Tue May 20, 2008 9:11 am Subject:
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It's frustrating to me that they would even expect people to pay on TOP of what they already paid in illegal interest.
Ok, complaint has been filed to Wisconsin DFI/Attorney General. They already responded to my FTC complaint, using the same response they sent me. I replied, referencing my original letter, pointing out that I overpaid, and expect my account to be paid in full with a refund. I know that I am fully within my rights to expect that!
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saxy_soprano
Joined: 27 Aug 2007
Posts: 91
Debtcc Points: 1153
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Posted: Tue May 20, 2008 10:34 am Subject:
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500FC is an irritating bunch. I eventually got them to give me a PIF, but gave up on getting the refund. I also have a complaint against them in with the FTC and Wisconsin Attorney General's office, so they're obviously building up a bit of a reputation.
_________________
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WI Guy
Guest
Debtcc Points: 100
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Posted: Tue May 20, 2008 10:42 am Subject:
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Someone remind me where they are located again....should we be filing with the AG of their state, too???
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angiegirl88
Joined: 09 May 2008
Posts: 63
Debtcc Points: 756
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Posted: Tue May 20, 2008 10:46 am Subject:
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I have a Miami, OK address for them....did anyone file a complaint with their state AND Oklahoma? If that's what needs to be done, I'll do it right away!
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saxy_soprano
Joined: 27 Aug 2007
Posts: 91
Debtcc Points: 1153
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Posted: Tue May 20, 2008 10:48 am Subject: reply
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file with there AG and your AG.that should help speed things along hopefully.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 2744
Debtcc Points: 10081
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Posted: Tue May 20, 2008 11:03 am Subject:
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I just filed a complaint with the Oklahoma AG, so hopefully that will help us get a fair resolution!
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saxy_soprano
Joined: 27 Aug 2007
Posts: 91
Debtcc Points: 1153
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Posted: Thu May 22, 2008 6:46 am Subject:
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I got a response from Oklahoma--they sent my complaint on, and 500FastCash has until June 5 to respond--sure would like to get this all resolved by then--at this point, I'm still expecting a PIF and a refund.
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saxy_soprano
Joined: 27 Aug 2007
Posts: 91
Debtcc Points: 1153
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Posted: Mon Jun 02, 2008 6:01 am Subject:
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I got a letter this weekend from the Attorney General of Oklahoma, stating that they are turning the case over to the Commission on Consumer Credit in Oklahoma, so hopefully there will be some progress on this--the PDL still hasn't responded to the BBB complaint and they only have until June 5. What happens if they don't respond? Does my case get dropped?
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saxy_soprano
Joined: 27 Aug 2007
Posts: 91
Debtcc Points: 1153
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Posted: Mon Jun 02, 2008 6:08 am Subject: reply
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that is a possibility,wait to see officially what happens.if the case is dropped re-file it.
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paulmergel
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Joined: 24 Jun 2007
Posts: 2744
Debtcc Points: 10081
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