Internet's first get-out-of-debt community - 144,000 members

I sent them my C&D letter on Monday after closing my bank account. They have called me once (I didn't answer), and today I received this email:

"The deposit from the above agreement must be paid back.

Deposit amount-$400.00
Amount paid as of 08/19/08-$240.00

Settlement Offer-$160.00**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 08/29/08, 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: ameriloan
Receive Code: 4311
City/State: Miami, OK
Account--144868163
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 for the full amount now due in collections of $640.00********.

Ameriloan Compliance Department
Fax-1-800-475-1379
compliancedepartment (@) ameriloan.com"

They are actually waiving the fees (if I pay by 8/29), without me having to argue. I thought this might be helpful if anyone is having trouble contacting them or is wondering what action they might take.

Sue

Posted: Tue Aug 19, 2008 11:12 am Subject:

Is that actually what you paid counting all the rollover fees? I'm pretty sure ameriloan isn't legal.

Posted: Tue Aug 19, 2008 11:31 am Subject:

yes, I paid $240 in rollover fees - it appears they are turning the rollover fees into principal - amazing! I guess the letter I sent from the template on this site worked, at least with them. Now if the other 3 I have would be just as easy to work with, but I doubt it!

Posted: Tue Aug 19, 2008 11:54 am Subject:

Good job Tea, they were stubborn as heck when I dealt with them, but after I sent my complaints to the AG, BBB, and FTC they eased up, they sent me a letter first stating that they would not settle on anything, then a week after I got a letter from the BBB they said they would consider the loan PIF.

I guess they looked at their paper work. That was the 4th or 5th loan I had gotten with them when I found this site and was struggling, they should have been giving me some sort of refund, but I didn't press it, I was just happy for it to be over with!

It feels sooooooo good to be done!!!!