10-20-2009, 07:05 AM
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question on dv letter
I sent ARM a DV letter cerified mail with return receipt and all they sent back was the loan contract. What do I do now? This is from a payday loan called cashadvancenetwork and I know they are unlicensed in Minnesota and I have paid them $435 over the principle. They just keep upping it.
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10-20-2009, 07:21 AM
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How long did it take them to respond? Is ARM licensed to collect in your state? Is this ARM of Florida? Send them a letter back stating the FDCPA and also check the laws of your state as they may be more strict than FDCPA. Inform them that:
I demand that you provide strict and complete proof of the validity of every item that is included in your collection demand of $XXXXX As provided by (State) debt collection rules. I also demand a copy of every document in your possession evidencing this alleged debt. __________________
PDL Free is Me........I am crossing that finish line and I am not looking back
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10-20-2009, 07:33 AM
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Arm out of Jacksonville, Fl. and I believe they are not licensed to collect in Minnesota. I will have to double check. But how can they collect on a payday loan company that is illegal? Technically in Minnesota this loan should be null and void. It took them a few days to send to me. Thanks for the advice I will do this.
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10-20-2009, 08:09 AM
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Contact the MN AG's office....they love this sort of thing!
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10-20-2009, 08:35 AM
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They cant collect!!!!!! you need to tell them that. I dealt with them and I asked them for their license number and told them I was recording the call. I let them know the PDL they were collecting for was illegal and unlicensed in my state and they were as well.
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PDL Free is Me........I am crossing that finish line and I am not looking back
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10-20-2009, 08:56 AM
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Nah, they can't collect at all, tell them is they feel spunky you'll see them in court.
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CLICK HERE To join my Social group, The Payday-Loan-Free Advocates! Online Complaints Ohio Attorney General Online complaints: Federal Trade Commission. Ohio Payday Loan Laws CLICK HERE to find a Creditor
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