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jaydanielle · Posted: Mon May 05, 2008 6:40 am Subject: Discount Advances

Anyone dealing with them?

I just got a letter saying that I took out a 150 loan and now I owe 504.23 Confused

Posted: Mon May 05, 2008 6:43 am Subject:

Did you take out the loan? if so is it a legal loan where you reside?

Posted: Mon May 05, 2008 9:59 am Subject:

jaydanielle - KEEP THAT LETTER! If you find out that they are operating illegally or charging illegal interest rates, you can use that letter as a hard, REAL form of backup to file a complaint against this company.

Guest · Posted: Mon May 05, 2008 10:13 am Subject:

i don't know who this company is

and kash i doubt it, all the loans that i took out were illegal in washington dc, i think they maybe for my cash now

jaydanielle · Posted: Mon May 05, 2008 10:15 am Subject:

unfortunately the letter doesn't state how much the loan was for, only the balance, but since they gave me the date I may be able to find it in my bank statements.

Posted: Mon May 05, 2008 1:16 pm Subject:

heres my latest letter from discount advances, I'm dealing with them to.

LOAN NUMBER: Removed for your protection - Goudah
BALANCE DUE: 534.01
SETTLEMENT AMOUNT DUE: 481.25

YOUR LOAN WITH DISCOUNTADVANCE.COM / IGOTIT.COM IS SERIOUSLY DELINQUENT. IF YOU CONTINUE TO IGNORE THIS DEBT, WE WILL HAVE NO CHOICE BUT TO REFER THIS ACCOUNT OVER FOR FURTHER COLLECTIONS. This letter serves as notice that this is a payday loan, and service charges are accrued each day, until the account is paid in full.

You have been given ample opportunity to pay this loan. In an effort to maintain our commitment to assisting those in immediate financial need, DISCOUNTADVANCE.COM / IGOTIT.COM extends this ONE-TIME opportunity to resolve your $ 534.01 debt with our company by paying a settlement amount of $ 481.25. Any money received less than the settlement amount in full within 3 days or calling this office with acceptable payment arrangements will not hold your account in our office. Failure to pay this settlement amount will result in your debt being reported to the Credit Bureau, which will show for a minimum of 7 years, and Teletrack Systems. If you have paid your account in full, please disregard this notice.

Please call our toll free number, 866-645-1661, if you have any questions concerning this notice. Office hours are from 9am to 6pm Eastern Standard Time. Your failure to respond to this final notice will result in the account being turned over to another source for additional collection efforts in order to protect our interest in this matter. THIS IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.

Once again this is an illegal pay day loan service in the state of michigan if you want to agree to accept the balance owed only on the amount I borrowed than I will gladly mail you that amount in a money order. You are trying to collect over and above the amount owed. I will gladly send you the $200 you are due since I borrowed $260. Please stop harrassing me.