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 Posted: Tue Nov 20, 2007 1:16 pm Subject: big ltd
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this is what big sent me
| Quote: | (name removed for your safety.cannr)
When you originally took out your loan September 6, 2007, you were told that each due day you would have one of two options. Either to pay a processing fee or to pay the relevant processing fee and the loan amount to pay off your loan.
You agreed to this, anytime during the conversation lasting over 10 minutes you could have declined our loan offer. You then subsequently made an agreement to payments on your loan but they have been returned from your bank as unpaid.
Your offer to pay the principle back would not be acceptable as you had agreed to the terms and conditions of the loan and received the funds.
We are committed to resolving this matter amicably. To that end, we wish to offer you the opportunity to close your account with us upon receipt of $350. We will then discontinue our collections process subject to you paying the agreed amounts on the dates specified. Furthermore, upon receipt of the $350 payment, we will mark your account closed.
I would like to propose a schedule to pay off your loan.
$175.00 - November 23rd
$175.00 - December 7th
Please reply to this email in acknowledgment of this agreement.
Thank you,
Robert James
Complaints Handling Officer
Customer Solutions Department - B.I.G
Tel No.1-877-210-9419
Fax No.1-877-762-7350
Email: csd(at)big-int.com
(Monday to Friday, 2pm to 10pm Eastern Standard Time)
this is what i sent them. This letter is in response to the calls that I keep receiving at home and at work. I have already faxed and emailed a stop and desist letter to your company, I demand that these calls stop, if you do not follow these laws then you can be fined. Attached to this letter is the original letter that was sent to your company three times already.
Regards,
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| Quote: | After doing research on internet payday loan laws in the state of Washington D.C, I have found that your internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the state of Washington D.C in general:
Quote:
D.C. State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
D.C. Code Ann. § 26-301 et seq.
Loan Terms:
Maximum Loan Amount: $1000
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 10% of face amount + fee of $5: $0- $250; $10: $251-$500; $15: $501- $750; $20:$751-$1000
Finance Charge for 14-day $100 loan: $16.10
APR for 14-day $100 loan: 419%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Not Specified
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: D.C. Department of Insurance, Securities and Banking
Address: 810 First Street, NE, Suite 701 Washington DC 20002
Phone: (202) 727- 8000
Fax: (202) 535-1197
Regulatory Contact: Howard Amer,, Director, Banking Bureau
Regulator Website
http://disb.dc.gov/disr/site/default.asp
I have contacted the Washington D.C Office of Financial Institutions and the Washington D.C State Attorney General’s Office regarding your internet payday loans and was informed they are indeed illegal in Washington D.C and was advised to pay what is due according to principle amount only of the loan.
I am willing to pay the principle amount of the loan only, as advised by my Department of Financial Institutions and my state Attorney General's office. Amount Borrowed 200.00 Fees Paid 80.00 Amounts Due to You 120.00.
I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my state Attorney General's Office.
I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan. Once I inform you of this, you must stop the telephone contact immediately or you will be once again breaking the laws of the state of Washington D.C.
You are also hereby notified that I am revoking any voluntary wage assignment I may or may not have signed. I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer f or your collection purposes.
I am revoking your right to debit my checking account any longer. You, your company, or your affiliates are not authorized to debit my checking account at all. Please be aware that I have informed my financial institution of this situation and they will also be receiving a copy of this correspondence. Any further attempts at debiting my account will be rejected by my financial institution.
I must also inform you that I have filed complaints with the Better Business Bureau, the Federal Trade Commission, and my state Attorney General's Office.
I expect a response from your company no later than 11/29/2007, regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.
Please respond by 11/29/2007, regarding this matte r by US Postal ma |
What should I tell them
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katesia2002
Joined: 14 Nov 2007
Posts: 47
Debtcc Points: 1519
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Posted: Tue Nov 20, 2007 1:29 pm Subject:
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how much was the loan and how much have you paid?
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jaydanielle1
Joined: 24 Oct 2007
Posts: 553
Debtcc Points: 5761
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Posted: Tue Nov 20, 2007 1:36 pm Subject:
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Big is very illegal. They are not even located in this country. They will harass the crap out of you, but that is all they can do.katesia, I really hope you have taken care of your account. These people will go in and take everything. Especially since you hav etold them that you revoke there authorization to debit your account.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Tue Nov 20, 2007 1:39 pm Subject: big
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200 fees paid 80.00
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katesia2002
Joined: 14 Nov 2007
Posts: 47
Debtcc Points: 1519
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Posted: Tue Nov 20, 2007 1:44 pm Subject:
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Katesia, it does not matter. Pay them the 120.00 that you morally owe, and be done with them. ILLEGAL IN EVEN IN THIS COUNTRY
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Tue Nov 20, 2007 1:51 pm Subject: big
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Thanks for all your help guys!!!
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katesia2002
Joined: 14 Nov 2007
Posts: 47
Debtcc Points: 1519
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Posted: Tue Nov 20, 2007 1:54 pm Subject:
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I meant to say illegal they are NOT even in this country. Dont worry too much about them. They will harrass you to death, but that is all. Trust me, I believe that are based in UK
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Tue Nov 20, 2007 2:09 pm Subject:
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i would listen to kash!
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jaydanielle1
Joined: 24 Oct 2007
Posts: 553
Debtcc Points: 5761
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Posted: Tue Nov 20, 2007 3:07 pm Subject:
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Did they give you an address to mail something too? I owe them $30.00 and want to just send it to them.
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Breakthecycle2
Joined: 22 Oct 2007
Posts: 171
Debtcc Points: 3044
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Posted: Wed Nov 21, 2007 1:04 pm Subject: big
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No they didnt.
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katesia2002
Joined: 14 Nov 2007
Posts: 47
Debtcc Points: 1519
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Posted: Wed Nov 21, 2007 1:07 pm Subject:
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The phone number I have for BIG is 877-282-5450. Address is Northway House, 1379 High Road, Whetstone, London, England, N20 9LP./
I got this from doing a search in the above search box. Sometimes if you do it, you can get an answer faster than waiting for someone to reply.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Thu Dec 27, 2007 9:55 am Subject: big
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i only borrowed 200.00 and sofar i paid them 290.00 they was takinng sometmes 60 or 75 or 65 out of my account every 2weeks they said untill i can come up with 275.00 they will take out 40 every two weeks for an extension call 3 days ahead when im ready to p[ay the full amount
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big victim
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