Interesting e-mail from Cashnet USA for Maryland residents

yay for Maryland if it is indeed true that they are trying to ban the CSO companies.
Here is the e-mail I got from Cashnet USA


Maryland Legislature Seeking to Ban Access to Credit Services Loans

Do you want the Maryland State Legislature making financial decisions for you and your family? The 2010 Maryland State Legislature is attempting to ban
CashNetUSA credit services and limit your short-term options for everyday
money needs.

Let your voice be heard! Please respond to this email and fill in your answers to the following questions.

1. Do you think that CashNetUSA credit services should be limited or banned by the State Legislature?
Yes or No:
Please enter additional comments here:

2. If credit services loans are banned, what are your options for obtaining a fast, easy loan in the future?

3. If the State of Maryland bans your accessibility to credit services loans as a short-term financial answer, what are the negative effects to you personally?

4. Please enter your information below:
Name:
Customer ID:
Zip Code:

Please note that by entering responses and responding to this email, you are giving CashNetUSA permission to send the full response to your Maryland elected representatives.
Thank you,

CashNetUSA

Yippy!

How typical of this outfit to send an e-mail making it sound like the State of Maryland is trying to take away peoples' rights!! The last line says if you respond to the email you're giving CashnetUSA the right to send your response to the elected Maryland representatives; hmmmm, maybe we should all send them our comments how it's a good thing Maryland is getting after them; wonder if they'd send THOSE comments to our elected officials?

Interesting sidenote from the Maryland Consumer Rights coalition; the PDL lenders' lobbyists are saying if Maryland closes the loopholes re. CSO's, that people will be forced to turn to overseas lenders; however, many of the US PDLs' - INCLUDING CashnetUSA - run PDL operations overseas! Are these outfits good at double-talking and lying or what?

the state of wa just passed new legislations regarding payday lenders and they have to be licensed in the state of wa department of finance data base and if they are not the loan you have out with them is null and void. send them a certified letter asking for this license number and if they have one then the debt is owed however if they don't have one in the state data base then the loan was illegal in the first place....this is what these payday lenders do not want. there are legal ones that people can go to and they have to offer you a payment plan..it is more consumer oriented..too bad the law isn't stricter.

does anyone know anything about the First Bank of Delaware. I took a payday loan out withe them and now they are claiming that it wasn't a payday loan and they don't fall under the same guidelines as in other states..something about the state of Delaware?

Well Scubapal, First Bank of Delaware is not a payday lender. You can check out the discussion related to FBD.
http://www.debtconsolidationcare.com/pdlnews/fdic.html

FBD does actually provide payday loans, the only way to know for certain is to check your original contract, if you don't have the original contract you will have to take their word for it.

Thanks Shazzers for providing the updated info.

I got another crazy mail from CashNet USA

"Dear xxxx,
Do you want Washington DC politicians making financial decisions for you and your family?

United States Senator Christopher Dodd from Connecticut has introduced Senate Bill 3217 that, if passed into law, could limit your short-term options for everyday money needs. This bill is scheduled to be heard on Monday, April 26th. Let your voice be heard!

We need to let the Washington DC politicians know that the potential creation of a new agency in the bill threatens your access to credit.

Your United States Senators’ contact information is listed below; please call or fax your US Senator with the following message – or you can use this link to send an email directly to your Senators’ offices:
Consumer Rights Coalition

After clicking on this link, scroll down and click on “Tell Your Senators Where Your Stand!” Scroll down from there to the “Take Action” section.

Thank you,

CashNetUSA
politics@cashnetusa.com
www.cashnetusa.com
Maryland Senator Contact Information:

Barbara Mikulski
District Phone 410-962-4510; District Fax 410-962-4760
DC Phone 202-224-4654; DC Fax202-224-8858


Benjamin Cardin
District Phone 410-962-4436; District Fax 410-962-4156
DC Phone 202-224-4524; DC Fax 202-224-1651

Dear Senator _______________,

I understand that Congress is taking a closer look at short-term loans and how they work. As a short-term loan customer, I understand the fees and loan term associated with my loans. And I choose these loans to cover unexpected short-term financial needs. They are faster, cheaper and I qualify for them, unlike other products.

While I appreciate you reviewing these products, I ask that you make sure the decisions you make don’t eliminate them as an option for me.
Without short-term lenders, I would have nowhere else to go.

If you really want to help me, one of your constituents, please make sure you actually help. Thank you.

Sincerely,
(Please provide your name and address)"


I do hope they pass the bill!

yeah I got that one, too. Seriously?

If I WERE going to write to my Senators here in Maryland for any reason, I would hope I'd be able to compose a more professional-sounding letter than this one! And, yes, I'm "Sure" I'm going to send a letter to my Senators asking that we be allowed to have PDL's.