InstantCashUSA: basically saying contact us now about loan
Payday-Loan-Yes: good ole Tim Atkins saying there is a problem with my checking account
Paychecktoday and CashadvanceNetwork: sent same exact emails each twice today, which I responded all four. Pasted below is my response to Paychecktoday's second email. (I sent same email to Cashadvancenetwork just asked for different refund amount)
Hello,
I've responded to an email you've sent me earlier
today, prior to this one. But I will gladly respond
to this one as well. Your payday loans are illegal in
the state of Massachusetts, all I am obligated to pay
is the principle which I've overpaid by $435.00.
Please send refund as paper check to:
My Address
If I do not receive a satisfactory response, I will
file a complaint with the Massachusetts Attorney
General, and inform them of the fact that you tried to
debit my account after I revoked ACH authorization,
which violates federal law.
Pasted below your email that I am replying to is the
copy of the email which was sent to you via email and
fax on Saturday October 25th, 2008
> Dear My Name::
>
> Your last payment was returned. We are now offering
> you a settlement
> on this account prior to sending this to the credit
> bureau and a third
> party collector. We attempted to contact you via
> email and telephone
> on several occasions with no success. Please
> respond to this email
> asap and advise as this is a one time offer that
> will be void after 3
> business days. We accept the following forms of
> payment:
>
> VISA
> MASTERCARD
> MONEYGRAM
> DIRECT DEBIT FROM BANK ACCOUNT
>
> Please respond asap to settle this account.
>
> Sincerely,
>
> Paychecktoday
> Recovery Department
> 866-756-0600
>
customercare@paychecktoday.com
>
http://www.paychecktoday.com
>
Saturday, October 25th, 2008
> >
> > PayCheckToday
> > Paychecktoday.com
> > Phone: (866) 756-0600
> > Fax: (800) 671-0131
> > 418 G St. SE
> > Miami, OK 74354
> >
> > Regarding Account #xxxxx
> >
> > This letter is to inform you that any further
> > payments
> > to Paychecktoday will not be honored by my banking
> > institution. As of today, Saturday, October 25th,
> > 2008, I do not authorize Paychecktoday, nor any
> > representative, parent company, affiliate, or
> > subsidiary of Paychecktoday, to withdraw any funds
> > from the checking account under the name of my name, account number xxxxxxxx0, located at
> > Bank
> > of America, per Federal law, Regulation E Section
> > 205.10 Preauthorized transfers.
> >
> > Due to the fact that Internet payday loans must be
> > licensed in the state of Massachusetts to be a
> legal
> > and binding contract, your company should NOT
> issue
> > loans to Massachusetts residents at all. Because
> you
> > are not licensed to lend in the State of
> > Massachusetts, along with your exorbitant loan
> rates
> > Paychecktoday is in violation of Massachusetts's
> > Small
> > Loan Laws;
> > Citation:
> > Small loan act applies. Mass. Gen. Laws Ann. ch.
> 140
> > §
> > 96 et seq.;209 Mass. Code Regs. § 26.01. Check
> > cashers
> > are specifically prohibited from making loans
> unless
> > licensed under the small loan act. 209 Mass. Code
> > Regs. § 45:14(
.
> > Small Loan Rate Cap:
> > 23% plus $20 administrative fee upon the granting
> of
> > a
> > loan
> >
> > As of October 25th, 2008 Paychecktoday must cease
> to
> > charge my bank account and zero out my current
> loan
> > balance because all deposits made to my account
> have
> > been met with debits already paid. I am expecting
> > Paychecktoday to mark the account under the name
> of
> > my name as 'paid in full'.
> >
> > Furthermore, when taking out this loan with
> > Paychecktoday, I was unaware of the Massachusetts
> > state law that governed this transaction. During
> the
> > time that my account has been active I have
> received
> > disbursements from Paychecktoday totaling $300.00.
> > For
> > that amount borrowed I paid back a total of
> $735.00
> > to
> > Paychecktoday.
> >
> > I am entitled to a refund of $435.00. A paper
> check
> > shall be sent to my address
> >
> > If Paychecktoday does not abide to the settlement
> > conditions stated above, I will have no choice but
> > to
> > formally file complaints with the Better Business
> > Bureau, the Federal Trade Commission, and the
> > Massachusetts Attorney General's Office.
> >
> > All correspondence as of today, October 25th,
> 2008,
> > shall be in written form either through email or
> via
> > The United States Postal Service. Please
> acknowledge
> > receipt of this letter, and acknowledge acceptance
> > of,
> > and willingness to adhere to the settlement
> > described
> > above, in writing, within 24 hours of receipt.
> >
> > I also revoke any and all wage assignments I may
> or
> > may not have signed with your company, I no longer
> > authorize you, your company, or your affiliates to
> > attach any part of my wages or contact my employer
> > for
> > your collection purposes. I prohibit paychecktoday
> > or
> > its affiliates to contact my employer, any
> > reference,
> > or any phone number besides the following;
> > (xxx-xxx-xxxx
> >
> > Sincerely,
>
Linear Mode
