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 Posted: Tue Feb 12, 2008 12:01 pm Subject: ACTUAL letter from Westbury Ventures
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Hi all,
Has anyone actually received a letter in the mail from Westbury Ventures? I did. After a dozen or so emails from "William Smith" claiming that I am responsible for paying them, they finally contacted me via USPS. My response to the emails they sent were the standard debt validation letter, to which they never responded.
My questions to the group are this:
1. Do we know if Westbury Ventures is operating legally in Delaware (i.e. are they licensed)?
2. While they sent the date of the loan and the initial amount (plus an inordinate amount of "interest"), there is no indication of what company funded the original loan. Aren't they obligated to provide me with that information?
3. How do you suggest I respond to them this time?
Thanks,
HZ
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hellz
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Posted: Tue Feb 12, 2008 12:06 pm Subject: reply
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DID YOU SEND YOUR FIRST LETTER CERTIFIED MAIL
RETURN RECEIPT?IF NOT SEND IT AGAIN.I HAD THE
SAME PROBLEM.THEY WILL PROBABLY E-MAIL YOU.
JUST STICK TO YOUR GUNS,THEY HAVE TO COMPLY.
IT IS NOT UP TO YOU.KEEP US POSTED. 
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paulmergel
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Posted: Tue Feb 12, 2008 12:15 pm Subject:
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I actually only emailed them. I am going to resend the letter certified mail. Thanks...any other suggestions out there?
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hellz
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Posted: Tue Feb 12, 2008 12:22 pm Subject:
Latest Blog Post : http://frogpatch.yesdebtfree.org |
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Westbury is the Payday lender not a collection agency. They operate under many different names. The location in Delaware is most likely Mail Boxes etc where they will be licensed due to the lax laws there. They do not fall under the fdcpa because they are not a third party collector.
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frogpatch
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Posted: Tue Feb 12, 2008 12:30 pm Subject:
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HEllz, I have been away for awhile so I am not sure if this is posted somewhere else...but Westbury can be licensed in DE...however, what state are you in? You need to go by what your state law dictates.
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RoxyNY
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Posted: Tue Feb 12, 2008 12:38 pm Subject: reply
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ACTUALLY,WESTBURY WAS COLLECTING FOR ARROWHEAD INVESTMENTS.ON A 200.00 LOAN FOR ME.
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paulmergel
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Posted: Tue Feb 12, 2008 1:09 pm Subject:
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Paul, many times with pdls, collections are done in house. Westbury/VC Funding/ Arrowhead /Loan Shop are all under one umbrella from what I have read.
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RoxyNY
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Posted: Tue Feb 12, 2008 1:17 pm Subject: reply
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SOUNDS GOOD,DIDN'T STOP ME FROM FILING AG COMPLAINTS
4 MONTHS AGO. 
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paulmergel
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Posted: Tue Feb 12, 2008 1:19 pm Subject:
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Guys be careful with Westbury. They are one of the ones that can and will find your new account.
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kashzan
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Posted: Tue Feb 12, 2008 1:19 pm Subject:
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And it shouldn't  So many of them operate with several d/b/a'sit gets hard to keep track sometimes.
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RoxyNY
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frogpatch
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Posted: Tue Feb 12, 2008 3:11 pm Subject:
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You're telling me they can and will find my new bank account? How is that possible or even legal? Even if I moved states and changed banks(which I did)? I don't know how they even found my new address. Payday loans are ILLEGAL in my new state of residency. Does that help me out at all?
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hellz
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Posted: Tue Feb 12, 2008 3:27 pm Subject:
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I dealt with The Loan Shop and got threatening emails and unuathorized debits from Wesbury Ventures. I filed against The Loan Shop with the BBB, the FTC and the FBI Internet Crime Division. The BBB filing got me a refund. One of the other agencies sent my case to the Department of Justice in Willmington, Delawere. An investigator with the Department of Justice in Wilmington, Delaware contacted me and said that the address in Delaware is just a Mailboxes ETC. The investigator also said that The Loan Shop was not licensed in Delaware. You might want to find out if either Westbury or Arrowhead are. If you would like to contact this investigator, here is the contact info:
William F. Prettyman
Department of Justice
Consumer Protection Unit
820 N. French St., 5th Fl.
Wilmington, Delaware 19801
Ph: 302-577-8271
William.Prettyman(at)state.de.us
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annie340
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Posted: Tue Feb 12, 2008 3:46 pm Subject:
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Thanks, Annie. I just filed a complaint with the BBB. I will follow up with Mr. Prettyman as well.
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hellz
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Posted: Tue Feb 12, 2008 4:33 pm Subject:
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You're welcome Hellz! People here helped me so, I am happy to be able to help others. Good luck and please let us know the outcome.
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annie340
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Posted: Tue Feb 12, 2008 4:52 pm Subject:
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Hellz, We are not saying they will definately get your new account information but it has happened. It so far is the exception but this is one company that members have posted, got their new account information. Most of us are really careful with our account information, how we pay bills, etc. and many of us check our accounts daily and/or several times a day. Just be careful and watch your account closely.
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