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 Posted: Mon Jan 28, 2008 5:26 pm
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This is the letter Westbury Ventures emailed me today
| Quote: | WARNING: PLEASE DISREGARD THIS ACTION MEMO IF YOU HAVE SETUP AN ARRANGEMENT!!!
I have sent you several emails already and have all the necessary information filed and documented in order to proceed against you for the balance in full. Please contact me ASAP! This is a very serious matter that cannot be ignored any longer. Please respond before January 31st 2008 5pm CST.
We have not included every detail of this debt in this notice due to the fact that it is being sent to a group of people who are all facing the same situation so therefore it would be impossible for us to give everyone the specifics of their account however it is my suggestion that you at least call to clear up any misunderstandings it is not just by chance that we have your email.
Furthermore, when we set up your cash advance it was with the understanding that payments would be made, unfortunately at this time we show that there has been nothing paid and you have actively stopped any attempts we've made to retrieve our funds. This may be a big misunderstanding because we do own many different smaller loan companies and we do have many different websites however we only have one collection department and that is Westbury Ventures.
We have contacted you various times in various ways (e-mail, letters, phone) trying to re-establish contact with you and work this out on a voluntary basis but we have only been acknowledged with your silence, false promises, or outright refusal. Please touch base with me before January 31st 2008 at 5 pm CST if you want to resolve this voluntarily. After this date, missed extension fees and returned check fees will be added into your final balance and you will lose the option to make a settlement on this account. Your account has been coded and filed for a very serious review into this matter, however you do have until the close of business on January 31st 2008 5pm CST to make voluntary arrangements before necessary actions are taken against you.
Thanks,
Phylliss Robinson
Account Manager
Westbury Ventures
PH# 1.800.859.6439 ext 3356
Money Grams may also be sent from any Wal-mart location or call-1-800-555-3133 for the Money Gram vendor nearest you. Simply complete the BLUE Express Payment form with the information below:
Receive Code: 5889
Pay to: Westbury Ventures
City: Wilmington, Delaware (DE)
Loan ID or Account number: Call me at 1-800-859-6439 ext 3356
Don’t Forget!! When you are finished sending the Money Gram, call 1-800-859-6439 x 3356 with the confirmation number so the payment can be posted to your account... |
This is the same company that I paid $450 on a $300 loan and they say I still owe $480. I spoke with Magnum Cash Advance and I forgot to pay my last payment on friday because I thought I already paid my last payment and they wanted me to pay $80.00 interest because I couldn't pay until February 8 when I get paid next. When I startd questioning her on the amount of the interest and that I know there is a legal limit you can charge she immediately out me on hold and a supervisor came on the line. Long story short I again explained to the supervisor that it was an outrageous amount of interest and that I was going to check into the legal limit and get back to her she said I can just pay what I owe and no interest will be added on.
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wendyrenaud
Joined: 26 Nov 2007
Posts: 11
Debtcc Points: 255
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Posted: Wed Jan 30, 2008 7:58 am
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What state do you live in? If you are indeed being overcharged, Westbury is quick to fix it IF you report them. Otherwise, you'll just get a lot of back and forth from them.
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cdollar
Joined: 08 Jan 2008
Posts: 211
Debtcc Points: 3954
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Posted: Wed Jan 30, 2008 11:03 am
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I live in MI
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Register today to encash debtcc points.
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Wendy
Guest
Debtcc Points: 100
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Posted: Wed Jan 30, 2008 11:05 am
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| Quote: | Michigan State Information
Legal Status: Legal
Citation:
Mich. Comp. Laws 487.2121 et seq.
Loan Terms:
Maximum Loan Amount: $600
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of first $100, 14% of second $100, 13% of third $100, 12% of fourth $100, 11% of fifth $100, 11% of sixth $100 + any database verification fee
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One with licensee or more than one with any other licensee
Rollovers Permitted: None (cannot renew; lender may extend only if it does not charge a fee)
Cooling-off Period:
Repayment Plan: Yes
Collection Limits:
Collection Fees: One $25 returned check charge
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Michigan Office of Financial and Insurance Services
Address: P.O. Box 30220 Lansing MI 48909
Phone: (877) 999-6442
Fax: (517) 335-4978
Regulatory Contact: ,
Regulator Website
http://www.michigan.gov/cis/0,1607,7-154-10555---,00.html |
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5466
Debtcc Points: 38903
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Posted: Wed Jan 30, 2008 11:56 am
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Hi everyone
This forum is awesome! I took Magnum Cash to task over a year-old paid-off payday loan. I was overcharged nearly $1400.00 and the crooks hit my checking account using a different name, too.
I sent a strongly worded e-mail and follow-up letter citing New Jersey laws concerning loans and interest rates. Long story short...I got a refund of all overcharges in less than one week! I did the same thing with National Opportunities...refund of $1100.00 in less than a week on a year-old paid-off loan.
I am now trying to obtain refunds from VC Funding and Platinum B Services....sleazy companies and nasty to deal with, too.
I came up with a novel way to deal with Quickest Cash
Advance, too. I added up all of my overcharges from 4 previous loans and told them to deduct my defaulted loan from these charges. They will still owe me about $200.00...HA. Didn't hear anything from them for 4 months until I got the usual e-mails asking for some ridiculous amount of money.I re-sent my original letters with copies of complaints I filed with the BBB, FTC and NJAGO. Someone did try calling my references, two of whom have changed phone numbers. The third reference told them she would not give any info about me. They called pretending to be a headhunter, CPD Inc., with a prospective job. CPD...or Credit Protection Depot...another bunch of thugs. I have now sent corroborating paperwork to support the complaint I filed against MTE to the NJ Attorney General's Office...should get interesting.
This is WAR...these payday loan criminals need to be put out of business permanently! I am doing my part...and having fun turning the tables on them, too!
Lily
_________________
No Mercy for Collectors
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hanoi_lily
Joined: 30 Jan 2008
Posts: 4
Debtcc Points: 120
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Posted: Wed Jan 30, 2008 12:18 pm
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Lily-That is fantasic! Good for you!
_________________
~ Tweety~
When I'm good, I'm very good, but when I'm bad, I'm better.
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Tweety71
Joined: 04 May 2006
Posts: 1987
Debtcc Points: 22204
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Posted: Wed Jan 30, 2008 12:18 pm
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Good for you Lily! Good luck with the rest of you endeavors! Please keep us posted on your progress.
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lmk3524
Joined: 06 Sep 2007
Posts: 437
Debtcc Points: 4188
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Posted: Wed Jan 30, 2008 12:47 pm
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Thank you all......I will keep you informed of my progress.
_________________
No Mercy for Collectors
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hanoi_lily
Joined: 30 Jan 2008
Posts: 4
Debtcc Points: 120
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