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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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 Posted: Tue Apr 01, 2008 2:04 pm
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Please send me a sample letter to send to my illegal lenders. arrowhead investments, TJF corp. Power Funding. They are due to hit my old acct on april 4th. Thank you.
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9208
124037 Debtcc Points
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Posted: Tue Apr 01, 2008 5:29 pm
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Hi, lady!  I'm going to post a letter for you to use to send to the illegal pdls, okay? What you'll need to do is re-word it for each pdl - according to the situation. Like if you've overpaid, put the dollar amounts in and demand a paid in full and a refund. If you've paid the principle amount, put the dollar amounts and demand a paid in full. If you haven't paid the principle amount yet, put in the dollar amounts and then tell them you will only pay xxxx dollars to pay the principle amount off. If you have any questions, just post!
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9208
124037 Debtcc Points
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Posted: Tue Apr 01, 2008 5:30 pm
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| Code: | Name and Address of PDL
After doing research on internet payday loan laws in the state of YOUR STATE' S NAME, 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 YOUR STATE'S NAME in general:
INSERT YOUR STATE LAWS HERE
I have contacted the YOUR STATE Office of Financial Institutions and the YOUR STATE State Attorney General’s Office regarding your internet payday loans and was informed they are indeed illegal in YOUR STATE and was advised to pay what is due according to principle amount only of the loan.
I have currently paid XXXX DOLLARS on my XXXX DOLLARS loan. The legal amount that could have been charged to my loan is the principal amount of XXX DOLLARS even if your internet pay day loan was legal in YOUR STATES NAME. I have paid XXXX DOLLARS on this loan by your debits of my bank account and only owe XXXX DOLLARS to have this paid in full. I am willing to pay the amount of XXX DOLLARS to pay the principle amount of the loan only, as advised by my Department of Financial Institutions and my state Attorney General's office.
I demand a physical address to mail payments to, as you are no longer authorized to debit my bank account. You must provide me with a physical address to mail my payments. I will not Money Gram or Western Union any payment. If no physical address is provided for me to mail payment to, no payment will be made.
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 YOUR STATE.
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 for 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 XXXXX, regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.
Your name
Account Number
cc: Better Business Bureau
Federal Trade Commission
State Attorney General |
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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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Posted: Wed Apr 02, 2008 5:47 am
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Are B&L Marketing, Ashland Enterprises & Ameriloan legal in the state of PA?
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5318
37471 Debtcc Points
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Posted: Wed Apr 02, 2008 6:19 am
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If a pdl is licensed anywhere, it is considered legal in PA.
_________________
Money is a lousy way of keeping score
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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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Posted: Wed Apr 02, 2008 6:26 am
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Well are they legal anywhere?
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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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Posted: Wed Apr 02, 2008 6:27 am
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I meant "are they licensed anywhere"?
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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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Posted: Wed Apr 02, 2008 6:32 am
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How does this letter look?
TJF Corp. and/or Bahamas Marketing Group
After doing research on internet payday loan laws in the state of Pennsylvania, 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 Pennsylvania in general:
Pennsylvania State Information
Legal Status: Prohibited
Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, § 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. § 6201 et seq.
Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year
Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg, PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
Regulatory Contact: Jim Keiser, Administrator of Non-Depository Institutions
I have contacted the Pennsylvania Office of Financial Institutions and the Pennsylvania State Attorney General’s Office regarding your internet payday loans and was informed they are indeed illegal in Pennsylvania and was advised to pay what is due according to principle amount only of the loan.
I have currently paid $225.00 on my $250.00 loan.
I need a physical address so that I could send the other $25.00 owed on this account. You are no longer authorized to debit my bank account or contact me or any of my references. I demand that you only contact me 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 Pennsylvania.
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 for 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 April 4, 2008, regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.
(personal information removed for your safety. cannr)
cc: Better Business Bureau
Federal Trade Commission
State Attorney General
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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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Posted: Wed Apr 02, 2008 6:34 am
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Please delete my personal information off the letter. I can't delete it. Thanks.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5318
37471 Debtcc Points
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Posted: Wed Apr 02, 2008 6:48 am
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I can not find that ameriloan holds any licenses.
_________________
Money is a lousy way of keeping score
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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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Posted: Wed Apr 02, 2008 6:54 am
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Is there any way that you can delete my name off the bottom of the previous post. Thanks.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5318
37471 Debtcc Points
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Posted: Wed Apr 02, 2008 6:55 am
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A mod will have to come by to do that.
_________________
Money is a lousy way of keeping score
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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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Posted: Wed Apr 02, 2008 6:58 am
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Can I use the above letter for the illegal loans?
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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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Posted: Wed Apr 02, 2008 7:11 am
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What's a mod
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ladydphilly
Joined: 21 Mar 2008
Posts: 33
1128 Debtcc Points
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Posted: Wed Apr 02, 2008 8:47 am
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What about B&L Marketing & SCQ
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