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Posted: Wed Apr 09, 2008 3:19 pm Subject:

Again, thank you Vbmom! It seems like I am saying alot of thank you's lately! I do really appreciate every bit of help I have gotten here! Very Happy

Posted: Wed Apr 09, 2008 3:22 pm Subject:

You are so very welcome....anytime. Very Happy

Posted: Thu Apr 10, 2008 10:32 am Subject:

Does anyone know who Apollo Group is? I keep getting phone calls from them and they don't leave messages. None of my pdl's were directly from them as far as I can tell. Confused

Posted: Thu Apr 10, 2008 10:54 am Subject:

Another question as well. I receieved the following email from Loan Shop. I had a $500 loan with them, to date I have paid $450 in "fees". I believe I only owe them $50, how do I respond to this letter?

Dear Momof1:

YOU HAVE AN OUTSTANDING BALANCE - REMIT PAYMENT IMMEDIATELY

Your loan with Loan Shop Online is detailed below. Send payment by one
of the means detailed below or contact me at 1-888-265-5074 to avoid
further collection activity.

Account # Balance Fund Amt
XXXXX $650.00 $500.00

Your payment can be made via MoneyGram or electronic withdrawal! Call
today to discover the payment plan options available to you.

Sincerely,

Yolanda Rue
Account Manager
Loan Shop Online

PS --- You can pay your account today via MoneyGram. Call
1-800-555-3133 for a MoneyGram location near you, or search online at
www.moneygram.com:

Receive Code: 4959
Pay To: LTS Management
Wilmington, DE 19803
Acct #: 415035

Posted: Thu Apr 10, 2008 10:56 am Subject:

Mom, I would reply with the original letter you sent. Add a note that you have alread told them this and the letter they sent you is not correct and does not follow your state law.

Posted: Thu Apr 10, 2008 11:32 am Subject:

Now I have a really nice offer from MTE too. NOT! They are offering to settle with me for $250 and waive all the finance and collection fees. The thing is I took out a loan for $400 and have to date paid them $945. Once they have this $250 they are then willing to mark my account PIF. Obviously, I am not going to send this.

[/quote]Based on the information supplied in your complaint, it is evident that the information derived from some sort of form or template, as it does not apply to your particular loan. It is strongly advised that consumers do not fall prey to the contributors of this type of information, as it is not always true, nor does it apply to every circumstance. Often, the information actually incriminates the consumer for not abiding by the laws of the state that they live in. Additionally, any contradiction to a consumer’s signed loan agreement can actually put them in default. While it is appealing to a consumer to find what appears to be an "easy way out" of their debt, there is no such thing if the debt is substantiated by a legal, signed contract. Using information containing legal jargon that you have not actually researched in an attempt to threaten a company into writing off a balance that you know you owe can actually be harmful to you as a consumer.

The money was lent to you by our company in good faith with the understanding that you would abide by the terms detailed in your loan contract, just as we upheld our end of the agreement by crediting the funds to your account in a timely manner. The Loan Note and Disclosure that you e-signed and thereby agreed to is very detailed and clear so as not to cause any confusion to you, the borrower, and meets all the Truth-In-Lending and Reg Z requirements as prescribed by Federal statute.

Upon review of your account history, you clearly knew all terms and conditions of your most recent loan, as you have been approved for loans many times in the past and have applied on many occasions for additional lending. We have all legal contracts that you e-signed, thereby agreeing to the terms and conditions of the loan(s). Having had loans in the past for which the terms were exactly the same, claiming not to have understood the terms of this loan can easily be disputed, as you were not coerced in any way by our company to reapply and did so on your own. It is highly unlikely that a customer would return to a company for additional lending if they had been unsatisfied with the service the first time.

Due to the fact that you have revoked authorization on our debits, no further debits will be made from your account from this date forward.

Due to the fact that you are clearly in a situation that led you to use any information that you could obtain in an attempt to relinquish your debt with our company, and in the interest of good customer service, we have agreed to waive all finance charges currently due on your loan and settle for complete payment of the principal balance owed. It is our hope that this will ease some of your financial burden, as well as avoid further collection efforts that would inevitably ensue should you default on your loan agreement.

Posted: Thu Apr 10, 2008 11:44 am Subject:

Blah, Blah, Blah, Blah...what I am confused with is this....

Posted: Thu Apr 10, 2008 11:49 am Subject:

Yes, that is what they are saying. As far as I am concerned I way overpaid them already. I am guessing from their letter that they are now used to getting these from people? And trying to make it seem as though the information I have is incorrect, to get me to pay?

Posted: Thu Apr 10, 2008 11:50 am Subject: reply

WOW!!!!!!!!!looks like the letter usfastcash emailed me 2 months prior to settling for what i actually owe.they are a trip,they just will never get it.

Posted: Thu Apr 10, 2008 12:03 pm Subject: cnina0224

we just gotta stay tough mom! we both here in cali and they both trying to fool us with nonsense. i WORK at a law firm and i am just going to have to stick it thru and make myself seem tougher than steel. as long as they can't access my account anymore, i feel more at ease . now i can pay bills.

Posted: Thu Apr 10, 2008 12:04 pm Subject:

Well Mom, I would say then....stand firm and keep giving them the same pdl letter as many times as you have to. Tell them the terms are unacceptable and keep telling them that until you get what you want.

Posted: Thu Apr 10, 2008 12:07 pm Subject: keep going on strong!!

this site has been a blessing all on its own. i have high anxiety, and well this has eased so much off of my mind. thank you all so much for ur support!

Posted: Thu Apr 10, 2008 12:15 pm Subject:

cnina, me too! I sent you a pm. Also, I still have a question from earlier that was not answered, has anyone ever heard of Apollo Group? I keep getting phone calls from them and they don't leave messages. None of my pdl's were directly from them as far as I can tell.

Posted: Thu Apr 10, 2008 12:25 pm Subject: apollo

no. i never heard of them. maybe u can do a search on this site by typing it in on the right hand upper corner. thats what i did for some of my q's on companies!