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Posted: Tue Oct 10, 2006 6:47 pm Subject: Settlement letters

where can I find letters about settlements?

Posted: Tue Oct 10, 2006 6:51 pm Subject:

Here it is: http://pollyandsay.yesdebtfree.org/template-letter/

Remember to insert your state pdl laws, and add that you have filed a complaint with your state AG's office and make sure that you file that complaint. Hope this helps!

Posted: Tue Oct 10, 2006 8:05 pm Subject:

I need some help writing settlement letters.

Posted: Wed Oct 11, 2006 9:37 am Subject:

What exactly do you want to mention in the settlement letter? You will get some samples in the letters section.

Posted: Wed Oct 11, 2006 9:41 am Subject:

Those are helpful. Thank You.

Posted: Wed Oct 11, 2006 10:53 am Subject:

arj800, here is some other information regarding AL state laws that you can use in your letter:
- Maximum finance rates and fees: 17%. However, after defaulting, it drops to 3% according to AL law.
- only 1 rollover is permitted
- criminal action is prohibited, so they can't threaten you with this

Posted: Wed Oct 11, 2006 10:54 am Subject:

Also, Al law states that:
Any person who willfully makes charges in excess of those permitted by Section 5-18A-12 or any person who willfully engages in the business of cashing deferred presentment checks in violation of Section 5-18A-3, or both, is guilty of a Class B misdemeanor for the first offense and a Class B felony for the second or subsequent offense.

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