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 Posted: Mon Oct 02, 2006 4:54 am Subject: Cash today ltd - threatening leagal now !!!!!!!!!!!!!!!!! |
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Cast today Ltd. continuing to ignore my e-mail's have been trying to reach them by phone - always on hold
now they say they have turned this over to there legal department - I have sent them letters after letters stating my state laws how I have paid them well above the 200.00 how there fees are in excess of the state of Arizona usary laws etc. etc. and they continue to ignore - They are not calling my work or my cell phone they are just sending me e-mails
any Advice????????
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ouzog12
Joined: 02 Aug 2006
Posts: 120
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| Posted: Mon Oct 02, 2006 5:05 am Subject: |
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They did the same thing to me, they're just blowing smoke. They CAN NOT do anything, because they're not licensed. (Even thought they told me they are registered in all FIFTY-TWO United States...I said, "52? I was told in Geography class that there are only 50!")
If they try to take you to court, which they would HAVE to do in your local court, they could be arrested for loaning money without a license.
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Jessi
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| Posted: Mon Oct 02, 2006 6:37 am Subject: Cash Today |
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Hi ouzog12: I had the same issues with this place..and Jessi is right..they cannot take you to court..here is what I wrote to them, and their response...Darren is the manager..feel free to use my templete if needed:
| Quote: |
From : darrenw <darrenw>
Sent : Tuesday, April 11, 2006 7:13 AM
CC : <katie>
Subject : RE: Cash Today Loan
Ms XXXXXX:
As a UK based company we are not regulated by the state of Maryland and as
such, when you agreed to the terms of the loan, it was made very clear of
the fact that the loan would be 'solely covered by the Laws of the United
Kingdom'.
You received the loan in September 2005 and to date we have not received any
payment on the account, in fact the financial Institution are advising the
account number is invalid. The accumulated fees for non-payment on the past
14 paydates which have passed have caused a massive rise in the balance due
which has reached $1306.
You made an agreement on March 21st to pay the account off in 3 installments
of $200 but unfortunately these were refused by the Bank.
As a gesture of goodwill, I would be prepared to accept the sum of $600
payable in 3 x installments of $200 on your next 3 paydates to close the
account.
As we have had the aforementioned problems in trying to use your account, we
would be happy to accept Money Orders which can be sent to our US mailing
address and these will be forwarded to us, the address is;-
Cash Today
1005 Terminal Way
Suite 110
Reno NV
89502
Please clearly write your name and SSN on the Money Order so that we can
allocate it correctly.
I have copied the BBB in on this response for their records regarding your
complaint with them.
Regards
Darren W
Cash Today
-----Original Message-----
Sent: 06 April 2006 19:10
To: darrenw(at)cash2day4u.com
Subject:
TO: Darren, Cash Today
FROM: XXXXXXX
It has come to my attention that you are operating in violation of Maryland
State Administrative codes governing Check Cashiers/Sellers and Payday
Lenders wherein it states that Payday Lenders are required to be licensed by
the State of Maryland. This law applies to any payday loans made to
Maryland state residents regardless of the state of origin or contractual
jurisdiction agreements.
Irrespective of our contract, you appear to be conducting business in
violation of this administrative code and the governing law directing its
creation. This violation renders our contract illegal in the State of
Maryland, rendering any terms agreed to therein null and void.
In order to settle my account and avoid any liability, I may have by being
party to an illegal transaction, I m willing to accept settlement of my
account for the principle balance only to be paid in equal monthly
installments of $100. These installments will be paid using certified,
traceable funds in the form of Cashier's Check OR Money Order only.
On advice of counsel, I am hereby immediately revoking my previous
authorization for ACH/Electronic withdrawal due to the fact that the loan
was made in violation of Maryland State Law.
A copy of this email is also being forwarded to my legal counsel.
I will expect a reply within 48 hours, or I will be forced to escalate my
efforts to resolve this issue.
Regards
XXXXXXXXXXX |
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Missy
Joined: 18 Nov 2005
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Tiffany99
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| Posted: Mon Oct 02, 2006 11:40 am Subject: |
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lol...Jess, I think when they say 52 they're including Puerto Rico and the Virgin Islands.
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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| Posted: Mon Oct 02, 2006 1:50 pm Subject: |
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So far, I have not read anyone saying that Cash Today has actually sued anyone in the US. The situation that you find yourself in is happening with many others. If the company had done something beyond this like taking someone to the court, I am sure it would have been posted here. But it didn't. So, what's the conclusion you draw from here?
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FlyingCats
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| Posted: Mon Oct 02, 2006 1:54 pm Subject: |
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I agree with you Flying Cats, they haven't sued because they are not licensed to do so. And I agree that if they had sued we would have seen a post about it. And when I think about it, has anybody on this forum been sued by one of these internet pdls for defaulting?
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WHEREAMI
Joined: 26 Aug 2006
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| Posted: Mon Oct 02, 2006 2:12 pm Subject: |
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Yes, I have read few posts that say about being sued by the lenders. But that happens only when the lenders have the legitimate reasons or their debt consolidation/settlement company had been not been making the payments. Their has to be enough reasons to get a case. It cannot be done by weak reasons and threats often put by the lenders.
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FlyingCats
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| Posted: Mon Oct 02, 2006 2:34 pm Subject: |
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Are you talking about the internet pdls? I can see the storefronts having a legitimate reason to go to court they are licensed. Just curious, I know the only threats the internet pdls are threats of being arrested for absurd charges. Thanks.
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WHEREAMI
Joined: 26 Aug 2006
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| Posted: Mon Oct 02, 2006 2:47 pm Subject: |
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Well, I don't say that every storefront lender is following the laws and have grounds to get a case against the consumer. At the same time, I will not say that every internet lender is violating the laws. This is a big industry and we are only talking about a fraction of them. but they are very much talked about because of their nature of business.
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FlyingCats
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| Posted: Mon Oct 02, 2006 3:44 pm Subject: |
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I think the ones mentioned on this site are the BIG offenders of the law.
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WHEREAMI
Joined: 26 Aug 2006
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| Posted: Mon Oct 02, 2006 4:33 pm Subject: |
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In Ohio, if Cash Today were to actually sue someone and show up in court, they would be arrested.
Fins--I don't think he was considering PR and the V Islands, I just think he was that stupid....lol
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Jessi
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| Posted: Mon Oct 02, 2006 4:33 pm Subject: |
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I remember a situation last spring..If I remember correctly, the internet company sent the loan to a ca that WAS licensed, and the CA was able to actually get a judgement to garnish. I remember this, because I was helping the person with the garnishment..I don't know what ever happened with that, though. And..I'm almost positive the company was sonic.
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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| Posted: Mon Oct 02, 2006 4:40 pm Subject: |
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Fins, that amazes me quite a bit. An unlicensed loan company targeting people through a licensed collection agency in a particular state. That can be scary!!
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FlyingCats
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| Posted: Mon Oct 02, 2006 4:41 pm Subject: |
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Did the CA try garnishing only after the person couldn't reach an agreement? Or did they just go straight to court to get the garnishment? I agree, sneaky ba#$!***
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WHEREAMI
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| Posted: Mon Oct 02, 2006 5:10 pm Subject: |
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The way I remember it, they sent a letter stating the debt. Then, right when the 30 days was up, they sued. The person didn't validate the debt, she didn't attempt to make arrangements, so she could've prevented it, but still, definitely sneaky.
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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