Internet's first get-out-of-debt community - 199,000 members

krussell1970 · 07-03-2006, 01:04 PM

I just received a lovely email from ameriloan refusing to mark my account as paid in full. They are willing to settle. Honestly, I can't decide if it is worth it to fight them (they're not licensed in this state, and have charged way too much interest even if they were, and have rolled my loan over six times...) or just to pay them what they think I owe ($80).

At any rate, here's the most interesting part of the email:

Quote:

We have identified your posts on a debt consolidation website and have turned this matter over to our Fraud Investigation Company. They have told us your letter has been sent to other companies they deal with for accounts that you and your husband Darren Russell hold.

And they enclosed a cute little document for me to sign and return to them. The most interesting part of that document is this:

Quote:

I agree that all previous payment authorizations are valid and direct my bank to honor them.

I agree to give up any right I may have to make any complaint to any court or government agency regarding my account with AMERILOAN.

Um, hello? I might consider settling but I won't let them have access to my account. And I certainly won't give up my right to complain about them to my state's attorney general!

Anyway. Interesting scare tactics. And hey Ameriloan, thanks for providing me with about 10 minutes of free entertainment this afternoon!

anthony · 07-03-2006, 01:21 PM

Good that you are not nervous!! Most people get scared of such scare tactics. You are sure that ameriloan is not licensed in your state and have charged more than the allowed state laws. You hold the legal stand in such case. I would like to talk to an attorney and know how he can assist you in this regard.

polly · 07-03-2006, 01:26 PM

ameriloan IS NOT LICENSED IN OKLAHOMA!!!

AMERILOAN CHARGES MORE THAN THE STATE OF OKLAHOMA ALLOWS IN FEES FOR A PAYDAY LOAN

Ameriloan if you are reading chew on that ish!

polly · 07-03-2006, 01:30 PM

Quote:

A. No person may engage in the business of making deferred deposit loans without first obtaining a license pursuant to this act, unless exempt under subsection B of Section 3 of this act. A separate license is required for each location where deferred deposit loans are made. The licensee shall post its license to engage in the business of making deferred deposit loans at each licensed location.
B. The Administrator may initiate administrative action against an unlicensed person as if the person held a license under this act if the person is found to be engaged in the business of making deferred deposit loans.
C. The Administrator may issue a license for each location at which deferred deposit loans are to be made to any person making deferred deposit loans at multiple locations; provided, if such licensee is not in compliance with this act as to each license, any action to revoke, suspend or not renew one license shall be applicable to all licenses issued to that licensee. This subsection shall not be construed to require a license for any place of business devoted to accounting or other record keeping and where deferred deposit loans are not made.
D. When a licensee wishes to move a licensed location to another licensed location, the licensee shall give thirty (30) days' written notice to the Administrator, who shall amend the license accordingly.

http://www.okdocc.state.ok.us/TITLE59/chapter47ddl.php

If anyone needs to be turned in for fraud...it is AMEILOAN!

krussell1970 · 07-03-2006, 01:33 PM

I searched the state attorney general's website/database (which is where the license would come from) so I'm positive they're not licensed in my state. And payday loan companies are only allowed one rollover and a charge of 20% interest in this state. My state's attorney general even has a payday loan related-complaint form online.

I didn't demand an interest refund at first--maybe now is the time?

Anyway, I'm feeling a bit like Big Brother is watching me. I hope ameriloan didn't see me in my pajamas, slurping down coffee while on my exercise bike this morning!

polly · 07-03-2006, 01:36 PM

LMAO what state are you in? The licensing info is typically on a state's division of financial institutions website.

Be careful if ya pick ur nose...they might be watching! And Heck yes go for a refund on the interest!

krussell1970 · 07-03-2006, 01:49 PM

Polly, I'm in Colorado. Oklahoma's laws sound similar!

I was surprised to find the database at the attorney general's website too... but here's the link, just in case anyone needs it in the future.

I'm not picking my nose right now, but I hope they don't see me sitting in front of the TV all vegged out tonight!

Edited to add link, I hope!
http://www.ago.state.co.us/UCCC/ucccdata/ucccinput.cfm

polly · 07-03-2006, 01:53 PM

Cool beans! Thanks for sharing the link!

krussell1970 · 07-03-2006, 03:16 PM

Well, now they're threatening to turn me over to their "legal department" because I posted snippets of their email to me up above. Funny, I thought their little disclosure was supposed to protect ME, not THEM.

At any rate, at what point does this treatment equal stalking and harassment?

Hey ameriloan? How about you send me a check for $280 in interest overages from March to present ($360 minus the $80 you think I owe you). I'm a nice kid--I'll forgive the interest overages from October to February. Smooches!

andyyoung · 07-03-2006, 03:21 PM

Remember, the email sent to you by ameriloan is for business purpose. There is nothing personal in it. You can do anything with this email. Ameriloan!!! I guess you must be aware of it.. Stop threatening on the basis of weak reasons.

krussell1970 · 07-03-2006, 03:35 PM

Andyyoung, exactly! The email disclosure states plainly that it protects CONSUMERS. What is ameriloan consuming, besides my money?!

polly · 07-03-2006, 03:45 PM

Tell ameriloan to bite you! Ok, I'll do it for you...

Ameriloan, bite me!

You are frauds, frauds, frauds! Go ahead please sue me, I am begging you! LOL
They wouldn't dare step foot into any courtroom in this country because they know their happy arses would get thrown in the pokey!

krussell1970 · 07-03-2006, 03:57 PM

I wonder if ameriloan is licensed in any state?

Careful Polly, next thing you know they'll tell you what brand of toothpaste you use!

andyyoung · 07-03-2006, 04:04 PM

LMAO

polly · 07-03-2006, 04:05 PM

No they are not licenced in any state. ameriloan, Rio Resources, United Cash, they are all the same. Rio actually uses a residential address in the friggin Caymen Islands and a phony registered agent in New Mexico. They paid 100 bucks for it! Anyone can buy it from this website that advertises how to hide one self and their assets. There is a whole book to buy!