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 Posted: Thu May 17, 2007 9:31 am Subject: Payday Yes PIF!!!! I am soooo happy!!!!! |
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Received this from Payday Yes Today....
| Quote: | May 17, 2007
Ms. XXXXXX
We are in receipt of your complaint dated May 10, 2007 which was received via fax on May 11, 2007 and believe that the facts are somewhat different than those in your letter.
I would however, like to share with you the terms of your loan. You received documents in compliance with Delaware state law at the time of your loan fully describing how the finance fees are applied and your three (3) repayment options (these are all available for your review should you require them). Contained therein is a description of how the fees and principal are applied to your loan, as well as the loan renewal process. You agreed to the terms of this agreement via electronic signatures. In addition, you received the following forms (we have all of these within our files):
• Form 1 – Completed Application with your ESignature
• Form 2 – Loan Note and Disclosure with your ESignature detailing an itemization of your Annual Percentage Rate (apr), finance charge, amount financed, and Total of Payments.
• Form 2b – Loan Supplement with your ESignature indicating your understanding of your new loan terms, your renewal terms, and default terms.
• Form 3 – ACH Authorization with your ESignature authorizing Payday Yes to credit your account with the loan proceeds as well as debit your account for the repayment of the loans and/or fees to Payday Yes.
On Thursday, May 17, 2007, as US Operations Manager for Payday Yes, I was made aware of this issue through a letter received and it is our desire to resolve this matter with you.
Settlement Offer:
Even though your contracts clearly show that you agreed to the renewal of your loan, it is our strong desire to resolve this issue with you and, as such, are willing to settle the account in full. Your loan is now marked as paid in full and no further obligation is pending.
I appreciate your willingness to resolve this issue and regret its occurrence. |
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Bublefan1
Joined: 10 May 2007
Posts: 188
Debtcc Points: 2962
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cajunbulldog
Moderator
Joined: 20 Dec 2006
Posts: 4861
Debtcc Points: 37813
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| Posted: Thu May 17, 2007 9:42 am Subject: |
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Congrats 
It's such a great feeling to get one of those letters, isn't it?
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111673
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| Posted: Thu May 17, 2007 9:42 am Subject: |
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Yes it is...I was starting to get discouraged with the whole payday cashlink issue, but now I feel on top of the world!
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Bublefan1
Joined: 10 May 2007
Posts: 188
Debtcc Points: 2962
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| Posted: Thu May 17, 2007 10:03 am Subject: |
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Great timing then! This PIF will just encourage you to fight that much harder to get what is due to you!
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111673
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| Posted: Thu May 17, 2007 10:18 am Subject: PIF |
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I LOVE IT! Congats!
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frogpatch
Moderator
Joined: 09 Apr 2007
Posts: 3768
Debtcc Points: 31152
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| Posted: Thu May 17, 2007 10:32 am Subject: |
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Congrats Bublefan, It's a very good news. 
See how these sharks word their letters. They just show that the consumer is the one not following the laws, when the fact is completely different. Otherwise, why will they do a charity and leave the outstanding balance for the borrower
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Trenity
Joined: 14 Mar 2006
Posts: 509
Debtcc Points: 6278
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| Posted: Thu May 17, 2007 11:37 am Subject: |
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I agree..I only owed them like $30.00, but thats thirty dollars more that I have in my bank account!
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Bublefan1
Joined: 10 May 2007
Posts: 188
Debtcc Points: 2962
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| Posted: Thu May 17, 2007 5:06 pm Subject: |
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Congrats
_________________
Four things in life that you should never lose-1. Hope; 2. Peace; 3. Honesty; 4. Friends.
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irish51cc
Debt Samaritan
Joined: 27 Nov 2006
Posts: 1122
Debtcc Points: 9216
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| Posted: Thu May 17, 2007 8:57 pm Subject: |
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Thats pimp, i want one of those  ...what all transpired I'm interested.
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d2dtk
Joined: 17 May 2007
Posts: 152
Debtcc Points: 2005
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| Posted: Fri May 18, 2007 5:53 am Subject: |
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What do you mean? You want to know how I got a PIF letter?
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Bublefan1
Joined: 10 May 2007
Posts: 188
Debtcc Points: 2962
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| Posted: Wed Jun 06, 2007 1:50 pm Subject: |
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Any contact that you had the most luck with?
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miranda62743
Joined: 02 May 2007
Posts: 33
Debtcc Points: 1074
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