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 Posted: Thu Nov 29, 2007 11:47 am Subject: yea! pif form cash supply |
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Well after going back and forth with Cash Supply I got a PIF. I emailed them yesterday and informed of the New NM PDL laws and this was their reply.
Thanks for your help
| Quote: | Dear XXXXXXX
We are in receipt of your complaint dated November 14, 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 New Mexico 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 Web Payday to credit your account with the loan proceeds as well as debit your account for the repayment of the loans and/or fees to Cash Supply.
On Wednesday, November 28, 2007, as Recovery Manager for Cash Supply, I was made aware of this issue through an email received and it is our desire to resolve this matter with you.
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 waive the remaining balance of the loan which is $140. Your loan will be marked as paid in full and no further obligation would be pending. Please understand that we will no longer be able to consider doing business with you as a result of this action.
I appreciate your willingness to resolve this issue and regret its occurrence.
Sincerely,
Theresa Cleveland
Cash Supply
Recovery Manager
(800) 416-8907 |
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db
Joined: 11 Sep 2007
Posts: 40
Debtcc Points: 1761
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| Posted: Thu Nov 29, 2007 11:49 am Subject: |
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Congrats drillboy!
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volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
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| Posted: Thu Nov 29, 2007 12:11 pm Subject: |
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Congratulations!!!Had you already paid your principle back?
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TMBL
Joined: 11 Sep 2007
Posts: 115
Debtcc Points: 2226
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| Posted: Thu Nov 29, 2007 12:18 pm Subject: pif cash supply |
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Yes, and then some... My loan was $200.00 and paid them a total of $350.00, I know sick, Just glad to be done with them..
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db
Joined: 11 Sep 2007
Posts: 40
Debtcc Points: 1761
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| Posted: Thu Nov 29, 2007 12:19 pm Subject: |
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Congratulations! I love to see this. 
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Jessi
Moderator
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Posts: 3466
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| Posted: Thu Nov 29, 2007 12:41 pm Subject: PD |
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Congratulations. I know it makes you feel good to get rid of one.
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motomom716
Joined: 17 Oct 2006
Posts: 142
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| Posted: Thu Nov 29, 2007 3:27 pm Subject: |
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great! thats the same lady that offered me a settlement and i got that very same letter
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jaydanielle1
Joined: 24 Oct 2007
Posts: 553
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| Posted: Thu Nov 29, 2007 3:30 pm Subject: |
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YES!!!! All these stories are giving me encouragement and hope 
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tina82064
Joined: 28 Nov 2007
Posts: 108
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| Posted: Thu Nov 29, 2007 3:56 pm Subject: r |
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drillboy, you don't know how glad I am to see that you received a PIF from these guys! Great going!
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cannr
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| Posted: Fri Nov 30, 2007 12:32 pm Subject: |
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That is great news, like you would ever think about doing business with them again.
ladybug
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ladybug
Joined: 29 May 2007
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| Posted: Fri Nov 30, 2007 5:13 pm Subject: |
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Awesome!! I am so happy for you!!
_________________
"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: Fri Nov 30, 2007 7:31 pm Subject: |
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Good job...You are awsome!!
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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