So a couple of weeks ago, I filed complaints against all the PDLs I had with unlicensed/illegal lengers (I'm in Virginia).

Last week, I got an email from one of them, QLoot/VIP Cash, saying they considered my account PIF.

Today, I got a letter from their lawyer. It says:

"Dear starkllr2:

As counsel for VIP Cash/QLoot, I am responding to your Complaint No. XXXXX.

It is VIP's policy not to take any legal action to enforce repayment if its loans, relying, instead, upon the integrity of its borrower(s) for repayment. That said, VIP has written off your unpaid balance.

Also, VIP was not aware it was required to be licensed in Virginia, and has immeidately ceased making loans to Virginia residents. Coincidentally, VIP has recently retained D.C. counsel to process licensing applications in all states requiring licenses. Upon being formally licensed, VIP may, but will not necessarily, resume transacting business in Virginia."

How about that?

Congratulations! That's great that you got your PIF, whatever you do, do not lose it, keep a tight hold on it!

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Congratz!! Its nice that they admitted that they were illegal/unlicensed, wish they all were like this!

WOW! They actually put that in writing! I'm amazed! Great news, starkllr2!

I am actually going through this-they had it in collections and someone called my grandmother and told her my husband would be arrested for fraud-because he didn't payoff this loan (I also live in VA) that he would be arrested for a criminal offense. Well, low and behold it scared us....we did some investigations online and found out this was illegal-we are in the process of getting them taken care of for good. This is just wrong....thanks for your information email!

that's great! i, also, cannot believe they put that in writing. hold on to that with your life, lol. congrats!

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I'm going threw the same thing with them now and as far as they had stop giveing loans to va residents thats a lie i had got one in jan and now there doing the same thing to me. They called my work told them he was an investergator on a case against me and gave out my ssn which is illegal. the same comp was sued last year and knew it was illegal in the state of va. I got the same lawyer that sued them last year for this.

guest, keep us posted on how that worked out.

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My new blog.. on trying to get out of debt, making extra money online, getting a new life.. just little things I have picked up along the way for making extra money..
http://what-shoulda-been.blogspot.com
Updated regularly

Starkller2 If i gave you my email or my home address could you send me a copy of that letter from there lawyer stateting that it would really help me

Starkller2 could you please share with us the e-mail of the qloot lawyer? I would like to send my C&D letter directly to him if possible.

does anyone know if VIP is licensed in Oklahoma?

yep truth in lending.gotta love america.where a moderator can delete your humanoid rhetoric.

I hate to say I did borrow from but I paid it back and never had a problem.

I am also glad you were able to get out from under this loan but I hope you will consider taking further action against this "company". They let you out of your loan but many others are still trying to pay.

Their lawyer claims they didn't know they had to be licensed. I don't believe this and even if it were true, does ignorance of the law give them an excuse?

Internet payday loans are being illegally made in Virginia and we need to stop them.

Contact me if you want to discuss this further. I work in a coalition of people and groups that are trying to reimpose usury limits on these lenders.

do anyone have vip cash phone number

I have been trying to reach someone at VIP cash Qloop and for some reason I have
not been successful. I trying to find out how much I owe on my loan. You have
taking$150.00 out of my checking account since July. The loan was for $300 and
you are still taking $150 out of my account. Do your company have a contact number.

Clyde V.Williams