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Letter from VIP Cash-QLoot Lawyer!   (Library) 

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starkllr2




Joined: 31 Mar 2008
Posts: 11

490 Debtcc Points


PostPosted: Thu Apr 10, 2008 1:37 pm 

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?

 
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Shazzers
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Shazzers
Moderator


Joined: 05 Dec 2007
Posts: 1420

13525 Debtcc Points


PostPosted: Thu Apr 10, 2008 4:03 pm 

Congratulations! That's great that you got your PIF, whatever you do, do not lose it, keep a tight hold on it! Smile
_________________
http://www.ag4ohio.gov/Public/Default.aspx
https://rn.ftc.gov/pls/dod/wsolcq$.startup
http://www.centralohio.bbb.org/WWWRoot/SitePage.aspx?site=49&id=06d7c9 bb-60f8-4085-ba90-e80440ddb4c1
http://www.com.ohio.gov/fiin/
 
hevnly_chick

hevnly_chick


Joined: 19 Mar 2008
Posts: 166

2151 Debtcc Points


PostPosted: Thu Apr 10, 2008 4:09 pm 

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


Joined: 07 Jun 2007
Posts: 9208

124037 Debtcc Points


PostPosted: Thu Apr 10, 2008 4:26 pm 

Quote:
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."


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

 
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