AIP won't give me mailing address

I had a loan with these guys that had defaulted, and I think my balance was like $338.00 or something. I was making payments by money order and then they barged with another company. When the other company contacted me, they stated that they couldn't accept money orders any longer. I set up the arrangements through my acct @ the bank, and they were supposed to start debiting. Like 3 or 4 days before the 1st debit, they called and said that they were not longer licensed to do loans in NC, so my acct was paid in full. I still am waiting for them to send my PIF letter, but am not going to hold my breath. Since then, I have called in and spoke with several different ppl and they all tell me that my loan is PIF. What state are you in? Have you talked to a gentleman named Michael??

I'm in oregon, and as far as I can tell they are not licensed in oregon. I've only talked to ladies so far . . . . On a $200 loan I've paid them $267 or $356, I don't remember off the top of my head if I made 3 or 4 payments to them. I'm not going to give them my new banking info under any circumstances. They marked you paid in full without you even asking? If they are that nice and actually following the laws why am I having so much trouble? They told me they only have to follow UK laws, not US laws, and certainly not Oregon law, which is total BS, but that's what the lady said several times to me this morning.

Yea, the gentleman that I spoke to was very nice. He is @ ext. 123, maybe you should try to talk to him. A few days after the got my bank info, he called and told me that. I waited like a month and called back, now they still tell me that it is paid in full.

Do you know if they go by any other names than AIP?

American International Processing, I think that is what it is.

Yeah, there is no AIP, or american international processing licensed here in oregon.

Did they ever try to tell you they follow UK law? I'm shocked that they would tell me one thing and you another!

No, they never mentioned it. They were very nice and I was very impressed after reading the posts on here.

Well, I will call ext 123 and see what he says . . . .

Ok, his name is Michael. Be sure to let me know what he says..

I've tried calling twice, but I keep getting his voicemail. I don't want to leave a message because I'm using this site to record the call and I need to call him, it won't work if he calls me back. But the voicemail does say his name is Michael, so it sounds like its the same person. I will keep trying. Thanks for the contact info! I'm hoping he will mark my loan paid in full too!

I'm not sure if he will, I think the only reason they did mine, was b/c they are not licensed to do them here and someone did anyway. Ya know, PDL are illegal in NC where I live.

They are legal in Oregon, but you have to be licensed with the state. They are not. In talking to a guy at the oregon licensing dept he told me that since they are not licensed the contact is void and I techincally do not have to repay anything. He said that he is looking into their company and they will probably get a hefty fine for doing business without the proper license. He also said that if they try to file anything in oregon courts against me, they will be arrested because of not having a license. It's just a fine they'd have to pay, no jail time or anything, but still, he said he's never seen an unlicensed payday lender go after a customer and win.

This is the address of AIP

AIP
2207 Concord Pike
Wilmington, DE 19803
800-274-4159

Well, I finally just left a message. We'll see if he calls me back . . . .

He was really good about calling me back. I think that if you explain what is going on, then he will either mark it paid in full or set you up on some good arrangements. I didn't ask, how much was your loan and how much have you paid back??

My loan with them was $200, and I've paid back I believe $356. It may only be $267, I'm not positive. I'm not giving them my bank account info again, and with them saying they don't accept anything else they aren't getting another penny from me.

What are the laws in your state??

Unfortunatly, there are no interest caps. There are 3 rollovers. The only real requirement is you have to be licensed. They just passed a law severly restricting pdl's, but it doesn't go into effect until June 2007. But regardless, the governor here has taken a strong interest in these companies operating without licenses in oregon and is fining them.

How many times has your loan rolled over??

At least 3, probably 4 times. According to oregon law, if you reach the 3 rollovers and still can't pay the company must make payment arrangements with you, and they aren't allowed to keep charging the finance fee every two weeks.

Plus the max loan term is 60 days. It has gone over that too!

Plus the max loan term is 60 days. It has gone over that too!

I would just explain that to Michael and see what he says. If he replies as the others that you talked to, I would just start sending them settlement letters by fax, mail, and email.

I've been sending them letters for the past week. Do you have an email address for them? I only have the phone numbers and mailing address.

I don't have it, but I will search here in the posts and will also look other places.

Did they start calling before the letters or after??

Before and after. They have not mentioned the letters in our conversations. I know they got at least 2 because I sent them certified. Whenever I mentioned the contents of the letters I was told that I signed a contract saying I agreed to UK laws and that nothing I say applies. BTW, this as a verbal contract too. Nothing was ever signed or is in writing.

I am pretty sure that they have to follow the laws in the state of the "consumer". If I am wrong, someone please correct me.

You are right. Several cases have gone to federal court and currently the precedent is:

"If a business solicits business, accepts business,and continues to transact business with a consumer in another state, the court held that, in fact, the "electronic" business is conducting business in the consumers state, and therefore, is subject to the laws and courts of that state."

Thanks..