Misinformatoin regarding fdcpa laws

What states do you have licenses in to give a loan to people?

Also, isn't it true that once you loan to a person that you are required to follow the laws in their state?? For example, if someone lives in a state that prohibits payday loans, you can't give them a loan, right??

hello Mr. Foster. First let me tell you, it's a shame I don't moderate this particular forum, because it's pretty mean of you to announce the name of a debtor. rest assured, that will be deleted soon.

Second, you are cashnet500, and your BBB report stinks.

Also, why is it that when you go to Cashnet500's website it says that Cashnet500 is not a lender. It get's referred on to another site, such as Payday-Loan-Yes. Why are you operating under so many names? 1)Cashnet500 2)Payday-Loan-Yes 3) Global Payday and 4) Global Financial? Is it to cover your tracks?

I know Cashnet500's website used to not say, "this is not a lender." Please explain!!

That's interesting stuff, Brownsugar. Wow, that's a lot of aliases! I can't wait to hear why.

JUST WHO DO YOU THINK YOU ARE! And do you think that we are all stupid! Isn't Global Finacial GFSIL? If so You people owe me $1080 on a 200.00 loan and according to my attorney you ARE NOT following the laws in the state of Ohio. Now would you like to fight with him about this. Your company has not answered one e-mail that I have sent and there have been many. I have forwarded them to every gov. agency that I can think of and to all of the major news stations. You are not above the laws as they are written in each state. When you are merchandizing something you are by law to follow the laws in the state in which you are doing business.

Jeff, whether or not you are a third party collector or not, you did violate the law when you threatened arrest. As far as the law and you regarding fair debt collections you don't have to obey the cease and desist letters, etc.......But what you have done is committed extortion, third party, first party, whatever it doesn't matter. You made a threat which you knew could not be acted upon in an attempt to take money from another. Extortion, original collector, thrid party collector, Joe Blow off the street doesn't matter.

I am sure "Jeff Foster" will not be back!

Thank you, Steelers - you took the words right out of my mouth. I was about to post the very same thing.

I know. It doesn't matter who he is or who he works for, it is plain and simple against the law to make threats, false or real to a person in an attempt to collect money. I don't care if you work for a company or the "Godfather", it is a felony, it is called extortion. Maybe I should post the link for Jeff to check out where a collector was found guilty of extortion and sentenced to jail for this felony. It only takes one call from one threatened customer to the prosecutors office.

Jeff you are an accountant - not an attorney - maybe you should ave one of you crack "legal eagles" get you the proper information regarding the laws in the United States before you go spouting off about what laws you are governed by. You obviously knew where the man from texas got his information from, you came right to this forum and it seems without much trouble, too. You even figured out how to post. So how long have you been lurking in the shadows?

Those are not aliases. They are company names geniuses.

Global Financial owns several payday subsidiaries including CashNet500, Payday-Loan-Yes, and Global Payday.

The reason the website you refers to says that CashNet500 is not a lender is because Global Financial is the actual lender. We are the parent company.

You guys are seriously stupid.

P.S. Pay your damn bill NAME DELETED - SUEBEE.

Why didn't you respond to Steelers comments about the fdcpa and the cease & desist letter. Is it because you know you actually violated the FDCPA?

You're the one that is stupid. You don't even have licenses to lend in the USA.

Also, why does your file look so bad with the BBB?

And Jeff, for the record, I verify my info. with the right people before I go and open my mouth and post it. So yes, in fact, you have violated the law with your threat of arrest. Whether or not you are the original debtor or third party collector that is illegal. And no, you do not have to abide by the cease and desist letters, but just because you are the original creditor doesn't mean that the law is turning their cheek and letting you run rampant with false threats. One call from one person to the prosecutor is all it takes. And some states allow the other party to record calls without your consent, so before you go making those threatening phone calls, you better ask yourself, "Is this person secretly taping me and my false threats?"

Also Jeff, tell Tim(if that's his real name) at Cashnet500 to get a life :evil:

It seems to me that the gentleman has already paid his bill in fact in triplicat! What you don't seem to comprehend is the fact that none of us here want to get out of paying WHAT IS FAIR UNDER THE LAWS OF THE STATE THAT WE LIVE IN! Loan sharking is against the law! And you are guilty of that. Legal term USURY. AND FOR YOUR PROFIT.

"Foster",they will not be paying you a dime!

Tell the same to "Atkins",McFeeters" and shhhhh "Pasqualoan"

CashNet500's BBB Report is so bad because losers, defaulters, and criminals like those of you on this site, give us bad reports, and we do not feel the need to respond to pieces of trash.

We are licensed to loan in Delaware, Utah, and Nevada.

Tim Atkins does not exist. He is just the name that one of our collection offices' uses.

Guest.....soooooo why ya responding????

Guest--



Quote:

NAME DELETED - SUEBEE has defaulted in his loan. That he paid 9 rollovers is not my problem.

Jeff--
Then why do you give loans in states that you are not licensed? you are supposed to follow the laws of the state that the consumer resides in.SUCH AS NO ROLLOVERS ALLOWED :evil:

Jeff, another law you violated, you released private information regarding a debtor in public. Uh, another law violated.

BIG DEAL! Three states out of fifty!That is really not much to brag about. Obviously The other 47 states don't like your business ethics.

you are out of your element brownsugar.

we dont have to be licensed in a state to do business there.

the laws of delaware apply to the loan. not the laws of the other person's state.

Why don't you answer my question about the laws?? If a consumers state had pdl prohibited, you aren't supposed to lend to them b/c by law, you have to follow the laws of the consumer :x

This is just another desperate attempt to collect the illegal fees.

Hey Mr. Foster..

YOU are out of YOUR element. Someday..You won't have a job.

"Foster",seeing that you will not be around long may I have your points????

Nat - he can't answer the question. He is an accountant not a lawyer and he is out of his element here. We are all well versed in the laws of our states because we have been burned by companies like his. I will bet that his company does not even know that he is on here tonight. You can tell that he is geting a bit rattled by his brilliant responses and lack of knowlege regarding the laws. That is why he is becoming redundant.

:lol:

We only have to follow Delaware laws, i'm a loser. Get it through your smart brains.

I use to work for a payday loan parent company that was based in Malta. We had all of like 5 American employees all housed out of an office in Philly that was basically the last collection stop before the accounts were sold.

We operated under Maltese law, not American law yet 99.999 percent of our clients were American. Unfortunately, we got run out of Malta.


*Edited by Amy for your enjoyment

By law, you are REQUIRED to follow the laws of the state of the consumer. Therefore, if a state PROHIBITS pdl's, you can't lend to them. We all know our states laws like the back of our hands :P

Re-read his post

How am I out of my element Jeff? You are just mad b/c all of us are very educated with the payday lending laws in our states when it comes to dealing with loan sharks like you.

For the record, if you were to call me demanding some off the wall s***, you would meet dial tone real quick and my mom is good friends with the prosecutor in my city, and best believe he would contact your office without hesitating.

Well I wouldn't brag about that! Maybe with any luck and the help of the federal govenment you will get run out of the Us also. You had better read up on your law or else maybe somone is handing you a crock of caca, but in the state of Ohio if you are doing budiness here 1.) you have to be liscensed and 2) you have to follow the law as it is written HERE, not where you are located!

Re-read his last post carefully.

Malta, we all know who that is :evil:

WAY TO GO AMY!!LOL A tip of the majic top hat to you !!

This idiot is a moron. If PDL's are legal then why did I get a Refund from ZipCash. They knew they violated my staes laws and couldn't win. PDL's are illegal in most states and they are not licensed. Hey moron, provide me proof that you are licensed in the State of Texas. I could give a crap if your licensed in Delaware, you have to be licensed in the state that the debtor lives in. Learn the law moron. God, I hope these idiots are shut down. They are blood sucking theives.

So Jeff,
Since Sonic (whoops, I let the cat out of the bag..) has been run out of many states in the US and you can't make collection calls, are you getting your freak on by making collection emails???

I absolutely love when pdl lenders come to the site. THey end up telling info that we aren't suppose to know about.

This is fun!! It's been awhile since we've had a pdl guest..Mr. Foster, I hope we're making you feel at home!

Jeffie (and I don't mean our Jedi) has all these new people to harass!!! Ooohhh... come on baby, come on baby...

I wonder if Jeff is related to Doug - or maybe they're just partners in crime.

Quote:

Probably partners in crime :evil: