well geez, that was easy!! (dms marketing, the loan shop)

Great job prettyinpink, thanks for coming in and sharing that information with us. Hope the forum was helpful to you.

Congrats! Make sure you get something from them in writing stating that the loan is paid in full, so you don't ever have to worry with them again.

I'm a bit confused . . . . Did you go into this loan planning on doing this? Because if you hadn't even had the loan for long enough to make 1 payment, then things sound kind of fishy to me . . . . .

DMS will be one of the first one's to work with you, especially if you file your complaint with the AG, they settled ASAP with me once the AGs office contacted them by phone.

pretty in pink, Congradulations!!!! Nothing sounds fishy to me. I am glad you nailed their butt to the wall. Pay back the principal and let it be. Do make sure you have something in writing. These companies need to realize this type of interest is PREDATORY!!! Best Wishes KYSIDE38

I don't see anything fishy either. A consumer has discovered their rights and the laws. And this company knows it, that is why they are settling for the principal. NOTHING WRONG WITH THAT! Congratulations

I agree with Steelers and KYSIDE, it doesn't seem fishy to me either. It's a consumer who took the time to educate herself on the laws in her state. It sounds like she is paying back what she is legally obligated to and that's what it supposed to be. Congrats to you :-)

I agree with you Mishele. I think it is a good thing this person realized their rights before that first transaction occurred, she discovered useful information for her situation and is being pro-active before she suffers a financial nightmare.

I have a similar situation -- I paid off a first loan with a company, but I paid it off quickly only overpaying about $50. And then I took out a second loan with the same company, and I closed my account because of OTHER loans, and this company is willing to settle just for the principle amount. I don't think it's fishy, it's just a way of getting out from under some debt -- that and these companies are making thousands and thousands of dollars off people who don't know about how these companies work!

I don't see anything fishy, prettyinpink educated herself and did what she had to do

I just meant that if she could pay off the principle amount right away, why close the account? Why not just pay off the loan? If I had the full amount legally due I would've just sent it in and been done with it.

Everybody does things differently and according to what best suits their situation(s).

Does anyone have the phone number for DMS Marketing, please send it to me.... email address removed per forum rules - Goudah

Seems fishy that so many people only become concerned about what state laws say AFTER they get the loan and spend the money. Guess I was just raised different.