zipcash what do i do

I sent the template from pollys blog, informing them of how much i have paid and mark paid in full and this is what was sent to me.
We are responding to your communications with Zipcash – SFT, LLC
(“Zipcash”)

regarding your loan, which has a current balance of $390.00. We
consider

this to be a valid debt. Zipcash takes its obligations to comply with
all

applicable laws very seriously and expends significant resources to
ensure
this.

Zipcash makes short term consumer loans pursuant to licensure and
regulation

by the State of New Mexico. Zipcash does not maintain a business
location
in

Alabama.

Zipcash does NOT SOLICIT customers in Alabama. On advice of counsel,

Zipcash maintains that the choice of New Mexico law as controlling in
the

loan documents would be upheld, as all significant contacts in the loan

transaction occur within New Mexico.

Despite our position stated above, in the interest of resolving this
matter

without escalation and further expense, we are willing to consider your
account

paid once you have complied with the terms of the settlement offer
below.

Settlement Offer

Zipcash is making a one time limited offer to release you from the

outstanding balance of your loan ($390) as well as any uncollected fees

owed. Zipcash will do so only upon receipt of the enclosed signed

Confidential Mutual Release Agreement. Please fax the signed release

to our Customer Service Department at (866)922-7401.

******PLEASE SEND US THE SIGNED RELEASE NO LATER THAN JUNE 28, 2007.
IF WE
HAVE NOT RECEIVED THE SIGNED RELEASE BY JUNE 28, 2007, THIS SETTLEMENT
OFFER
WILL BE AUTOMATICALLY REVOKED AND WE WILL CONTINUE TO HANDLE YOUR
ACCOUNT
PURSUANT TO YOUR LOAN AGREEMENT.******

PLEASE KEEP IN MIND THAT THE EXISTENCE AND TERMS OF THIS SETTLEMENT
OFFER AS
WELL AS THE ENCLOSED CONFIDENTIAL MUTUAL RELEASE AGREEMENT
("AGREEMENT") ARE
TO BE KEPT IN THE STRICTNESS OF CONFIDENCE AND YOU MUST NOT DISCLOSE
THE
EXISTENCE OR ANY OF THE TERMS OF THIS SETTLEMENT OFFER OR THE AGREEMENT
TO
ANY THIRD PARTY OTHER THAN TO YOUR PERSONAL ATTORNEYS OR ACCOUNTANTS.
FURTHER UNDERSTAND THAT THE AGREEMENT PROVIDES THAT, IN THE EVENT OF
ANY
DISCLOSURE INCONSISTENT WITH THE TERMS OF THE AGREEMENT, ZIPCASH WILL
BE
ENTITLED TO RECEIVE FROM YOU AT LEAST $10,000 IN LIQUIDATED DAMAGES.



Sincerely,



Zipcash - SFT, LLC