Need Help with VC Funding

sb, if this is indeed an unlicensed/illegal pdl, you are done with them. And they owe you $100. They now state that you owe another $510. In their dreams. All the pdls claim the "we go by our state law, not yours" speech. Not true. Yes, you did apply via the internet; however, tough cookies for them. You go by your state law. And, she sent you your loan documents. Big deal. You can go to the site where you applied for the loan and print them out yourself. You do not owe them $510. You need to send these guys a letter stating your state law, that your loan was for $300, that you paid $400, and you want a refund of $100. You need to tell them that they are no longer authorized to debit any bank account that you may have. You need to tell them to only communicate via email or USPS - no telephone calls. And if they do call, do not take the calls. You want everything in writing. You will need to file complaints with the BBB, the FTC, and your state AG regarding this company. And I know you blocked them from your bank account; however, I would consider switching bank accounts. There is no telling what they might do. They might try to debit under another d/b/a to get money. You just never know with them. They are full of it. You have paid them, overpaid them, you are done. Another $510? Give me a break. If you have any questions, please post. :wink:

Cannr,
Doesn't it matter what state she lives in? Or is VC Funding completely illegal?

From what I understand (and someone correct me if I am wrong)Illinois is not one of those states that is like PA. And also from past posts VC Funding was found to be unlicensed/illegal. Also VC Funding uses different d/b/a's. And, in my eyes, and I could be wrong, any company stating that this person owes $510 more on a $300 loan that they already paid $400 on can't be abiding by the law. That would mean this person would pay $810 on a $300 loan. That's a hell of a lot of finance fees!

Thanks Cannr. Just wasn't sure if Illinois was like Pa or Delaware. Appreciate you clarifying it for me.

Oh, if I'm incorrect, someone will come along and correct me! Or clarify it further! :D