Karen Lamb w/ Payday Yes
Date: Tue, 11/20/2007 - 08:08
Please reference your loan contract the Loan Note & Disclosure Statement, the Governing Law section. This is what you agreed to when you signed your loan contract. Governing Law: "Both parties agree that this Note and your account shall be governed by all applicable federal laws and all laws of the jurisdiction in which the LENDER is located, regardless of which state you may reside, and by signing below or by your electronic signature, you consent to the exclusive exercise of regulatory and ad judicatory authority by the jurisdiction in which the Lender is located over all matters related to the Note and your account, forsaking any jurisdiction which either party may claim by virtue of its residency". I am in the position to offer you a loan payoff as listed below. We only accept electronic payments. As of today, your total account balance is $590, loan payoff is for $510, payment arrangements are for three (3) payments $170 due on 11-30, 12-14 and 12-31. To accept this settlement please follow the payment confirmation instructions listed below. Confirmation Instructions: * Payment method is Visa or MasterCard Debit/Credit ($5.00 processing fee). * To CONFIRM call or email me, Karen Lamb at 800-654-7444, ext. 846 with you card information. * You will need your Visa or MasterCard the card#, expiration date and three (3) digit code from back of card * To take advantage of this offer it is very important that you confirm this loan payoff today. This is a loan payoff, meaning once you confirm this payoff by providing your card information, your account will then be removed from the collections process, your balance will be frozen and no further charges will be assessed on the loan balance as long as you follow through with the agreed arrangement. Karen Lamb Advanced Collections Department 1-800-654-7444 Is this correct information or is she just siking me out??? |
oh and the loan was for 350 dollars, what is my best route?
oh and the loan was for 350 dollars, what is my best route?
Sorry, no contract can pick and chose what laws they will follow
Sorry, no contract can pick and chose what laws they will follow. You cannot tell a cop "I've decided to be under the jurisdiction of another country." can you? No. It's your state that has jurisdiction. Federal courts have agreed.
the attachment they sent was no good so this is the reply i sent
the attachment they sent was no good so this is the reply i sent....
The attachment that you sent me does not work, would you please send the correct documents, as I need a copy for my records.
Should I also say that the information that they sent me is incorrect?? I really don't remember what the loan docs said anyway, what if there is something that says that in there?
There was. All these places have the same thing in their contra
There was. All these places have the same thing in their contract. It doesn't matter. They can say that the world is flat in the contract, that doesn't make it true.
I was told today that since I signed the contract, I am under Ne
I was told today that since I signed the contract, I am under Nevis Law. When I explained that I was informed that I was under Illinois law, they said that because I signed the agreement, I must comply with their law. I'm confused myself.
i borrowed 250 and so far to date i paid back 675 and when I cal
i borrowed 250 and so far to date i paid back 675 and when I called them to find out why they are still taking money out, they said that in order for me to be done with the loan, i have to pay in one sum 325. I explained that they got that twice out of me and they said that was all finance charges. None of it went towards the loan. I am going to have to close my account. I'm bumming big time.
Sstacey, No need for confusion. Forget Nevis. You go by the laws
Sstacey, No need for confusion. Forget Nevis. You go by the laws of your state. Plain and simple, YOUR STATE
To reiterate what Goudah is saying here, no contract can pick an
To reiterate what Goudah is saying here, no contract can pick and choose what laws they will follow in terms of jurisdiction.
Please follow you state laws as those laws prevail.
i sent my letter again via certified mail, and attached this let
i sent my letter again via certified mail, and attached this letter to it......
Quote:
To Whom It May Concern: Attached is a copy of letters dated 11/01/07. I have also attached a copy of the confirmation sheet confirming that your company did in fact receive my letters. At the advice of the Washington D.C Attorney General????????s office I will abide by the laws of MY governing state. Attached also is a resolution, one that I think is fair. Since I have prohibited you from calling my place of employment then I will await your response via EMAIL OR GENERAL MAIL. Thank you. |
SStacey -- The State of IL has made it very clear that its laws
SStacey -- The State of IL has made it very clear that its laws apply to any payday loan doing business in the state. I'm going to quote 3 parts of the law:
I have never heard of Nevis before and don't know where in the world it is. But their laws mean absolutely nothing in the US. Since you are a US citizen, your laws have original jurisdiction over anything.
I like jaydanielle's post above.
I just thought of this one... Tell them that in order to help
I just thought of this one...
Tell them that in order to help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires you to report any suspicious activity involving overseas financial transactions. In order to comply, you will need to report them to the U.S. Department of Homeland Security.
For all we know, these foreign PDLs might be funding terrorism???
Payday Loan yes is not overseas though but that was good....
Payday Loan yes is not overseas though
but that was good....
They told me now that they will contact the lender and find out
They told me now that they will contact the lender and find out if the account can be zero out due to the amount paid in. They couldn't make any promises though.
Thats a good one debtcruncher....just took my annual OFAC reg an
Thats a good one debtcruncher....just took my annual OFAC reg and AML refresher courses. Whos to say the overseas pdl's arent using consumer accounts as a layer in money laundering scheme. Just a thought.
Well I found out that Nevis is in the West Indies. How crazy is
Well I found out that Nevis is in the West Indies. How crazy is that. I'm not going down without a fight trust me on that!
Good work Stacey...I need to get research tips form you :lol:
Good work Stacey...I need to get research tips form you :lol:
Thanks Roxy! I just know that these people have lost there mind
Thanks Roxy! I just know that these people have lost there minds. I mean........some of us borrow money for a reason. Mostly because we are down on our luck. Then these companies take advantage of us when we are down and out. Well I'm no longer down! I'm up and I'm swinging.
Great going Stacey. You will win this battle. By the way, I love
Great going Stacey. You will win this battle. By the way, I love yiur avatar. I think I must have seem Phantom 20 times at least.
Keep us posted on what happens. Like I posted earlier, there ar
Keep us posted on what happens. Like I posted earlier, there are quite a few of us dealing with this company. I am sorry they are giving you such a difficult time....but I am thinking you have it covered :wink: