cannr help

11/19/2007

SSM LLC.

1-866-463-2130


1-877-282-5450

This letter is in response to the calls that I keep receiving at home and at work. I have already faxed and emailed a stop and desist letter to your company, I demand that these calls stop, if you do not follow these laws then you can be fined. Attached to this letter is the original letter that was sent to your company three times already.

Regards,

After doing research on internet payday loan laws in the state of Washington D.C, I have found that your internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the state of Washington D.C in general:



D.C. State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
D.C. Code Ann. § 26-301 et seq.

Loan Terms:
Maximum Loan Amount: $1000
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 10% of face amount + fee of $5: $0- $250; $10: $251-$500; $15: $501- $750; $20:$751-$1000
Finance Charge for 14-day $100 loan: $16.10
APR for 14-day $100 loan: 419%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Not Specified
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: D.C. Department of Insurance, Securities and Banking
Address: 810 First Street, NE, Suite 701 Washington DC 20002
Phone: (202) 727- 8000
Fax: (202) 535-1197
Regulatory Contact: Howard Amer,, Director, Banking Bureau
Regulator Website
http://disb.dc.gov/disr/site/default.asp




I have contacted the Washington D.C Office of Financial Institutions and the Washington D.C State Attorney General’s Office regarding your internet payday loans and was informed they are indeed illegal in Washington D.C and was advised to pay what is due according to principle amount only of the loan.

I am willing to pay the principle amount of the loan only, as advised by my Department of Financial Institutions and my state Attorney General's office. Amount Borrowed 200.00 Fees Paid 240.00 Amounts Due to You 0.00 Amounts Due to Me 40.00 or Letter Paid In FULL.

I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my state Attorney General's Office.

I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan. Once I inform you of this, you must stop the telephone contact immediately or you will be once again breaking the laws of the state of Washington D.C.

You are also hereby notified that I am revoking any voluntary wage assignment I may or may not have signed. I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes.

I am revoking your right to debit my checking account any longer. You, your company, or your affiliates are not authorized to debit my checking account at all. Please be aware that I have informed my financial institution of this situation and they will also be receiving a copy of this correspondence. Any further attempts at debiting my account will be rejected by my financial institution.

I must also inform you that I have filed complaints with the Better Business Bureau, the Federal Trade Commission, and my state Attorney General's Office.

I expect a response from your company no later than 11/29/2007, regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.

Please respond by 11/29/2007, regarding this matter by US Postal mail or by email only.

I sent your information to the lender on 11/21/07. I am waiting for a response from them. I am also forwarding your loan packet to you and please refer to the Governing law on your loan note and disclosure that you agreed to . You also faxed us a pay stub at the time of your loan request which let's the lender know that you went above and beyond to get a loan which you agreed to the terms. I should hear back from them no later than this afternoon. Today is the 3rd business day since your request.