Proposal letter for settlement
Date: Sat, 05/31/2008 - 13:41
Submitted by everythingbagel1
on
Sat, 05/31/2008 - 13:41
Total Replies: 11
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VERSION I: Lender not licensed and they owe me money.
Dear Payday Loan Lender,
This letter is a proposal for settlement of my payday loan account with “paydayloan companyâ€Â. My loan number is 00000000. Please note the following:
i) I am working with a financial counselor to settle this matter.
ii) I am aware that your company is not licensed to make loans in the United States.
iii) I am aware that my legal obligation is to pay off the principal on my original loan and nothing more.
As I have paid your company $zzz.zz and the original loan amount is for $yyy.yy, your company legally owes me the difference; zzz.zz-yyy.yy = $ppp.pp.
Here is my proposal to settle this matter: Mail a check, made out in my name, to my address, in the amount $ppp.pp. Please include a statement indicating that I have paid my loan in full.
I request that you deal with me through US Mail and e-mail only. If any representative of your company calls my place of employment or contacts, I will follow up with a lawsuit as that is harassment. Bear in mind that your loan is illegal.
Sincerely,
Screwed-no-Longer
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VERSION II: Lender not licensed and I owe them money.
Dear Payday Loan Lender,
This letter is a proposal for settlement of my payday loan account with “paydayloan companyâ€Â. My loan number is 00000000. Please note the following:
i) I am working with a financial counselor to settle this matter.
ii) I am aware that your company is not licensed to make loans in the United States.
iii) I am aware that my legal obligation is to pay off the principal on my original loan and nothing more.
As I have paid your company $zzz.zz and the original loan amount is for $yyy.yy. Therefore my obligation to you is the difference; yyy.yy-zzz.zz = $ppp.pp.
Here is my proposal to settle this matter: I will pay the balance in X installments, in the following amounts, and on the following dates:
PAYMENT 1
PAYMENT 2
.
.
.
PAYMENT X
I request that you deal with me through US Mail and e-mail only. If any representative of your company calls my place of employment or contacts, I will follow up with a lawsuit as that is harassment. Bear in mind that your loan is illegal.
Sincerely,
Screwed-no-Longer
Sounds good to me, but DO make sure you intend to follow through
Sounds good to me, but DO make sure you intend to follow through with suing them, never make empty threats, as they will recognize whether or not you have legal grounds to sue them, and if they aren't even in the U.S., they will also recognize you can't touch them. Just sayin'. :D
I have to second that - DO NOT make threats that you do not inte
I have to second that - DO NOT make threats that you do not intend to follow up on. Especially if you are not entirely sure the company is operating illegally. To make a threat like that to a licensed company will get you into huge trouble.
I like your letter. I agree with the others do not threaten to s
I like your letter. I agree with the others do not threaten to sue unless you mean it and they are in the USA.
How does one determine or "prove" that a loan is illegal?
How does one determine or "prove" that a loan is illegal?
OK, I found this list: http://www.dbr.ri.gov/documents/divisi
OK, I found this list:
http://www.dbr.ri.gov/documents/divisions/banking/program_operations/List_of_Licensees.pdf
If a lender is not on this list, are they illegal?
Thanks in advance!
Quote:How does one determine or "prove" that a loan is illegal?
Quote:
How does one determine or "prove" that a loan is illegal? |
What state are you in again? Sorry, I have a very short memory. :D
looking for information
can anyone help me please!
I am needing address's for
Nationwide cash- online pdl
Sagomore- BB processing online pdl
dess: Quote:can anyone help me please! I am needing address's
dess:
Quote:
can anyone help me please! I am needing address's for Nationwide cash- online pdl Sagomore- BB processing online pdl |
I'll do some checking for you dess, but if you put the name of the company which you are searching addresses for in the search box, in the upper right hand corner of this forum, you will come up with a list of posts made by other posters, if you read through some of them the chances are you will find an address. :D
dess, here is one address for you. :D Nationwide Cash 314 No
dess, here is one address for you. :D
Nationwide Cash
314 North Riverside Drive
Espanola, NM 87532
And the other:
Sagamore
7400 College Blvd. Ste 360
Overland Park, Kansas 66210