QLoot/VIP Cash

I don't know about payday loans being illegal in VA. I know it comes up for a vote every year and gets killed in committee. It's been a while since I've been down there but I recall seeing payday loan stores on every corner in Norfolk and Newport News. Having said that, I am pretty sure that VIP Cash isn't licensed in your state. Is that what you mean?

are these people licensed in the state of Iowa. They keep changing what is owed on loan. paying almost 1000 dollars for a 300 dollar loan is highway robbery

Payday loans are legal in VA but they must be licensed in the state and I do not find any license for VIP or QLoot.

Here is another thread about a VIP loan in Virginia.

I think you need to send them a letter stating they are illegal and that you have paid the principle amount. You can also demand a refund of the overpayment.

You will need to block them at your bank first or close the account. Make sure your account is secure before you send them the letter.

Here is an example of the letter. You will need to change it for your information and the state law that states they have to be licensed in Virgnia.

[quote]Date:

Name Of PDL

Your Name
City, State
Account #


After doing research regarding Internet payday loan laws in the State of _______, 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 _____ in general:

Your State Information
[Paste state law here]

I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, 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 have notified my employer about this matter so any attempts to do so on your part will be rejected.

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 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.

Due to the fact that Internet payday loans must be licensed in the state of ____ to be a legal and binding contract, your company should NOT issue loans to ____ residents at all. I am requesting that you send me your license number which enables you to offer loans to ____ residents.

The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments.

I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the ____ Attorney General's Office.

I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.

Sincerely,

Your Name
CC:
Better Business Bureau
Ohio Attorney General
Federal Trade Commission[/quote]

You can email, fax or send it certified USPS or all three. I only emailed mine.

Guest - They are also illegal in Iowa as they have no license there either.

VIP rep still calling me. I am wary of talking to any of these people by phone, and have asked that they contact me in writing, though they still haven't done so. I am in California, and they are not licensed to do business in CA. Should I take calls?

If you sent them a letter stating to only contact you via an email or USPS then no. All they want to do is harrass and threaten you so why bother with their abuse.

If it is the Original Creditor calling they have the right to continue the collection process to collect on the debt. The C&D letters only apply to third party collectors. If they are calling your place of business repeatedly the best you can do is ask them to only contact you on your home phone after a certain hour. It is a long shot, but it is worth a try. If those clowns still persist then ignore the calls untill they give up in their efforts.

So in other words, you are a thief? Think its fine to borrow from companies and then play the "Your not legal here..". Ever heard of choice of law? What do you think banks do?