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Cease & Desist in regards to pdl

Date: Thu, 11/20/2008 - 14:13

Submitted by anonymous
on Thu, 11/20/2008 - 14:13

Posts: 202330 Credits: [Donate]

Total Replies: 13


i was just woundering if c&d letter are even effective against pdl. my main concern is on 2 internet loans i have, paychecktoday and cashadvancenetwork. from what i have read mailing them a c&d does no good. There is no garantee you even have the right address. i have formatted a c&d email and need to know if anyone else has tried this and if it was effective? I'm debating rather or not to send it. I have a feeling if i do send it it will just add fuel to the fire and give them that much more reason to call me at work and my refrences...etc. I know you should send them via certified mail, but when searching the address for the 2 companies i get some small town in oklahoma and the poeple who are calling me are calling from the east coast. I'm not sure what to do about this situation. i need some advice. thanks.


The Oklahoma address is the correct address for them both--unfortunately they're both part of MTE financial services and they're not going to stop harassing you without a fight. I have used sent an ACH Revocation letter to them and it has been effective. However, they haven't been willing to acknowledge overpayment and still insist I owe the principal amount. The C&D letter is a smart move for a more basic reason: Once you send it and they fail to comply, they're breaking a whole new set of laws with civil penalties attached.


lrhall41

Submitted by sjj104 on Thu, 11/20/2008 - 14:25

( Posts: 85 | Credits: )


Yes, they immediately sent me to a Collection Agency who I filed complaints against asap. They have since closed my account. The whole process took about two weeks from initial default. They are not legal so they used a CA not licensed to collect in my state. They placed my account with ARM of Florida and the Florida BBB contacted them and they wrote back saying the account was closed. I live in AZ.


lrhall41

Submitted by kfstaff24 on Thu, 11/20/2008 - 15:57

( Posts: 1448 | Credits: )


and what email addy did you send it to? was it the customercare@paychecktoday, or did you send it to a specific email addy? i have this manbeast in collections breathing down my neck. i am just afraid if i send it to her she will blow up my work phone just to despite me.


lrhall41

Submitted by on Thu, 11/20/2008 - 16:06

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Go to the WV Attorney Generals website. This company was brought down. Biggest payday loan victory on record. Dont pay the scumbags they are illegal.


lrhall41

Submitted by on Thu, 11/20/2008 - 20:28

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Quote:

FOR IMMEDIATE RELEASE

Contact: Normal Googel
Phone: (800) 368-8808


Release Date: October 8, 2008
Attorney General McGraw Sues California-based Internet Lender for "Sham" to Avoid State Regulations In Predatory Loans


Attorney General Darrell McGraw saw the irony, but not the humor, in CashCall????????s national ads featuring one-time child star, Gary Coleman, of the popular television show, "Diff????????rent Strokes," exclaiming enthusiastically, "I love you CashCall" and "CashCall you????????re awesome."

Today, McGraw????????s office sued the California-based Internet lender for pushing predatory loans with interest rates of up to 99% apr on West Virginia consumers least able to afford them. When consumers inevitably defaulted, CashCall unleashed a barrage of 1 and harassment, including threats to visit consumers at their place of employment and charge them fees for the trip according to numerous complaints filed with the Attorney General.

"CashCall created a business model intended to fly under the protective radar of West Virginia laws that set limits on interest rates to protect consumers from financial calamity. It is these kinds of unregulated lending practices that have brought West Virginia consumers and the nation to a financial precipice. Today, my office has drawn a line in the sand in an effort to fill the void left by lax or non-existent federal regulation to protect our consumers from financial predators," Attorney General McGraw said.

The complaint filed by McGraw????????s office today alleges that CashCall solicited consumers to take out high interest loans from Community State Bank, a state-chartered bank in Millbank, South Dakota. CashCall contends that because the bank is located in South Dakota, West Virginia????????s usury laws do not apply. Despite the paperwork listing the bank as the lender, CashCall does all the heavy lifting and, in fact, appears to assume the actual risk of the loans, which CashCall repurchases in full from the bank three days after the loans are funded.

In addition to asking the court to find that CashCall????????s loans are illegal and to provide all aggrieved consumers with restitution, the suit asks that CashCall comply with the Attorney General????????s investigative subpoena. In response to the Attorney General????????s investigation, CashCall asserted that its business practices are exclusively regulated by federal law. CashCall also argued that the Attorney General is prohibited from even investigating the facts underlying CashCall????????s assertion that it is beyond state regulation.

Any persons wishing to file a complaint about a consumer matter or to alert the Attorney General about unfair or deceptive practices may do so by calling the Consumer Protection Hot Line, 1-800-368-8808, or by obtaining a complaint form from the consumer web page at www.wvago.gov.


This is Cash Call not Cash Advance Network or Paychecktoday.

I sent all my C&D letters to the Customer Service email addresses. When I was sent to ARM of Florida, I sent them the same C&D letter.


lrhall41

Submitted by kfstaff24 on Fri, 11/21/2008 - 06:07

( Posts: 1448 | Credits: )


Mark from collections called me,I told him i was working with a debt company to pay them,He said they dont take that,He then to me F--k you and he is going to f--k up my account.He was very abusive to me,Any way to get report him,He told me he was the manager and nobody is above him


lrhall41

Submitted by on Fri, 04/24/2009 - 08:26

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Quote:

Mark from collections called me,I told him i was working with a debt company to pay them,He said they dont take that,He then to me F--k you and he is going to f--k up my account.He was very abusive to me,Any way to get report him,He told me he was the manager and nobody is above him


Tell Mark to pound sand. Ensure you have closed your bank account and ignore his uneducated response. He is just mad you took his bonus for the month..LOL :lol:


lrhall41

Submitted by Cool_Abyss on Fri, 04/24/2009 - 08:38

( Posts: 2936 | Credits: )


I received my first call from ARM yesterday for Cash Advance Network & Paycheck Today. She was a very rude so I killed her with kindness...it made her very very mad but she never said anything illegal...she just told me to get a better job or a 2nd job blah blah blah...I just told her to come & meet me in court and the judge could decide if I needed a 2nd job..not her. As she ended the calls she told me " DON"T GET ANYMORE PAYDAY LOANS"...I just laughed. How do you know if they are in FL? She refused to tell me anything & of course, no dunning letter has been received even though she swears it was sent.


lrhall41

Submitted by on Fri, 04/24/2009 - 12:17

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