My Response from Impact Cash

Date: Fri, 02/06/2009 - 08:54

Submitted by anonymous
on Fri, 02/06/2009 - 08:54

Posts: 202330 Credits: [Donate]

Total Replies: 4

I was wondering how some of you would interpret the response I received from Impact Cash. I have included the emailed conversations between the two of us and wonder if this can be taken as a PIF for my account with them. It is probably easier to start reading at the bottoom of the post and work your way up.

Thanks for taking the time to read! All of the advice has been so helpful!

Ya you shouldn't be receiving calls anymore I'm going to temporarily out your the phone number for your work place and if you receive any emails or anything like that after I send this let me know.

Thank you

Nicole
(800) 707-0102 ext. 4638
Impact Cash
[email]rep4638@impactpayments.com[/email]

-------- Original Message --------
Subject: Re: Impact
To: Nicole Hepworth

Nicole,

Payment arrangements were made after I had received an excessive number of phone calls and emails from multiple representatives of Impact Cash. On average I received two calls and two emails daily. After the continued harrassment at the workplace, I took the initiative to learn what rights I have as a consumer.

The state of Illinois does have laws and regulations regarding payday loans. This information can be found in the Illinois State Constitution. Article 2, sec.2-5 of the Payday Loan Reform Act states "No lender may charge more than $15.50 per $100 loaned on any payday loan over the term of the loan."

The Illinois' Attorney General's Office and FTC also support this information regarding payday loans and collection practices.

Again, I am requesting that my account be settled with the ammount that has been paid thus far as it is beyond the amount that is actually legally owed.

Thank you,
--------------------------------------------------------------------------------
From: Nicole Hepworth
Sent: Friday, February 6, 2009 8:34:48 AM
Subject: RE: Impact

I have blocked the following number ###-###-#### we are an online loan company we also don't check our customers credit. Your state currently does not have any laws about payday loans. I'm however going to assist you as best as I can. Because you agreed to the following payment arrangements on 1/13/09:
2/09 , 2/23, 3/9 for $142.5

-------- Original Message --------
Subject: Re: Impact
To: Nicole Hepworth

Hi Nicole,

I am hoping you can assist with getting some matters settled with Impact Cash.

I have been receiving 4-5 calls a week for months now at my place of employment. Sometimes the caller ask for me and other times they ask for a gentlemen name Jose. I've asked on each call that my number be removed but yet the calls continue. These calls have now put my job in jeopordy and must stop.

Also, it is my understanding that I have paid $457.50 on a $350 loan yet still have an outstanding balance. Under state law, pay day loans are subject to a maximum of $15.50 in interest/fees per $100. With my calculations, the maximum amount due for a $350 loan should be $404.25.

Will you please advise as to the remaining principal balance Impact Cash claims is due. After my research, it seems as though my account should be paid in full and all communications between the company and myself should cease.

Thank you,[size=2][/size]

hi Chicago, It doesn't sound like a PIF, all it sounds like i

hi Chicago,

It doesn't sound like a PIF, all it sounds like is that you shouldn't be receiving any more calls or email from them. I would resend her an email asking if the account will be marked paid in full and see what she say's

lrhall41

Submitted by dawnlango7 on Fri, 02/06/2009 - 09:01

( Posts: 1147 | Credits: )

I agree. Email her back that you want the account marked paid in

I agree. Email her back that you want the account marked paid in full.

Good Luck!

lrhall41

Submitted by nohiogal on Fri, 02/06/2009 - 09:17

( Posts: 2582 | Credits: )

It sounds to me like she thinks there is an EPP in place judigng

It sounds to me like she thinks there is an EPP in place judigng by the response that quotes 4 payments and the date due. Once you enter into an EPP calls stop unless you default. I would definitely ask for a very clear PIF

lrhall41

Submitted by kfstaff24 on Fri, 02/06/2009 - 09:42

( Posts: 1448 | Credits: )

Thanks, I emailed and her response is below. I have entered int

Thanks, I emailed and her response is below. I have entered into an EPP, but the dollar amount is almost twice the amount of the loan.

No problem, once your last payment goes through on 3/9/09 then your account will be totally cleared.
Thank you

Nicole
(800) 707-0102 ext. 4638
Impact Cash
[email]rep4638@impactpayments.com[/email]

-------- Original Message --------
Subject: Re: Impact
Date: Fri, February 06, 2009 10:25 am
To: Nicole Hepworth

Thank you for your assistance, Nicole. Can you also confirm the status of the account, that it is PIF?

lrhall41

Submitted by on Fri, 02/06/2009 - 10:24

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