How to respond to question from PDL?
Date: Sat, 02/28/2009 - 12:53
So, when dealing with an illegal internet PDL company......You get a phone call, e-mail, etc after closing your bank account. Upon explaining to them over the phone that their company is operating illegally and I only owe the amount borrowed, etc, etc, etc....you get the question..."You came to us. So, you basically think it is alright for our company to loan you money and you not pay any interest at all?" How should one resond?
One thought: "Well,if that is a problem for your company then maybe you should stop giving loans to residents of states that you are illegally lending in!"
I would like to have some good responses ready.
One thought: "Well,if that is a problem for your company then maybe you should stop giving loans to residents of states that you are illegally lending in!"
I would like to have some good responses ready.
I would tell them it is the responsibility of the business to un
I would tell them it is the responsibility of the business to understand and follow the laws, or there will be consequences.
That isn't your problem, it's theirs.
Quote:Dear PDL, I can certainly understand that the purpose o
Quote:
Dear PDL, I can certainly understand that the purpose of being in business is to make money, and finance companies make their money by charging interest. However, your business is subject to federal and state regulations pertaining to the making of loans. The purpose of such governmental rule-making is to provide consumer protections to individuals like myself. Yes, a company that follows the law, should be entitled to make a profit. In the same token, a business who respects our legal system and refrains from breaking the law also have a right to fair competition. Notwithstanding, some businesses (such as yours) act in subterfuge to subvert the laws and otherwise disregard our legal system; in doing so, you create a competitive disadvantaged to those companies who do follow the law. To that effect, businesses who feel they are above the law deserve fines & penalties, not profit. Furthermore, your blatant violations of the law should only serve as your attempt to unjustly enrich yourself at my expense. Therefore, you are correct in your assumption. When your company decides to operate within the scope of the law, then I may change my position. |
getting ready, the best way to deal with non-legal loans is to k
getting ready, the best way to deal with non-legal loans is to keep it simple and in writing. the answers above are great but try to limit conversation. i remember when loan point usa kept saying it was legal for them to lend me money and i will be sued within a month. that was back this past summer! they know they are in the wrong.
