Need Help - Eastside lenders/ SMith, Haynes, & Watson, LLC.
Date: Tue, 03/10/2009 - 08:03
I took out two loans with Eastside lenders. One was for $300 and I paid $975 on it, done - PIF. The 2nd one was for $600 and I paid $540 before I found out they were illegal. I notified them of the ACH revocation, but they continue to try and withdraw $. I told them I wasn't paying the remaining $60 on this latest loan as I had overpaid $675 on the prior illegal loan.
They are claiming the whole Deleware license crap, but according to Arizona they don't have an AZ license.
I know I need to send a debt verification letter to the collection agency, but my main question is, do I send the collection agency a copy of the ACH revocation letter explaining that Eastside Lenders is illegal in Arizona, etc. Or just use the basic form?
I have never sent out a debt verification letter before and just want to make sure I do everything right.
Oh yeah, the collection letter states that they are asking for $1,343.30
If I were you I would send SHW a DV letter and a C & D letter.
If I were you I would send SHW a DV letter and a C & D letter. If they are a legal licensed CA they should abide by your request. I would include that ESL is unlicensed to lend to Arizona residents.
Where should I put that Eastside Lenders is illegal? On the C&D
Where should I put that Eastside Lenders is illegal? On the C&D or Debt Validation or both?
i would personally put it wherever i can :) i did that with my l
i would personally put it wherever i can :) i did that with my loans, i kept mentioning they are illegal. most places will deny it but if you are 100% sure they are not legal, than do not let them threaten you or scare you.
I put mine on the C&D letter. but I dont think it would hurt to
I put mine on the C&D letter. but I dont think it would hurt to put it on both if thats what you want to do. You may also want to ask them to provide you with ESL's License# to lend to AZ residents. Also, refer them to the AZ Department of Financial Institutions for verification that AZ requires internet based lenders to be licensed in our state.