Monies paid letter?

being as these places are illegal they will stick to whatever stance they have.i would just keep re-sending your letters.if you didn't include a copy of your states pdl laws do it.just keep repeating the process.they will keep repeating there stupid stance.you repeat yours.they will cave.

Sorry- I did'nt see which pdl companies you are referring to, but be sure they are illegal and not installment loans etc. If they are they don't have to apply payments to the principal first.

Well, here I got a call and this email from Avantis Financial... Not the name (I am not Mr. Clifton)... I have looked back through all of my bank records and I have paid them $720 on a $500 loan...



"Dear Mr. Clifton;

This letter is in response to the correspondence received on 8/10/09.

Directly responding to your concerns, Avantis Financial is confident that it has not violated any Florida statute or loan limitations. All loan applications, credit checks and loan approvals are conducted within the state of South Dakota, where Avantis Financial is a registered limited liability company and maintains a Money Lending License through the South Dakota Department of Commerce & Regulation. As you read on the documents you signed, there are clear and conspicuous disclosures made on both the Avantis Financial website, and also within the Note and Disclosure Agreement stating that all transactions are conducted in the state of South Dakota, and that South Dakota law applies to all matters therein. You agreed to these provisions in order to receive a loan from us.

Avantis Financial does not operate a store or business in the state of Florida, nor is any employee of Avantis physically present in the state of Florida. All transactions are conducted under the laws of the state of South Dakota as so stated in our contracts. Our contracts are drafted in the state of South Dakota, accepted in the state of South Dakota and are executed in the state of South Dakota. Under the general principals of conflicts of law, our contract and business is deemed to be conducted in the state of South Dakota.

You have taken three separate loans with Avantis Financial. You included details below that are incorrect. The first two loans you took from Avantis Financial were paid in full. The third loan was extended to you and we have only received $110 in credit card payments towards the $500 principle balance.

In an effort to settle this amicably, we would accept a payment of $390 to satisfy the current loan you have with us. This offer is valid until 9/1/09. If we do not receive payment by then, we will continue attempts to collect on the full balance (fees and principle) that is due on your account.



Sincerely,



Steve Holtz
Director of Operations
Avantis Financial, LLC
605.444.8012
[email]sholtz@ffscllc.com[/email]"

390.00 plus 110.00 is 500.00. Isnt that what you borrowed. They will settle for the principle

If you go back and read the begining of the message, you'll notice there that I wrote that my bank records show my paying them $720 on a $500 loan... it was actually increments of $200, $160, $250, $60 and $50... that's $720. Thanks though Guest...

As long as you have the bank records on the payments, dont give them another dime!!!!! Also report them to your AG...and let them know you did!!

sorry i read it too fast

No problem :)

good luck, keep us posted :)