Smith Haines & Watson

I had a laon with Eastside Lenders (ESL) that went to Smith Haynes and Waston (SHW) It was my understanding that SHW was a law firm only to find out they are a collection agency. ESL and SHW are both playing games with my final payment. My bank sent a check to ESL so my account willbe PIF. The checks have been with ESL for 35 days and still not cashed. Each company says the other owns the loan. I have nothing to worry about, the bank says I made a good attempt to pay my debt and ESL is wrong.

Also, you may want to contact your state's AG to find out the legality of PDLs. In Ohioout of state internet PDLs are illegal. ESL is licensed in Deleware, I was only liable for the principal, no fees!

If they are not licensed by the state then they are certainly acting beyond their authority and need to be reported to the right department.

As far as I know, they are not licensed nor bonded as collection agency. I will report them next week, as I'm leaving early today because I'm sick. I would send the payment to Eastside, but I don't want them to sit on it, nor do I want to give them my account information. I'll just wait them out. I don't have time for this cat-and-mouse game.

Haven't received answer to my request for validation as of today. So I guess I'm okay. They did send letter stating I owed on one loan and over $1000 on another. Wrong..... we agreed on $350 and the other loan was paid off. I sent them copies of everything and asked for "clarification". As far as I'm concerned, the ball is in their court.:mad:

I contacted ESL and asked when are going to cash the bank checks I sent them, they stated the account is with Smith Hyanes. Smith Haynes won't cash my payment because it is in the name of ESL. So, I am letting this continue as they are and in another 60 days if the checks are not cashed my bank will cancel them and refund my money. I have done everything possible to pay this debt and I got nowhere. In speaking with the BBB, I was advised not to waste anymore of my time because I did everything I could to remedy this situtation. So, goodbye ESL and SHW, have a good life.

I am still confused why they are delaying the process of collecting money if customer is ready to pay the money.but I must admit that they are trying to cash in more profits by delaying the process,but hardly any positive outcome will come from this incidence for them.

I don't know why ESL is sitting on the checks. They have had they checks the beginning of October. If they don't want to cash them, thats fine. I will eventually get my money back. From what I have been told, I have done everything right. I gave ESL the money I owed them, if they don't want it, thats their problem.

Hopefully, they will keep sitting on your payment and your bank can cancel. You have all your backup I presume should they contact you again. You tried...... I'm done with Smith/Watson. They haven't responded; I made an offer. Now I'm involved with settling my credit card accounts (and very well) so they can buzz off. I have my paper trail showing I tried to settle with them. I've been home sick since Friday, and I"m not in the mood for these clowns.

On a good note settled with Bank of America yesterday :D

You negotiated with them in good faith. I wouldn't worry. What's the worse an illegal pdl company can do to you? If anything.......