PDL in AZ, part 2
Date: Thu, 04/08/2010 - 11:45
I've contacted CashNetUsa, Speedy Cash, Cash Central and Idealgelt to let them know the account was closed and I would need their address to send my full payment to. Since these lenders are "legal", am I sending them the borrowed amount, plus the applied interest or just the principle?
For example. I took a $500 loan from Cashnetusa and the interest made it $588.25. They sent me this email this morning:
"Dear xxxxxx,
Thank you for contacting us to inquire about how you can pay off your balance.
The payment plan we can offer is below.
04/20-$613.25
To confirm your agreement to this payment plan, please reply to this email
stating that the terms are acceptable. You must include the original email with
the terms to which you are agreeing in your response and specify your payment
method.
PAYMENT METHOD
- MoneyGram
Collection procedures will continue until an acceptable payment arrangement has been made.
If you have any questions or concerns, our collections team is available seven
days a week via phone and email.
CashNetUSA Collections Department(888)801-9078 Direct Line(866)350-0110 Fax
www.cashnetusa.com
Mon-Fri: 7am to 11pm CST
Sat-Sun: 8am to 8pm CST
Shauntavia K"
Am I now to pay the $613.25? Cashcentral has also added fees on. I know that I am definitely responsible for the principle and feel like I should pay the interest I agreed on, provided it doesn't exceed the AZ state law limit. Suggestions?
P.S. I can't tell you how grateful I am that I stumbled onto this site, your assistance has been invaluable!!!
I would copy and paste the AZ payday loan laws with the interest
I would copy and paste the AZ payday loan laws with the interest limit and tell them you are following your payday loan laws, however, I am wondering if they are adding late charges. You could try to negotiate with them, reply and tell them you can pay a reduced amount and ask if they will accept.
They are also allowed to add an NSF charge when the debit you au
They are also allowed to add an NSF charge when the debit you authorized bounced. That's where the extra $25 came from.
Quote:Originally Posted by AnonymousThey are also allowed to add
Quote:
Originally Posted by Anonymous They are also allowed to add an NSF charge when the debit you authorized bounced. That's where the extra $25 came from. |
Gotcha, thanks!
Ok, knew it was too quiet around here. Cashnet is not waiving th
Ok, knew it was too quiet around here. Cashnet is not waiving the fee, so I'm paying the $613.25. Oh well, it was worth a shot. However, I had sent Oneclickcash the C&D letter over a week ago and not heard a word. My principle with them was $350 and I had repayed $405. Today I got this email:
"One Click Cash Recovery Department now holds account #6xxxxxxx which is in a collection status. According to our records, your outstanding balance is $570.00. (If you have recently resolved this account over the phone, please disregard this message.)
Most likely this loan was used to help with unplanned expenses. Keep this quick and convenient option available the next time something unexpected happens. Immediate action is required to avoid impacting your future borrowing options. We value you as a customer and would like to help you take care of this for less than you owe.
To accomplish this, we are providing you:
A private and totally secure website for making an offer on this account for less than you owe.
The convenience of making your payment(s) online.
The pleasure of clearing your account without ever talking to a collector.
Flexibility to schedule a payment today and not pay anything for up to 14 days.
It is quick and easy:
Grab your debit card and click on this link to log on to the website recovery.oneclickcash.com. (We also accept online checks)
Enter your account number and last 4 digits of your social security number.
Through a few simple steps you can verify your account information, and tell us what and when you can pay to settle this account.
When your offer is accepted, and you make the required payment(s) YOU WILL OWE NOTHING MORE ON THIS ACCOUNT.
Please log on now to recovery.oneclickcash.com. This special offer is good only for a limited time.
Should you have any questions concerning this account please feel free to contact us TOLL FREE at 1-800-410-9419.
Thanks for being our customer,
One Click Cash Department
[email]Recovery@oneclickcash.com[/email] "
What would be an appropriate response to this? Should I just re-send the C&D letter and add that I am demanding a PIF? How would be the best way to word that?
I can't tell you how many times I have read this same letters, p
I can't tell you how many times I have read this same letters, posted by others. They are so full of crap it isn't funny! Ha!
I would just resend the C&D letter, repeatedly, and I DO mean over and over and over again, they will soon get the message. Don't speak to them on the phone if they call, hang up immediately! Only correspond via email. You will soon receive another email stating you signed an agreement that will say something about their governing law, blah blah blah.
Yup, just got the first phone call. I answered because I didn't
Yup, just got the first phone call. I answered because I didn't know who it was. Told them they were not to contact me via phone, only through email or mail and my account was PIF. Then hung up. Will wait to see what happens next. I did file a complaint w/BBB that was forwarded to Omaha BBB.
This is the response to the complaint I filed that the BBB recei
This is the response to the complaint I filed that the BBB received from OCC:
To Whom It May Concern:
We recognize this complaint as a response to a template of a form letter circulating the Internet. This customer has sent us several copies of this form letter over the past few days!
This form letter is full of mis-leading and inaccurate information. Unless this customer has a specific complaint regarding the handling of their account, we do not believe a response is warranted. Thank you for your consideration in this matter