wagesfast.com
Date: Wed, 07/07/2010 - 12:07
I sent a C&D letter to Wagesfast.com and this is the response I received from them:
"The Loan Agreement, to which we have adhered to by funding the loan, detailed that your loan was subject to the Laws of Cyprus, a fact by which you confirmed your understanding and acceptance of via the online signature you made. Please note, we are not a US company, have never prescribed to be a US company and have no US presence. Please refer to your copy of the Loan Agreement. Under the terms of the Agreement you agreed to make payments via ACH until the loan balance was satisfied in full. We will continue to make all reasonable attempts to make contact where necessary and to request payment of all amounts due and payable to enable the loan agreement to be satisfied, as per the original terms. Regards, Customer Services"
How should I respond to this?:confused:
"The Loan Agreement, to which we have adhered to by funding the loan, detailed that your loan was subject to the Laws of Cyprus, a fact by which you confirmed your understanding and acceptance of via the online signature you made. Please note, we are not a US company, have never prescribed to be a US company and have no US presence. Please refer to your copy of the Loan Agreement. Under the terms of the Agreement you agreed to make payments via ACH until the loan balance was satisfied in full. We will continue to make all reasonable attempts to make contact where necessary and to request payment of all amounts due and payable to enable the loan agreement to be satisfied, as per the original terms. Regards, Customer Services"
How should I respond to this?:confused:
What state do you live in? This will help me give you better ad
What state do you live in? This will help me give you better advice.
Even if they are not physically in the US they are still required to follow the laws of the US regarding the regulation of commerce and the laws of the states they are doing business in.
Quote:Originally Posted by Danise SpencerI sent a C&D letter to
Quote:
Originally Posted by Danise Spencer I sent a C&D letter to Wagesfast.com and this is the response I received from them: "The Loan Agreement, to which we have adhered to by funding the loan, detailed that your loan was subject to the Laws of Cyprus, a fact by which you confirmed your understanding and acceptance of via the online signature you made. Please note, we are not a US company, have never prescribed to be a US company and have no US presence. Please refer to your copy of the Loan Agreement. Under the terms of the Agreement you agreed to make payments via ACH until the loan balance was satisfied in full. We will continue to make all reasonable attempts to make contact where necessary and to request payment of all amounts due and payable to enable the loan agreement to be satisfied, as per the original terms. Regards, Customer Services" How should I respond to this?:confused: |
refresh my memory.how much was borrowed,and how much debited total before default?if the amount debited meets or exceeds the principle.you owe them nothing,and they can take their illegal terms and shove it.
Quote:Originally Posted by paulmergelrefresh my memory.how much
Quote:
Originally Posted by paulmergel refresh my memory.how much was borrowed,and how much debited total before default?if the amount debited meets or exceeds the principle.you owe them nothing,and they can take their illegal terms and shove it. |
I live in Ohio. My original amount of loan was $200. Todate, I have paid $504. So, if anything they owe me. I have closed my bank account. How should I respond to them? or should I ignore them?:confused:
Quote:Originally Posted by Danise SpencerI live in Ohio. My orig
Quote:
Originally Posted by Danise Spencer I live in Ohio. My original amount of loan was $200. Todate, I have paid $504. So, if anything they owe me. I have closed my bank account. How should I respond to them? or should I ignore them?:confused: |
if you choose to respond...say this.
i am not a resident of cypress,have never been a resident of cypress,or am planning to be a resident of cypress.therefore your contract is worthless,and i am owed a refund of 304.00.complaints will be filed.
something like that.
You shouldn't ignore them, especially if you want your money bac
You shouldn't ignore them, especially if you want your money back. Just tell them that US and Ohio law requires them to be licensed in Ohio in order to do business with Ohio citizens and you have been unable to find a record of their license with the State of Ohio. Therefore you are only required to pay the principal, which you have done so. They now owe you a refund of $304.
Quote:Originally Posted by OVLG AttorneyYou shouldn't ignore the
Quote:
Originally Posted by OVLG Attorney You shouldn't ignore them, especially if you want your money back. Just tell them that US and Ohio law requires them to be licensed in Ohio in order to do business with Ohio citizens and you have been unable to find a record of their license with the State of Ohio. Therefore you are only required to pay the principal, which you have done so. They now owe you a refund of $304. |
I responded by saying: I am not a resident of Cypress, have never been a resident of Cypress, or am planning to be a resident of Cypress. Therefore, your contract is worthless. I have paid you to date $504. My loan was only for $200. Therefore, I demand a refund of $304. Please take notice that I will be filing complaints with the Ohio Attorney General and The Federal Trade Commission.
Was this OK?
Quote:Originally Posted by Danise SpencerI responded by saying:
Quote:
Originally Posted by Danise Spencer I responded by saying: I am not a resident of Cypress, have never been a resident of Cypress, or am planning to be a resident of Cypress. Therefore, your contract is worthless. I have paid you to date $504. My loan was only for $200. Therefore, I demand a refund of $304. Please take notice that I will be filing complaints with the Ohio Attorney General and The Federal Trade Commission. Was this OK? |
looks good to me.