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Woo hoo

Date: Tue, 09/07/2010 - 13:59

Submitted by screwedinaz
on Tue, 09/07/2010 - 13:59

Posts: 56 Credits: [Donate]

Total Replies: 12


Just got off the phone with American Consumer Credit and they are closing my account and sending me a PIF letter. I was really starting to get nervous as it had been over a week and I had not heard a peep from them. The gal I spoke with said she had been out of town for a week and just got my fax today. I am SOOOO relieved!! Now I am just waiting to hear from Sure Advance and I can start to get my life back!!! Keep on pushing - it works!:p


Haven't received an actually written PIF from ACC, but got this email today from SureAdvance:

[FONT=Arial][SIZE=3]
[LEFT][SIZE=3][FONT=Arial]We are in receipt of and are responding to your Complaint letter.[/FONT][/SIZE][FONT=Arial]
[SIZE=3]Sure Advance is an LLC in good standing in the State of Delaware and a fully-licensed Delaware short-term lender. Sure Advance does not do business in Arizona, but did make acash advance to you pursuant to your request made in Delaware via the Internet. The transaction is legal and compliant under Delaware law.[/SIZE]
[SIZE=3]After thorough review of your account, it appears that, despite full and complete disclosure, you may have misunderstood the loan conditions and/or terms. For that reason, consistent with Sure Advance???s policy to promote customer satisfaction, Sure Advance has written off the balance and marked the account paid in full.[/SIZE]
[SIZE=3]Thank you for allowing us to be of assistance in this matter.[/SIZE][/LEFT]

[LEFT][SIZE=3]YIPEE!!!!:D[/SIZE][/LEFT]
[/FONT][/SIZE][/FONT]


lrhall41

Submitted by screwedinaz on Mon, 09/13/2010 - 08:43

( Posts: 56 | Credits: )


It is similar to the one found on other postings, but I will include it here. I changed it for PDM simply because the law in AZ changed after June 30, 2010 and my loan with them was issued after that.

To whom it may concern:


This letter is to inform you that I am aware of the fact that the loan which was issued to me is not legally binding in the state Arizona. I am bound by the state laws where I reside. As I have no presence in your state, I therefore have no legal obligation to the 'governing laws' you may have detailed.



Prior to July 1, 2010, the state of Arizona required Internet payday lenders to be licensed in the state in order to be a lender. As of July 1, 2010, however, payday loans are illegal in the state of Arizona. (Please see attached letter from Arizona Attorney General Terry Goddard) My loan contract was executed on July 8, 2010 and is therefore illegal and void.


Effective immediately, I hereby revoke any and all ACH authorizations with your company from debiting any and all of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I also revoke any and all wage assignments I may have signed, by you, including but not limited to; any of your affiliates, dba's, and collection agencies assigned to this account. I further request that any future communication regarding my account be conducted by email and that I nor my employer or references not be contacted by phone.

My financial records indicate that I received a loan in the amount of $300.00 and have paid, to date, $245.51. Because the terms of the loan violated Arizona state law, I am only responsible for the principal amount funded and would happily make arrangements to forward the remaining $54.49 via Western Union or some other form of payment after which I expect my account to be considered paid in full. If you are unable or unwilling to comply with my request, I will be forced to file complaints with the Office of the Arizona Attorney General, the BBB and the Federal Trade Commission. Please respond via email within 2 business days.


lrhall41

Submitted by screwedinaz on Tue, 09/14/2010 - 14:05

( Posts: 56 | Credits: )


This is what I sent to the other 2 as the loans were issued prior to July 1, 2010. I didn't request refunds because I was chickens*** and am somewhat kicking myself now, but at least all the accounts are PIF:

[COLOR=#333333]To whom it may concern:

[/COLOR]
[COLOR=#333333]This letter is to inform you that I am aware of the fact that the loan which was issued to me is not legally binding in the state Arizona. I am bound by the state laws where I reside. As I have no presence in your state, I therefore have no legal obligation to the 'governing laws' you may have detailed. For your convenience, I have included [/COLOR]
[COLOR=#333333]Arizona???s payday lending laws. (Please see attached documents)

[/COLOR]
[COLOR=#333333]Prior to July 1, 2010, the state of Arizona required Internet payday lenders to be licensed in the state in order to be a lender. I have researched their licensee database and determined that your company was not properly licensed and therefore not able to provide me with a loan. If you dispute this, I will need you to provide your valid license number so that I may verify it with my Attorney General. As of July 1, 2010 payday loans are illegal in the state of Arizona. (Please see attached letter from Arizona Attorney General Terry Goddard)

[/COLOR]
[COLOR=#333333]Effective immediately, I hereby revoke any and all ACH authorizations with your company from debiting any and all of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I also revoke any and all wage assignments I may have signed, by you, including but not limited to; any of your affiliates, dba's, and collection agencies assigned to this account. I further request that any future communication regarding my account be conducted by email and that I nor my employer or references not be contacted by phone. [/COLOR]
[COLOR=#333333]
My financial records indicate that I received a loan in the amount of ____ and have paid, to date, _____ which is ____ more than the amount I am legally bound to pay you. Because the terms of the loan violated Arizona state law, I am only responsible for the principal amount funded. At this time I am requesting my account be considered paid in full and request written documentation via USPS or email reflecting this. Although it is within my legal right to request a refund, I am willing to forgo that request in exchange for having my account closed. If you are unable or unwilling to comply with my request, I will be forced to file complaints with the Office of the Arizona Attorney General, the Office of the Delaware Attorney General, the BBB and the Federal Trade Commission.
[/COLOR]
[COLOR=#333333][FONT=Verdana][/FONT][/COLOR]
[COLOR=#333333][FONT=Verdana][/FONT][/COLOR]


lrhall41

Submitted by screwedinaz on Tue, 09/14/2010 - 14:09

( Posts: 56 | Credits: )