NC PDL Help!!!
Date: Thu, 09/16/2010 - 13:56
I have several PDL out there..I have started sending out the letters but missing some states that these companies are licensed in. I have only had one response from Paydayloan yes & it wasn't the type of letter that I was expecting. I'm in the midst of bringing my bank account current so I can close/reopen it, but it's so frustrating when fees are constantly being deducted from my account :( I know there is hope out there based off of the posts I've read, but it's just getting a little ridiculous. please help...and any other information regarding the PDL companies & the exact state laws for NC so I can reference to them when writing the letter (I got the letter from the original post by Shazzers).
Here are the companies:
JHS Marketing ($250)
Ameriloan ($300)
Paydayloan Yes ($350)
Star Cash Processing ($300)
Sandpoint Capital, LLC ($250)
This is the letter I got back from paydayloanyes:
"We did not solicit your business. You went outside of your state and took
the loan. Please reference your loan contract, the Loan Note & Disclosure
Statement, the Governing Law section. Listed below is what you agreed to /
authorized when you e-signed your loan contract. Your email does not forgive
your debt nor will it deflect further collection actions on your loan
accounts.
Governing Law
"Both parties agree that this Note and your account shall be governed by all
applicable federal laws and all laws of the jurisdiction in which the LENDER
is located, regardless of which state you may reside, and by signing below
or by your electronic signature, you consent to the exclusive exercise of
regulatory and ad judicatory authority by the jurisdiction in which the
Lender is located over all matters related to the Note and your account,
forsaking any jurisdiction which either party may claim by virtue of its
residency".
This is a loan payoff, meaning once you confirm this payoff by providing
your card information (see payment instructions), your account will then be
removed from the collections process, your balance will be frozen and no
further charges will be assessed on the loan balance as long as you follow
through with the agreed arrangement.
As of today, your total account balance is due $620; loan payoff is for $540
payment arrangements are for three (3) payments $180 due on 09-21-10,
01-05-10 and 10-19-10, this will close your loan account. Payment method is
Visa or MasterCard debit/credit only. See your payment instructions listed
below.
Payment Instructions
To confirm this payment agreement you can:
1). Call me today, Karen Tims at ( 1-800-654-7444, ext. 846 ) with your Visa
or MasterCard information
2) Email me back today with your Visa or MasterCard information, see payment
form listed below.
Regards,
Karen Tims
Advanced Collections
Phone: 800-654-7444, ext. 846
Office Hours Monday thru Friday
8:00 A.M. to 5:00 P.M., EST"
This letter has kind of been discouraging and I'm not sure if I want to proceed sending the rest :( Any help, any type of hope, any advice would be great...thank you.
Please do not start more than one thread with the same topic.
Please do not start more than one thread with the same topic.
I did not realize that I had posted twice, i am sorry. I have se
I did not realize that I had posted twice, i am sorry. I have sent letters to most of the companies & have received this additional letter:
“Dear Ms. Violette,
We respect a consumer who researches the services to which he/she uses. With that being said when you applied for and agreed to the terms of the loan, it would have behooved you to read the complete contract you agreed to with Sandpoint Capital. You are a citizen of North Carolina, however the contract was not made in North Carolina. The contract was completed via the world wide web, the governing law (clearly outlined in your contract) which you agreed to by your legal e-signature is based in Charlestown, Nevis in the West Indies. When you spoke with Taylor on 08/17/10 at 10:41am CST, she clearly outlined how the loan works and what the finance charges were, yet you still accepted the loan. Furthermore you called back to change your first due date from 9/3 to 9/7 because of problems with the bank and we accommidated you.
We would be willing to settle with you for the principle amount remaining on your account. We could initiate the debit to your account of $250 on your next due date of 10/01/10. If making one payment to payoff the principle isn’t possible for you, then another payoff arrangement may be available. Please call to let us know how you would like to proceed and ask for me directly. If I am not available, then please request a supervisor. You can also have the debits stopped on your account by placing a stop payment on our debit. This will result in your being sold to outside collections.
Wes S
Operations Manager
Clearwater Bay Marketing
p. 800-708-4342
f. 800-708-4351
I understand my rights, I get that they don't want to comply with my letters, I've read through the forums,but was wondering if anyone else had the same problem with these different companies & what all took place.
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Most of us who use or have used PDLs faced the same problems. Do
Most of us who use or have used PDLs faced the same problems. Don't listen to their misleading statements. Tell them that your states' laws prevail. Tell them that if they don't comply to your request, you will file cases against them with the FTC and your states' AG.
I'd just go ahead and file the complaints. They almost always c
I'd just go ahead and file the complaints. They almost always come back at you with "our laws prevail" or "we'll take this much as a settlement," etc. It's all BS. Keep fighting.