Here is what I have done . . .
Date: Thu, 10/14/2010 - 07:26
- Ameriloan: Loan amt = $400 Paid amt = $650
- OneClickCash: Loan amt = $400 Paid amt = $480
- Magnum Cash Advance: Loan amt = $1746.16 Paid amt = $2000.62
I have secured my bank account and sent my letters via email. I requested refunds and stated that I would contact the Attorney General and Department of banking if I did not receive my refunds or if the companies contacted me in any way. Now what?
I'm worried because my bank was unable to close my account because of one outstanding check. They put a block on ACH transfers, and the account should be able to be closed tomorrow, but I'm scared that they will try to dip into my account under another name or something and I'll have problems. The bank is fully aware of the problem and exactly why I am doing this, I guess I'm just worrying too much.
When should I expect a response? What kinds of things should I look for? Being locked out of my accounts with the PD Lenders? Should I fax the letters in addition to emailing them? If I send them from my work fax machine I am worried that they will try to send faxes back to that # which I obviously don't want.
Sooo nervous and worried! Help!
Email should suffice. You never know what to expect, really. I
Email should suffice. You never know what to expect, really. It varies. You'll likely get locked out of your account and start getting phone calls. Hopefully, you can get your PIFs and be done with it. Good luck!
Well I'm already locked out of my Magnum account, that's a good
Well I'm already locked out of my Magnum account, that's a good sign right?
Nothing from Ameriloan or OneClickCash yet . . .
I've created a thread dealing with my experiences so far with Am
I've created a thread dealing with my experiences so far with Ameriloan if you want to see what the timeline has been for me: http://www.debtconsolidationcare.com/paydayloan/thread86486.html
It took two days after I emailed them to be locked out of the account. No other word from them yet. Good luck to you!
Just got a response from Magnum. I sent the letters around 10am
Just got a response from Magnum. I sent the letters around 10am today and got this already:
Sent from my iPhone
Begin forwarded message:
From: "Call Center Services"
Date: October 14, 2010 1:18:35 PM EDT
To: XXXX Deleted for privacy--KS Cornell
Subject: Response from Magnum Cash Advance
Reply-To: [EMAIL="Mgmt@mycallcenterservices.com"]Mgmt@mycallcenterservices.com[/EMAIL]
XXXXX, Deleted-for poster privacy, KS Cornell
We are in receipt of your email dated October 14, 2010 and it was forwarded to the lender. This response is offered on behalf of the lender, ICA. International Cash Advance, Inc. (ICA), doing business as Magnum Cash Advance, is a British Virgin Islands (BVI) corporation. No solicitation or advertisement was offered in Pennsylvania by ICA. Customers must seek out ICA on the internet and apply on "their" web site. The choice of law governing your loan, The BVI, was clearly displayed on the web site and in the loan agreement you executed.
The electronically signed contract clearly states, "All applications, transactions, and credit decisions will be deemed to have taken place in BVI, regardless of where you may be viewing or accessing this site. Borrower is responsible for complying with any local statutory obligations that may exist in their state or area with respect to any transactions with ICA dba Magnum Cash Advance. If we approve your application, the disbursement of funds will be in compliance with ICA policy and headquarters in the BVI. Our transactions are governed by laws of the BVI. The laws of the British Virgin Islands governing consumer loan agreements may differ from the laws of Pennsylvania. If you do not want to enter into a consumer loan agreement subject to the laws of the BVI, you should apply for a loan at a provider located in Pennsylvania. All aspects and transactions on this site will be deemed to have taken place at our location in the BVI. This transaction shall be governed in accordance with the laws of the BVI without regard to its conflicts of law principles, regardless of the order in which the parties agree. The Agreement shall be deemed executed at our location in the BVI as designated herein. Your acceptance of our service confirms your prior acceptance of this Agreement and to jurisdiction located within the BVI."
Regardless of these facts, the lender has no desire to expend non-productive effort by offering its services to customers that do not recognize the value of an installment loan or revolving line of credit that resolve a short term cash crisis on a moment's notice. Therefore, the director of operations for ICA has agreed to consider your last loan from 8/24/2010 as paid in full. The remaining balance has been credited and your account is no longer active and has been closed. Your request for a refund was not approved based on the fact that the terms, conditions, and jurisdiction governing this transaction were fully disclosed to you, along with Truth in Lending disclosures with the initial loan and with all subsequent loans.
Sincerely,
Management
Call Center Services, Inc.
Call Center Services, Inc. is an independent outsource call center provider. CCS assumes no role in establishing client policies, policy statements, or internal affairs.
Can a moderator please remove the email address and last name po
Can a moderator please remove the email address and last name posted in that letter for privacy purposes??
I'm not a moderator, but i'm sure one will be along shortly to h
I'm not a moderator, but i'm sure one will be along shortly to help you. If you register, you can keep better track of your threads, and can edit them as well.
However, congrats on your first Paid in Full letter! That was Q
However, congrats on your first Paid in Full letter! That was QUICK!
Most definately!! But you never want to post your name and or em
Most definately!! But you never want to post your name and or email on line here, because although we care about you, I know for a fact that representatives from Collection agencies and PDL's do troll the site. It's just for your protection. But other than that, great post!
Yeah I just got a little too excited . . . I need to figure out
Yeah I just got a little too excited . . . I need to figure out how to register so I can edit stuff. Thanks for removing that info!
Do you see the "sign in" link at the very top right of this scre
Do you see the "sign in" link at the very top right of this screen? Click on that, then next to the boxes where you sign in are two links. Register for the community one, and you're good to go:)