Eastside Lenders
Date: Fri, 01/14/2011 - 11:26
I sent an email to Christy at Eastside Lenders about my complaint I made to the BBB and my refund of overpayments. WOW these people are amazing lol
Ms XYZ:
I responded through the Better Business Bureau on January 10. My apologies that you have not received a copy yet.
East Side Lenders, which is located in Delaware, is licensed by the State of Delaware to make small loans. All such loans are approved and funded in Delaware, with repayment to be made in Delaware. The East Side Lenders loan agreement and website contain all disclosures required by Delaware and federal law and make it clear that all transactions are governed by Delaware law. On the advice of counsel, East Side Lenders maintains that the choice of Delaware law as controlling in the loan documents would be upheld, as all of the significant contacts in the loan transaction occur in Delaware. The loan agreement is legal and enforceable. In responding to your correspondence, East Side Lenders notes and reserves all available legal and equitable objections to the points you have raised.
Per your request, I have included a copy of your loan document. Please refer to the sections entitled Place of Contract and Governing Law, Assignment And Execution. We are willing to settle your account for the remaining principle balance of $425.00. If you are experiencing financial hardship, we will be happy to set up a payment plan that fits your budget. East Side Lenders will consider doing so because of our continuing commitment to servicing our customers and not because of a legal obligation to do so.
[COLOR=black]Thank you, [/COLOR]
[COLOR=black]Christy Finazzo[/COLOR]
[COLOR=black]East Side Lenders, Manager[/COLOR]
[COLOR=black]2711 Centerville Rd, Suite 120-5900[/COLOR]
[COLOR=black]Wilmington, DE 19808[/COLOR]
Now mind you I had sent an email to her 1/05/11. She said she would respond in 3 business days on the 6th of Jan. I sent a reminder today and the above response is what I received. I have already overpaid this company by $602.50.
They don't get that they are illegal in my state.
Any advise in a response to this?:p
I sent a response back....I wonder if I will get another "blanke
I sent a response back....I wonder if I will get another "blanket" email again. I noticed someone else on this forum received about the same response lol
Each email I sent to them has resulted in the same response. Alt
Each email I sent to them has resulted in the same response. Although I haven't heard from them at all since I was able to get my bank to reverse two payments they debit after I revoked my authorization and told that they had violated Delaware law by giving me a small loan when I asked for a payday loan- can you say bait and switch. tsk.tsk
I'm still waiting to hear back from them. She probably thinks I
I'm still waiting to hear back from them. She probably thinks I will give up...NOT!!! They owe me a huge refund. I won't go away :D
It is very unlikely you will get a refund from Eastside. You ca
It is very unlikely you will get a refund from Eastside. You can read all the past posts from people who've dealt with them including myself. I continued to receive the same e-mail to which I resent my original e-mail. After approx. 3 months or so, they turned it over to a scum-bag collection/lawyer service - and we did the pdl dance for months. Finally, they went away.
I would contact my state authorities and file a complaint that Eastside is illegally lending in your state. I wouldn't count on Delaware or the BBB to help. If you file complaints with your state, perhaps if they get enough, they will move on them like other states have.
Good luck and keep us posted.
I have contacted Ohio DFI. They seem to be really interested in
I have contacted Ohio DFI. They seem to be really interested in these internet PDL companies.
Hopefully they do send it to collections.
One person here did get her refund from them. I am hoping the same.
I hadn't overpaid them by much so I didn't pursue a refund. I'm
I hadn't overpaid them by much so I didn't pursue a refund. I'm glad OH is looking into them. Other states have issued a cease and desist. Soon maybe Eastside will only be legal in DE.
Keep us posted; I'll be cheering for you
Eastside Lenders recently sent a $900. refund to one of our memb
Eastside Lenders recently sent a $900. refund to one of our members (Kelz), she had to fight tooth and nail though.
Update : Today's email from Eastside Lenders Ms. XYZ: As we
Update : Today's email from Eastside Lenders
Ms. XYZ:
As we have stated in our previous correspondence, East Side Lenders, which is located in Delaware, is licensed by the State of Delaware to make small loans. The East Side Lenders loan agreement and website contain all disclosures required by Delaware and federal law and make it clear that all transactions are governed by Delaware law. The loan agreement is legal and enforceable.
However, in an effort to accommodate you, East Side Lenders will consider your loan paid and will not pursue any future attempts to collect this debt. East Side Lenders will consider doing so because of our continuing commitment to servicing our customers and not because of a legal obligation to do so.
[COLOR=#1F497D] [/COLOR]
[COLOR=black]Thank you, [/COLOR]
[COLOR=black]Christy Finazzo[/COLOR]
[COLOR=black]East Side Lenders, Manager[/COLOR]
[COLOR=black]2711 Centerville Rd, Suite 120-5900[/COLOR]
[COLOR=black]Wilmington, DE 19808[/COLOR]
I STILL want my overpayment back......anyone have advice? It's over 600.00 overpaid
yeah keep sending the email with the info stating you overpaid,a
yeah keep sending the email with the info stating you overpaid,and will not settle for less than a refund.also either file AG complaints,or follow up complaints.it makes me ill when they put that they are commited to serving their customers.what a laugh,they should be commited...to an institution.
I sent back the rejection letter to the BBB stating I want my re
I sent back the rejection letter to the BBB stating I want my refund and PIF letter. You're right they should be commited to an institution lol
A paid in full from Eastside Lenders? Well, you are breaking the
A paid in full from Eastside Lenders? Well, you are breaking them down little by little, keep pushing!
Eastside Lenders
I sent them the email and . . .
Here is the extent of my correspondence with them so far:
[COLOR=black]Dear [/COLOR][FONT=Tahoma][/FONT]
[COLOR=#1f497d] [/COLOR][FONT=Tahoma][/FONT]
[COLOR=black]East Side Lenders is responding to your correspondence regarding the above-captioned account. [/COLOR][FONT=Tahoma][/FONT]
[COLOR=black]East Side Lenders, which is located in Delaware, is licensed by the State of Delaware to make small loans. All such loans are approved and funded in Delaware, with repayment to be made in Delaware. The East Side Lenders loan agreement and website contain all disclosures required by Delaware and federal law and make it clear that all transactions are governed by Delaware law. On the advice of counsel, East Side Lenders maintains that the choice of Delaware law as controlling in the loan documents would be upheld, as all of the significant contacts in the loan transaction occur in Delaware. The loan agreement is legal and enforceable. In responding to your correspondence, East Side Lenders notes and reserves all available legal and equitable objections to the points you have raised.[/COLOR][FONT=Tahoma][/FONT]
[COLOR=black]East Side Lenders provided this service as a convenience to you. We still consider your loan to be outstanding and are prepared to go to arbitration as provided for in the Loan Agreement between us. As an alternative, if you are experiencing financial hardship, we will be happy to speak to you about payment arrangements through which you can successfully meet your payment obligations. East Side Lenders will consider doing so because of our continuing commitment to servicing our customers and not because of a legal obligation to do so. [/COLOR][FONT=Tahoma][/FONT]
[COLOR=black]Should you have any further questions regarding this matter, if you wish to speak about payment arrangements, please contact us at (800) 689-5603.[/COLOR][FONT=Tahoma][/FONT]
[COLOR=black]Sincerely,[/COLOR][FONT=Tahoma][/FONT]
[COLOR=black]Customer Service[/COLOR][FONT=Tahoma][/FONT]
[COLOR=black]East Side Lenders[/COLOR][FONT=Tahoma][/FONT]
My response:
( I also resent the email)
[COLOR=black]I have spoken to the Attorney Generals office, the office of Wyoming Division of Banking and to my bank. You have no legal authority in the state of Wyoming [/COLOR]
[COLOR=black][FONT=Arial][/FONT][/COLOR]
[COLOR=black][FONT=Arial][COLOR=#1f497d]Eastside:[/COLOR]
[COLOR=#1f497d]Since this is a internet payday loan we are licensed. You borrowed the money from Delaware and you pay Delaware. [/COLOR][FONT=Tahoma][/FONT]
[COLOR=#1f497d]Please reread the legal letter I sent you.[/COLOR]
[COLOR=#1f497d][FONT=Calibri][/FONT][/COLOR]
[COLOR=#1f497d]Me:[/COLOR]
[COLOR=#1f497d][FONT=Calibri][/FONT][/COLOR][FONT=Tahoma][FONT=Tahoma]I don't care if you are in Timbuktoo. Please re-read the Wyoming laws. Delaware laws do not override another states laws.
Eastside:
[COLOR=#1f497d]The first line of the laws you sent say ??? regulates payday lenders with physical address in Wyoming??? our physical address is Delaware and Our license number is 8673 . All you have to do is pay back what you owe since you have only paid one fee. The amount is 425.00. We can stop all the fees and split into smaller payments if its easier. You agreed to the terms when you got the loan.[/COLOR]
[COLOR=#1f497d][FONT=Calibri][/FONT][/COLOR]
[COLOR=#1f497d]Me:[/COLOR]
[COLOR=#1f497d][FONT=Calibri][/FONT][/COLOR][FONT=Tahoma][FONT=Tahoma]Apparently, you stopped after you read that. If you had read further you would have read:
If a lender is not licensed within the state of Wyoming, [COLOR=red]they cannot loan money to residents of that state. [/COLOR]
Because I follow WYOMING laws, I only owe you the balance of what you originally gave me. So, $400 less the $140 you pulled out of my account is $260. As soon as you agree to that amount, I would be happy to pay you. Until then . . .
[/FONT]
[/FONT][/FONT][/FONT][/FONT][/COLOR]
nice.very nice.go get them,and don't back down.btw i think someb
nice.very nice.go get them,and don't back down.btw i think somebody read it to them as i doubt they can read anything as they send form emails 90%of the time,and the others look like cut and paste 90%of time.