Payday Loan Yes
Date: Mon, 11/07/2011 - 08:28
Should let her know how her company never had me sign a Truth in Lending disclosure required by Federal Law, and how I am only bound by Federal and State laws, and they are not a licensed lender?
Or should I just ignore them?
If they try to go the CA route, should I just DV them or is there is a Payday loan specific Debt Validation letter?
I have paid them principle plus on the original loan.
"
Your email does not forgive your debt and until you confirm payment on your loan account you will continue in ALL aspects of the collections process.
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".
Your loan payoff offer as listed below will expire today at 1:00 PM, EST
Your email has been placed in
"rejection" status.
Reason: Failure to provide the required payment confirmation information
.
I appreciate your prompt response, however, your email is not the required payment confirmation. To take advantage of the loan payoff you will need to email back today your complete payment authorization, which you will find listed below in my original email. Once you have done that I will then be able to freeze your account balance and remove you from further collection actions.
Be advised that we will use the laws within your state to collect any and all monies due and you will be responsible for any and all reasonable processing fees.
Regards,
REDACTED
Payday Loan Yes
Settlement Manager
Advanced Collections Unit
Phone: 800
-550-6051, ext. REDACTED
Office hours Monday thru Friday
8:00 A.M. to 4:30 P.M., EST"
it is total BS...your state law prevails regardless of what they
it is total BS...your state law prevails regardless of what they might say.
If they are not legal in your state, they should not lend in your state. They are screwing themselves.
Usually they will take all action to get you to pay. This is ho
Usually they will take all action to get you to pay. This is how it works with speedycash.com and how they collect. I am not certain of the laws of contracts but it certainly won't be easy to get them off your back.
to blockerz
HELLO!HELLO MCFLY!ANYBODY HOME?we are discussing an out of the country illegal pdl.what does bringing up a supposedly legal lender have anything to do with this?SOAPLADY is spot on with her post.you on the other hand are not.
Thanks Soaplady, So you don't think they will try to go the col
Thanks Soaplady,
So you don't think they will try to go the collection agency route?
I was just wondering if they do go the CA route, then just sent them a Debt Validation letter during the 30day contest period?
here
i have dealt with paydayloan yes slime myself,and can state they will sell the debt to another slime on par with them.they will threaten everything,but be able to do none of it.when that happens file AG,AND FTC complaints.until then ignore them.they are illegal and stupid.just know that.