Help
Date: Sun, 11/13/2011 - 15:20
Advance America (in store) - 1000
Advance America (online) - 1800
ChecknGo (online) - 1500
VIPLoanShop (Online) - 400
Please help.
Welcome Barbecue, Advance America and Checkngo are legal in yo
Welcome Barbecue,
Advance America and Checkngo are legal in your state. Our forum experts will tell you if VIP Loan Shop is legal in Texas.
Cease and Desist Letter for VIPLOANSHOP in Texas
Is this the letter I should email them? Please help with the State specific information I need to include.
My loan was for $400 and I have paid $1,002 so far. I have instructed my bank to block all ACH transactions from VIPLOANSHOP going forward. Am I able to dispute and recoup the $602 in over payment?
Thank you very much for your help and guidance.
______________________________________________________________
November 15, 2011
VIPLOANSHOP
My Name
My City and State
Account # (cannot find it)
After doing research regarding Internet payday loan laws in the State of Texas, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of Texas in general:
Your State Information (where do I find this?)
I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The Texas Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected.
I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office.
I prohibit you or your affiliates to contact me via telephone at my place of employment or my home
telephone number. I also prohibit you from calling my references listed on my loan.
Due to the fact that Internet payday loans must be licensed in the state of Texas to be a legal and binding contract, your company should NOT issue loans to Texas residents at all. I am requesting that you send me your license number which enables you to offer loans to Texas residents.
The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments.
I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the State Attorney General's Office.
I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.
Sincerely,
My Name
CC:
Better Business Bureau
Texas Attorney General
Federal Trade Commission