Reply from PDL after sending letter
Date: Wed, 08/01/2012 - 17:46
Advance me today- loan amount: 700 paid-1096 ILLEGAL OFFSHORE
Dear Darwin,
Thank you for contacting us.
Please be aware that this is a St. Vincent company, St Vincent and the United States are
both parties to the General Agreement on Trade in Services, a treaty which specifically
permits companies in one country to make consumer loans to citizens of the other.
Under the treaty, we are only obligated to follow the federal laws of the United States.
We are not required to obtain state licenses and individual state laws do not apply since
the federal laws adopting this treaty supersede any state's laws on the subject.
If there is anything else we may do for you do not hesitate to contact us again.
not sure what to do now ,What do you think?
It is a pile of crap....this is how you respond. Dear PDL I a
It is a pile of crap....this is how you respond.
Dear PDL
I am not a resident of St Vincent and probably will never visit either. As you and I both well know, the only laws I am subject to are the laws of MY state. Please save your garbage for other uneducated consumers.
Educated consumer
Thank you
I just sent replied to them ,thank you so much for you help, I will continue my fight your are the best :)
First response I received from cash yes>>
Dear Darwin:
I am writing on behalf of Cash Yes in response to your recent email. Cash Yes strives to assist consumers with their short term cash needs and is concerned that you were disappointed with your most recent experience. We have noted your request for no further communication by telephone.
Please be advised, however, that your loan was made pursuant to Cash Yes??s license in its home country of Belize under the International Financial Services Commission Act of Belize, Chapter 272. Cash Yes??s contracts, including the loan agreement you signed, clearly designate Belize law as governing its transactions and provide all disclosures required by Belize and U.S. federal law. Cash Yes has no physical presence in the State of California, and does not solicit California consumers via mail, telephone, or email; therefore, we are not subject to its regulatory jurisdiction. In order to obtain a loan from Cash Yes, a California consumer must log on to the internet and access Cash Yes??s website, just as you did. You received documents in conjunction with your loan fully describing how the finance fees are applied and your repayment options, and you agreed to these terms, including the applicability of Belize (not California) law to the transaction, with electronic signatures in multiple places. Should you require another copy of your documents, or if you need clarification on points referenced in the documents, please contact us. A careful review of those documents should resolve your concerns regarding the terms applicable to your loan.
Notwithstanding the foregoing, we have agreed to settle the balance owed and have marked your account ??closed and paid in full?? as of August 2, 2012. Cash Yes is taking this action without legal obligation to do so because of our ongoing commitment to customer satisfaction and for no other reason. We hope that this action on our part will resolve your concerns.
Thank you for the opportunity to clarify this matter and address your concerns.
Sincerely,
Cash Yes
Again, you're not a resident or citizen of Belize and their laws
Again, you're not a resident or citizen of Belize and their laws don't apply to you. Choice of law and/or governing law clauses don't matter. Period.