Good News
Date: Wed, 09/05/2012 - 20:01
Hello,
I posted under the avatar "Feeling Good" a couple days back in regards to 7 payday loans I had, and my strategy with the companies. I filed complaints with my state's AG, and sent revocation letters to each lender, showing interest I had paid, and offered a compromise with each lender to offset what I owed to the over payment of interest on previous or current loans. These are fair offers in my mind. I will not ask the lenders to refund any over payment, and I am paid in full.
Well my first success came today. Keep in mind I sent the revocation letters on Monday night, 9/3. Ameriloan just sent me a paid in full notification from their compliance department. I owed about $750 on a current loan with them, but had made $1000s of interest on previous loans with them. Could I have made more? Asked for a refund of all overpayments? Well, yes. BUT, I did not feel that is fair - I read the agreements and took out the loan. So I am square with 1 of 7. The others are being quiet. Advancemetoday is requesting that I send my revocation letter in "a different format" - okay whatever...I will do that.
Just wanted to THANK this forum, and my state's AG as the battle is going well...and NO WAY would I have started off like this without you all.
Will keep everyone posted as this progresses. I know the other 6 lenders will not be so easy. If I have continued success, I will be more than happy to share my revocation letter with anyone that wants it...
God Bless.
I posted under the avatar "Feeling Good" a couple days back in regards to 7 payday loans I had, and my strategy with the companies. I filed complaints with my state's AG, and sent revocation letters to each lender, showing interest I had paid, and offered a compromise with each lender to offset what I owed to the over payment of interest on previous or current loans. These are fair offers in my mind. I will not ask the lenders to refund any over payment, and I am paid in full.
Well my first success came today. Keep in mind I sent the revocation letters on Monday night, 9/3. Ameriloan just sent me a paid in full notification from their compliance department. I owed about $750 on a current loan with them, but had made $1000s of interest on previous loans with them. Could I have made more? Asked for a refund of all overpayments? Well, yes. BUT, I did not feel that is fair - I read the agreements and took out the loan. So I am square with 1 of 7. The others are being quiet. Advancemetoday is requesting that I send my revocation letter in "a different format" - okay whatever...I will do that.
Just wanted to THANK this forum, and my state's AG as the battle is going well...and NO WAY would I have started off like this without you all.
Will keep everyone posted as this progresses. I know the other 6 lenders will not be so easy. If I have continued success, I will be more than happy to share my revocation letter with anyone that wants it...
God Bless.
So good to hear... keep on fighting these guys. Glad you worked
So good to hear... keep on fighting these guys. Glad you worked that out with Ameriloan.
So glad for your success. Hope that everything will work out fo
So glad for your success. Hope that everything will work out for you.
