Sent this letter to mass street group and got reply
Date: Mon, 10/01/2012 - 11:40
Sub: #8
Replied on Today, 05:49 PM
Well. I sent this email to mass street group yesterday:
Dear Lender,
It has come to my attention that payday loans are prohibited in my state. Therefore, the loan contract that I have with you, according to my state’s laws, is not enforceable. Although I am not required to do so, I am willing to repay the principal balance of the loan. To date, I have received $500 and have made 3 “renewal†payments of $120 leaving a balance due of $140. I am willing to repay the $140 balance via credit card in 2 monthly installments of $70 each on (insert date(s)).
At this time I am revoking ACH authorization. You are no longer authorized to withdraw payments from my checking account. I am also revoking any wage assignment I may have signed. I have given a copy of these revocations to both my bank and my employer. Any future attempts to collect funds in this manner will be blocked.
Please contact me to set up payment arrangements as outlined above.
And I just recieved this email in response:
Thank you for providing us with your states laws. We respect a consumer who researches the services to which he/she uses. With that being said when you applied for and agreed to the terms of the loan, it would have behooved you to read the complete contract you agreed to with Horizon Opportunities. You are a citizen of New York, however the contract was not made in New York. The contract was completed via the world wide web, the governing law (clearly outlined in your contract) which you agreed to by your legal e-signature are the laws of the jurisdiction in which the lender is located. When you called and spoke spoke with Sierra on 08/22/12 at 4:10pm CST to request your third loan from us, she clearly outlined how the loan works and what the renewal charges were, yet you still requested and accepted the new loan.
Despite you now disputing the validity of the loan, the loan in which you requested from us and agreed to, we would be willing to settle with you, with no obligation to do so, for the principle amount remaining on your account. We could initiate the debit to your account of $250.00 on your next due date of 10/3/12. If making one payment to pay off the principle isn’t possible for you, then another payoff arrangement may be available. Please call to let us know how you would like to proceed. You can also have the debits stopped on your account by placing a stop payment on our debit. This will result in your being sold to outside collections.
CWB Services LLC
Customer Service
Ph. 1-877-781-4330
FX: 1-888-519-2058
Mon-Fri 8am-5pm cst
What do you suggest??
Replied on Today, 05:49 PM
Well. I sent this email to mass street group yesterday:
Dear Lender,
It has come to my attention that payday loans are prohibited in my state. Therefore, the loan contract that I have with you, according to my state’s laws, is not enforceable. Although I am not required to do so, I am willing to repay the principal balance of the loan. To date, I have received $500 and have made 3 “renewal†payments of $120 leaving a balance due of $140. I am willing to repay the $140 balance via credit card in 2 monthly installments of $70 each on (insert date(s)).
At this time I am revoking ACH authorization. You are no longer authorized to withdraw payments from my checking account. I am also revoking any wage assignment I may have signed. I have given a copy of these revocations to both my bank and my employer. Any future attempts to collect funds in this manner will be blocked.
Please contact me to set up payment arrangements as outlined above.
And I just recieved this email in response:
Thank you for providing us with your states laws. We respect a consumer who researches the services to which he/she uses. With that being said when you applied for and agreed to the terms of the loan, it would have behooved you to read the complete contract you agreed to with Horizon Opportunities. You are a citizen of New York, however the contract was not made in New York. The contract was completed via the world wide web, the governing law (clearly outlined in your contract) which you agreed to by your legal e-signature are the laws of the jurisdiction in which the lender is located. When you called and spoke spoke with Sierra on 08/22/12 at 4:10pm CST to request your third loan from us, she clearly outlined how the loan works and what the renewal charges were, yet you still requested and accepted the new loan.
Despite you now disputing the validity of the loan, the loan in which you requested from us and agreed to, we would be willing to settle with you, with no obligation to do so, for the principle amount remaining on your account. We could initiate the debit to your account of $250.00 on your next due date of 10/3/12. If making one payment to pay off the principle isn’t possible for you, then another payoff arrangement may be available. Please call to let us know how you would like to proceed. You can also have the debits stopped on your account by placing a stop payment on our debit. This will result in your being sold to outside collections.
CWB Services LLC
Customer Service
Ph. 1-877-781-4330
FX: 1-888-519-2058
Mon-Fri 8am-5pm cst
What do you suggest??
please keep this in your original topic, this thread is closed -
please keep this in your original topic, this thread is closed - here is the link to your first topic. double posting is very confusing for us
http://www.debtconsolidationcare.com/forums/showthread.php?p=944591&posted=1#post944591
