What is the deal with Lansbridge/My Money Chest

I have not settled with this company. But. I am sure that they are an illegal company. Talk with your banker and revoke the ACH transaction. Send the remaining balance via money order.

even a line of credit/cso needs to have license in CA.they use the term "line of credit"to buffalo people.they are illegal,and should be treated as such.

Thank you for the information. I will get them the money order this weekend. I wish I remembered her name but I just hung up she was out of control!

Make sure that you have some sort of agreement with them in writing concerning the money order paying the account in full before sending

I got this email today from my money chest.

You may want to read your Loan Agreement that you Signed with us.

Before you start telling us the Laws that we are very aware of.

The customer service department does not lend to states where pay day lending is illegal. You also sign a TILA (Truth in Lending Agreement) before the funds are issued to make you aware of your responsibilities.

We are the payment services department for the servicing center that arranged your online loan or line of credit and we are not a 3rd party which would require a license.

It’s your choice on how you want to pay the loan back.

1. Pay in full by your next pay period

2. Pay the interest and fees to keep the original amount you obtained in good standings

Here are your Choices - You owe our company $600.00 dollars.

1. You can pay your loan in full by you next payday this would be Aug 16th/2013

2. You can make payments arrangements to divide the payments up.

If either of these choices does not work for you we will be then forced to proceed on your account.

Here is what will take place.

1. We will call your Human Resources Dept. This is to do a verification of employment to gather the info we need to proceed.

2. We will gather all the information need from our Debt and Customer Service. FYI - every time you called in, emailed or did a Live Chat we have all the notes what you agreed upon. We have also each time we called you.

We also have the Legal Binding Contact you signed with our company each time you received a loan.

3. We will add all fees and interest since your loan came back to us and your amount will go up whether or not you revoked the ACH.

4. We will be placing your Debt with a 3rd Party Agency or Debt Buyer – We will recommend Legal Action. Once the file is sold the 3rd parties have the right to affect your Credit and proceed as we have requested.

We don’t choose to go down that road. WE are here to help you however if you refuse to pay your loan you will leave us with no choice but to proceed.

Let us know what your choice is as we are already starting to prepare your account for recommended Legal Action due to you sending in the email and revoking the ACHS.
Sincerely;
MY MONEY CHEST

My question is-what do they mean 3rd party needs a license, but not them? Also, I am certain they are illegal and this is all hot air, but it just makes me nervous. I do not want them calling my employer. Should I call human resources and tell them not to answer any questions?

if you gave your HR a wagw assignment revocation letter(i hope you did)then yes inform them this illegal lender will be calling.btw revoking ACH is part of THE EFTA(electronic funds transfer act)they are just blowing smoke,but they will cal your job as that is what illegals do.last thing only the OC,or a new owner of the debt can take legal action.again nothing but smoke and bullshit(sounds like a punk band)to try and get your new bank info.if you haven't filed AG,AND FTC complaints do so.

----if you gave your HR a wagw assignment revocation letter(i hope you did)then yes inform them this illegal lender will be calling.----

What is this exactly? I never authorized the lender to take money from my wages, and I never had them try. But I did tell Lansbridge they were not allowed to do wage garnishments? I could probably look it up in another forum, I will do some research.

some illegal,and all legal/storefronts use a wage assignment to get money without a court order.some tribal lenders do submit,or try to submit them.so yes.give a revocation letter to your HR.there should be one in SOAPLADY'S signature on dealing with illegal lenders.you will find a template letter there.

This is the latest email. Are they illegal in California?? because she is saying they are not, but she did not say that to begin with? Why now?

You may want to double check your information. We are the Payment Services Department. WE ARE NOT A THRID PARTY AGENCY. We are a valid loan under the state of California.

We are a legal loan or we would not have given you the funds in the first place.

We are proceeding on your account. This WILL NOW be sent to a 3rd Party Agency or a Debt Buyer. We will recommend Legal Action on the account.

The Fees and Interest will be added onto your account.

Again here are your choices. If you refuse then we will proceed on your account. This WILL BE SENT to a 3rd Party Agency or a Debt Buyer. We will recommend Legal Action on the account.

The Fees and Interest will be added onto your account as well.