Please read and give pointers
Date: Wed, 03/22/2006 - 06:23
Thanks guys.
Oops-forgot to post the letter
[quote]To Whom It May Concern:
I am a current customer and have been for a while now. In the time that I have been affiliated with your company, I have paid an excessive amount of interest charges.
This is an excerpt from the Florida Law, which you can read for yourself at
http://www.flofr.com/licensing/DeferredPresent.htm
???No deferred presentment provider or its affiliate shall charge fees in excess of 10 percent of the currency or payment instrument provided. However, a verification fee may be charged in accordance with s. 560.309(4) and the rules adopted pursuant to the code. The 10-percent fee may not be applied to the verification fee. A deferred presentment provider may charge only those fees specifically authorized in this section.???
Florida law limits loan amount to a $500 maximum and interest payments to 10% of the loan amount. Verification fees of up to $5 may also be charged by the lender. Speaking with the Florida Office of Financial Regulation, I have also found that Florida law dictates that lenders issuing payday loans to Florida residents must be registered with Florida as a deferred presentment provider:
http://www.flofr.com/licensing/RulesStatutes/Rule69V-560.htm
In reference to my current and past loans with your company, I am requesting verification of all interest and principal payments made by me on my account. I also can not find your licensing information for the State of Florida. Please forward this information within the next 30 days.
I am hereby revoking any wage assignment that you may attempt to incur on this account.
My next payment with you is due on March 31, 2006. I am NOT authorizing you to make a deduction on this date.
I am currently working with a debt consolidation company to settle my debts and any questions that you might have should be addressed to them. Their information is as follows:
Please cease and desist from calling me at home or at my place of employment as any communication with me must be made via my debt consolidation company OR via U.S. Mail at the following address:
This letter is intended as settlement negotiations in a civil case. While I prefer not to litigate, I will use the courts as needed to enforce my rights under the fdcpa.
I look forward to an uneventful resolution of this matter.
Sincerely,
MY name[/quote]
Awesome! I feel so honored! :) Let us know what happens! I'l
Awesome! I feel so honored! :)
Let us know what happens! I'll let you know what I hear from mine, too.