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Refund letter from Quikpayday!

Date: Fri, 04/28/2006 - 09:18

Submitted by jj
on Fri, 04/28/2006 - 09:18

Posts: 1057 Credits: [Donate]

Total Replies: 58


yes I did and I expected as much.. in essence they are settling your claim without admitting guilt.. which means that they feel its better to settle than fight in otherwords they know their legal position.


I received an email from Quikpayday today. The letter they attached stated that they are sending me a refund and marking the loan paid in full. Yeah!! I can pay off the dentist office lol.

They sent it as a pdf attachment, but here is the text of it:

Quote:

We are in receipt of your recent email alleging that we have violated Virginia law. As you are aware, we disclose numerous times on our website, through our application process and in each of our loan agreements, that our relationship is governed by Ohio law.

We have no facility, offices or employees in the state of Virginia, thus we have no "presence" in Virginia and do not fall under their jurisdiction for licensing.

At all times during operation, Quik Payday has been licensed, governed by and compliant with the laws of the state of Utah. You, as a consumer, consented to the factthat our contractual relationship would be governed by Utah law. Furthermore, you were informed that if you did not want our transaction to be governed by Utah law that you should seek a loan elsewhere.

Obviously, you have become accustom to our high level of customer satisfaction and it is our desire to resolve this matter as quickly and amicably as possible. Enclosed with this letter is a check for $880 to settle this matter. Your endorsement of the check shall constitute full and complete release of any and all claims you may have against Quik Payday arising from any loan or finance charge you paid to Quik Payday. Quik Payday has made no negative credit reports to any of the three credit bureaus.

Sincerely,

Quik Payday


So I think we've all got them running. Did anyone else get a comment about not holding Quikpayday liable for anything else?

Dana


lrhall41

Submitted by set4sail on Fri, 04/28/2006 - 09:21

( Posts: 412 | Credits: )


Sue, UCL forgave my loans (UCL and One Click) last month. They were the first one I bombarded. I slacked off on following up with Quikpayday.

It leaves one pdl that hasn't been forgiven, but they dropped the balance owed to $400 (from $930) so I'm trying to decide what I want to do about that. I'm probably the only one here that has borrowed from them since it is a military-only lender.


lrhall41

Submitted by set4sail on Fri, 04/28/2006 - 09:35

( Posts: 412 | Credits: )


Tammy, so they are using a standard letter for the responses, just changing the state? lol like a reversal of the letters we are all sending.

I don't know why some companies will forgive loans, some will refund, etc for one person, but not for others. Maybe it's based on how many times a person borrowed, so how much they overpaid?? There are some people that are still waiting for a pdl to forgive loans, even after following the same steps we have used.


lrhall41

Submitted by set4sail on Fri, 04/28/2006 - 09:41

( Posts: 412 | Credits: )


This is what I am getting from Quik Payday:
But, do you have a license to loan in SC? Sorry for all of the questions.
-----Original Message-----
From: David M
Sent: Wednesday, May 03, 2006 9:38 AM
To: kbraveboy
Subject: RE: Payment Reminder


That could be true, however when you took out the loan with our company you signed a Utah loan agreement, so the loan terms are under Utah Law.



David M

Customer Service Representative

866-300-9935



-----Original Message-----
From: kbraveboy
Sent: Wednesday, May 03, 2006 7:36 AM
To: David M
Subject: RE: Payment Reminder



Just wondering about all of this. I've had several people tell me that SC payday loan laws are $15 per $100 and that they cannot be held out for longer than 31 days.

-----Original Message-----
From: David M [mailto:davidm@quikpayday.com]
Sent: Wednesday, May 03, 2006 9:30 AM
To: kbraveboy
Subject: RE: Payment Reminder

We loaned $300 to you, so there was a pay back for $360. You took out two extensions which cost $60 each, the first one was due on 12/9/05 and paid, the second was due on 12/27 but was returned to us so that became a $80 dollar payment. Then your loan was due on 1/6/06 and that was also returned making that payment $380. So at that point you would have had a balance of $460. There was a $230 payment on 1/17 that was returned to us, so your balance became $480. On 2/4 we had a payment of $120 pay, then on 2/18, and 3/4 we also had payments of $120 pay. At that point your balance was $120, and we had 3 more returned payments which we did not charge you return fees on. Your balance currently stands at $120 and that is scheduled for 5/12. Sorry Jarem didn't get back to you, he has had a few days off for his finals at school. If you have any other questions be sure to let me know, have a good day.



David M

Customer Service Representative

866-300-9935



-----Original Message-----
From: kbraveboy
Sent: Tuesday, May 02, 2006 1:35 PM
To: David M
Subject: RE: Payment Reminder



David, I e-mailed Jarem about this. No response. Can you help me?



-----Original Message-----

From: kbraveboy

Sent: Monday, May 01, 2006 4:54 PM

To: 'jarems@quikpayday.com'

Subject:

I was just wondering if you could give me the original loan amount along with a list of all payments made to the account.

Thanks, kbraveboy

-----Original Message-----
From: David M [mailto:davidm@quikpayday.com]
Sent: Monday, May 01, 2006 1:43 PM
To: kbraveboy
Subject: Payment Reminder

Dear kbraveboy,

I'm contacting you regarding your payment of 60 due on 5/12/2006 through your checking account. It is very important that you keep this arrangement. If you have any questions feel free to email me back or to give me a call. Thanks and I hope you have a good day.



David Merrell

Payment Department

866-300-9935


lrhall41

Submitted by kbraveboy on Wed, 05/03/2006 - 05:51

( Posts: 171 | Credits: )


This is my response from David. Any ideas of what I should do?

Quikpayday????????s business license is a Utah business license as our online store????????s physical location is in Utah. Our website and loan agreement let our customers know that our loans are governed by Utah law and that if you are not in agreement with Utah terms and regulation that it would be best to seek a lender in your state of residence. Let me know if you have any other questions.



David M

Customer Service Representative

866-300-9935


lrhall41

Submitted by kbraveboy on Wed, 05/03/2006 - 06:24

( Posts: 171 | Credits: )


can someone tell me how to contact t&c about my payday loans?


lrhall41

Submitted by on Wed, 05/03/2006 - 23:23

( Posts: | Credits: )


Is there a standard letter that any of you have used to contact QuikPayday? If so, would someone mind sharing the format of the letter. I had several loans with them but am paid off now. However, after finding this site I am now realizing that Arkansas has some laws regarding payday loans that I was not aware of, and their interest rate was too high and Arkansas also does not allow rollovers (assuming I am reading the citation correctly). Thanks for any help!


lrhall41

Submitted by kswesterman on Mon, 05/15/2006 - 12:36

( Posts: 123 | Credits: )


Just write them a letter stating they violated Arkansas law but charging too much interest and that rollovers are not allowed and fax, email and us mail it to them and see what happens. They are refunding to some people but not others. Good luck!


lrhall41

Submitted by CycloneFan on Mon, 05/15/2006 - 13:43

( Posts: 1155 | Credits: )


Hi kswesterman

As per the state laws, the company has to refund you the excessive money charged towards the account. You can write a letter giving the utmost legal importance and share the information given in the link below:

http://legis.wisconsin.gov/lrb/pubs/wb/00wb7.pdf

You can also notify your intentions of reporting the matter to the local AG's office as well as the FTC and the BBB. Many of us here have used the legal means of getting the money back. I hope you will also be able to get the refund back.


lrhall41

Submitted by john on Mon, 05/15/2006 - 13:56

( Posts: 1231 | Credits: )


Is this the same payday company in Delaware? If so, I would like to get a copy of that letter you sent so I can send one. They are saying I still owe them $480 on a $300 loan; which I have already paid $647.50. Please let me know where how to locate the laws for Delaware since that is what their contract states.


lrhall41

Submitted by bkarels on Fri, 05/19/2006 - 14:28

( Posts: 41 | Credits: )


Hi bkarels

Here is what I wrote in the other post regarding this matter:
Quote:


Proper facts are required before putting up a legal case. The company will have to prove in the court with proper details. If they can do it, they can send it to you in writing also, which has not been done in your case yet. You can do the same thing for yourself also. Show your proof of the bank statements and all other details that has been done towards the accounts. If the company fails to put up at the court, the judge will take actions against them for misrepresenting your accounts.

Meanwhile you can go through the books section in this website and pick up the standard letter as per your situation. Cover your basis and keep everything documented in your file for records.


lrhall41

Submitted by john on Sat, 05/20/2006 - 12:55

( Posts: 1231 | Credits: )


Can anyone tell me if payday loans are still banned in Pennsylvania? I saw on the chart someone posted a link to said they were banned in pa but it also said last updated in 1999

Thanks for any info

Also if they are still banned is there anything I can do about the one I have now?


lrhall41

Submitted by on Wed, 05/31/2006 - 02:29

( Posts: | Credits: )


Hi katl8ee

Get the latest info about payday loan business from the Pennsylvania Attorney General office.

As you already have a loan from one of the lenders, it will be better paying it off. The lenders make negative approaches on the consumers who default on their accounts. You will not like to invite any hassles for the later stage.


lrhall41

Submitted by david on Wed, 05/31/2006 - 14:08

( Posts: 1229 | Credits: )