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love letter from Ameriloan

Date: Mon, 07/03/2006 - 13:04

Submitted by krussell1970
on Mon, 07/03/2006 - 13:04

Posts: 56 Credits: [Donate]

Total Replies: 110


I just received a lovely email from ameriloan refusing to mark my account as paid in full. They are willing to settle. Honestly, I can't decide if it is worth it to fight them (they're not licensed in this state, and have charged way too much interest even if they were, and have rolled my loan over six times...) or just to pay them what they think I owe ($80).

At any rate, here's the most interesting part of the email:


Quote:
We have identified your posts on a debt consolidation website and have turned this matter over to our Fraud Investigation Company. They have told us your letter has been sent to other companies they deal with for accounts that you and your husband Darren Russell hold.


And they enclosed a cute little document for me to sign and return to them. The most interesting part of that document is this:

Quote:
I agree that all previous payment authorizations are valid and direct my bank to honor them.

I agree to give up any right I may have to make any complaint to any court or government agency regarding my account with AMERILOAN.


Um, hello? I might consider settling but I won't let them have access to my account. And I certainly won't give up my right to complain about them to my state's attorney general!

Anyway. Interesting scare tactics. And hey Ameriloan, thanks for providing me with about 10 minutes of free entertainment this afternoon!


Good that you are not nervous!! Most people get scared of such scare tactics. You are sure that ameriloan is not licensed in your state and have charged more than the allowed state laws. You hold the legal stand in such case. I would like to talk to an attorney and know how he can assist you in this regard.


lrhall41

Submitted by anthony on Mon, 07/03/2006 - 13:21

( Posts: 456 | Credits: )


Quote:

A. No person may engage in the business of making deferred deposit loans without first obtaining a license pursuant to this act, unless exempt under subsection B of Section 3 of this act. A separate license is required for each location where deferred deposit loans are made. The licensee shall post its license to engage in the business of making deferred deposit loans at each licensed location.
B. The Administrator may initiate administrative action against an unlicensed person as if the person held a license under this act if the person is found to be engaged in the business of making deferred deposit loans.
C. The Administrator may issue a license for each location at which deferred deposit loans are to be made to any person making deferred deposit loans at multiple locations; provided, if such licensee is not in compliance with this act as to each license, any action to revoke, suspend or not renew one license shall be applicable to all licenses issued to that licensee. This subsection shall not be construed to require a license for any place of business devoted to accounting or other record keeping and where deferred deposit loans are not made.
D. When a licensee wishes to move a licensed location to another licensed location, the licensee shall give thirty (30) days' written notice to the Administrator, who shall amend the license accordingly.


http://www.okdocc.state.ok.us/TITLE59/chapter47ddl.php

If anyone needs to be turned in for fraud...it is AMEILOAN!


lrhall41

Submitted by polly on Mon, 07/03/2006 - 13:30

( Posts: 1709 | Credits: )


I searched the state attorney general's website/database (which is where the license would come from) so I'm positive they're not licensed in my state. And payday loan companies are only allowed one rollover and a charge of 20% interest in this state. My state's attorney general even has a payday loan related-complaint form online.

I didn't demand an interest refund at first--maybe now is the time?

Anyway, I'm feeling a bit like Big Brother is watching me. I hope ameriloan didn't see me in my pajamas, slurping down coffee while on my exercise bike this morning!


lrhall41

Submitted by krussell1970 on Mon, 07/03/2006 - 13:33

( Posts: 56 | Credits: )


Polly, I'm in Colorado. Oklahoma's laws sound similar!

I was surprised to find the database at the attorney general's website too... but here's the link, just in case anyone needs it in the future.

I'm not picking my nose right now, but I hope they don't see me sitting in front of the TV all vegged out tonight! :)

Edited to add link, I hope!
http://www.ago.state.co.us/UCCC/ucccdata/ucccinput.cfm


lrhall41

Submitted by krussell1970 on Mon, 07/03/2006 - 13:49

( Posts: 56 | Credits: )


Well, now they're threatening to turn me over to their "legal department" because I posted snippets of their email to me up above. Funny, I thought their little disclosure was supposed to protect ME, not THEM.

At any rate, at what point does this treatment equal stalking and harassment?

Hey ameriloan? How about you send me a check for $280 in interest overages from March to present ($360 minus the $80 you think I owe you). I'm a nice kid--I'll forgive the interest overages from October to February. Smooches!


lrhall41

Submitted by krussell1970 on Mon, 07/03/2006 - 15:16

( Posts: 56 | Credits: )


Tell ameriloan to bite you! Ok, I'll do it for you...

Ameriloan, bite me!

You are frauds, frauds, frauds! Go ahead please sue me, I am begging you! LOL
They wouldn't dare step foot into any courtroom in this country because they know their happy arses would get thrown in the pokey!


lrhall41

Submitted by polly on Mon, 07/03/2006 - 15:45

( Posts: 1709 | Credits: )


No they are not licenced in any state. ameriloan, Rio Resources, United Cash, they are all the same. Rio actually uses a residential address in the friggin Caymen Islands and a phony registered agent in New Mexico. They paid 100 bucks for it! Anyone can buy it from this website that advertises how to hide one self and their assets. There is a whole book to buy!


lrhall41

Submitted by polly on Mon, 07/03/2006 - 16:05

( Posts: 1709 | Credits: )


I cannot belive these people. They know that you are in the right. Why else would they want you to give up the right to sue them? I would like to see all of these places took down. Some people I guess are dishonest and do not pay back, however, i guess I was one stupid person. I paid and paid. Are One Click Cas and United Cash in with Rio? Just wondering. Good Luck Dont be intimidated...KYSIDE38 :D


lrhall41

Submitted by KYSIDE38 on Mon, 07/03/2006 - 16:28

( Posts: 2477 | Credits: )


It boggles my mind that these companies have nothing better to do that stalk people around open debt consolidation forums. Would a legitimate business actually do that? It seems that ameriloan wants you to settle on their terms with NO protection for yourself. We will agree to settle at this amount if you agree not to ever file a complaint against us. What are they truly afraid of? I guess they don't want to be found out for what they truly are, loan sharks. If they are not licensed and following state rules, then they DO have something to worry about. I would file complaints against them immediately with the BBB, attorney general's office in your state, Oklahoma, Nevada, as well as the FBI. This is basically cyber stalking.


lrhall41

Submitted by on Tue, 07/04/2006 - 04:56

( Posts: | Credits: )


You guys crack me up! This is beginning to remind me of a Monty Python movie.

I'm most surprised that they'd tell me they'd be willing to settle with me but then try to get me to sign something saying they could debit my account for the full amount they consider due. Do their average customers agree to this? Are they just trying to see if I'm paying attention?

At any rate, I'm trying to decide what my next move is. My bank is compiling a list of all the ameriloan debits to my account from October to present. Once I have that info I feel like I have two choices. I can approach Ameriloan again and demand a refund check, or I can just cut to the chase by contacting my state's attorney general and providing the emails and account details.

My husband and I also wrote letters to OneClickCash and United Cash Loans. I haven't heard from them even though I emailed and faxed the letters the same day as the letter to Ameriloan. I'm wondering if they're floating this balloon and I won't hear from the other companies until this is settled.

Hey Ameriloan, how's the "legal department's" investigation coming?


lrhall41

Submitted by krussell1970 on Tue, 07/04/2006 - 07:21

( Posts: 56 | Credits: )


OK, this really has my attention! I'm in Colorado too and have 4 internet PDLs that I'm wondering if I can fight...Ameriloan, United Cash, Paycheck Today, and the Money Store. They each have the multiple-rollover option and charge more interest than it appears they are legally able to...but I'm having a hard time verifying the legal stuff online. Does anyone have a definitive answer on these companies? Links? Advice?


lrhall41

Submitted by razmom on Tue, 07/04/2006 - 10:26

( Posts: 10 | Credits: )


Hey razmom! I'm so thrilled to hear from someone else in Colorado. I also have loans with ameriloan (who I'm currently fighting) and United Cash (who I've notified to stop using my account, but haven't gotten back to me about a settlement...).

Do you still have the documents that have your account numbers? That's where I started.

Payday loan laws are under Title 5 (Consumer Credit Code), then Article 3.1, the Deferred Deposit Loan Act.

I compared my loan documents to what is legally allowed in the state of Colorado. I found several spots in the loan documents that are ILLEGAL in the state of Colorado!

Then, I did searches to make sure the lenders I'm dealing with aren't licensed in Colorado. You can search by going here:
http://www.coloradoattorneygeneral.gov/

Lastly, my husband and I wrote this letter:
http://forums.debtcc.com/forums/about12500.html
We modified each one to include the specific loan company's name, address, etc... For us, it was very important to revoke authorization to access our account. Because we did that, our bank was then able to stop all subsequent ACHs from the companies.

Ameriloan uses scare tactics, as you can see. Don't be scared and know that Colorado actively prosecutes illegal internet payday lenders! For example, in March, the state of Colorado settled with quikpayday.com for $2 million dollars!

Hope this was sort of clear. Let me know if you have questions!


lrhall41

Submitted by krussell1970 on Tue, 07/04/2006 - 10:47

( Posts: 56 | Credits: )


I've heard good things about Cheerios and blood pressure. Now that I know that it's gone that high, both doctor and husband insisted that I eleminate all salt, red meat, dairy, and eggs from my diet, no more No-doz before work, and Frank told me that if it's my job that's doing this, he'd rather have me sacked than dead. He doesn't care if I get the axe anymore. He even bought me some blood pressure control supplements online, and a digital bracelet that will monitor the pressure.


lrhall41

Submitted by Jedi Mistress Ari on Wed, 07/05/2006 - 19:28

( Posts: 2192 | Credits: )


Oh no Ari!! Why wait until the company decides it's time for you to be finished there - leave! No job is worth your health. That is why I'm sending my resume to EVERY I see as a potential 2 year career (until the time comes when I'm debt free and out of this place). And yes, eat those cheerios!


lrhall41

Submitted by Ehwin on Thu, 07/06/2006 - 06:19

( Posts: 139 | Credits: )


Ari, maybe your employer could give you off a few hours every day for yoga and meditation? Never worked for my high blood pressure, but hey, maybe it would for you. :)

I'm really not sure what's going on with ameriloan (Hi, Ameriloan! Have a great day!), OneClickCash, or United Cash Loans. We've now heard from all three of them, and all three have refused to mark our accounts paid in full. Plus, all three have said we're being investigated for fraud due to my posts here.

So we worked with our bank to compile lists of how much we've spent in the last year on just those three companies. Wow, I was astounded! Last night we sent cute little Excel spreadsheets with the details, then asked them for refund checks that were quite a bit less than what we've paid. I thought we were quite fair. :)

I've already filled out the necessary paperwork to file complaints with the state attorney general's office. If we don't hear from the payday loan companies by Monday, we'll be sending a big packet with bank records, emails, and even my postings here to Mr. John W. Suthers and his assistants.

Next in our sights? Bahamas Marketing Group. And wow, they owe us a ton of money!


lrhall41

Submitted by krussell1970 on Thu, 07/06/2006 - 09:24

( Posts: 56 | Credits: )


I sit and think about what kind of people are working at these companies. Sometimes, it sounds like they are calling from a airport. I just wonder. Are they at a ballgame calling? I would like to know. Do they even have offices? You just never know about human beings anymore. I enjoy this forum. I cannot believe that this much attention is drawn to the matter. This forum must be putting a kink in these payday lenders lives. I know it is. All you have to do is say "Attorney General" and they freak out. Just stop bothering you all together.


lrhall41

Submitted by Gallopy on Fri, 07/07/2006 - 12:44

( Posts: 41 | Credits: )


Gallopy, my favorite is the PDL that I called and they answered the phone, "Hello?" That's professional. I was like "Uhhhhhh ok?"

YAY LIZ! :) I'm glad you're going to be back online soon! :) We miss ya in chat.

Sorry I haven't had a chance to call. Things have been INSANE around here...Talk to you soon though.


lrhall41

Submitted by Jessi on Fri, 07/07/2006 - 17:47

( Posts: 3361 | Credits: )


Hey ameriloan, since we all know you are so enthralled with this forum, why not put your extorted money where your fat mouth is and answer some VERY serious allegations which have been leveled against you not only in this (and I'm sure other forums) but also in legitimate business correspondence with your customers, as well as consumer complaints to governmental bodies?

It is easy to send out threatening emails based on bad advice from a community college para legal, but when people are clearly laying out the laws YOU MUST ABIDE by, you try to offer settlement and strip rights while maintaining the ability to debit accounts at any time regardless if the account is paid or not? Please! I cant believe anybody would be so stupid as to put that "offer" in witting, and then get upset when it was shared with others.

I am not now, nor have I EVER been a customer of ANY PDL/STL lender who operates on the Internet. I personally feel it is a grave mistake for ANYONE to even take on these loans. I feel empathy for those who have fallen into this trap and will continue to help educate them on the consumer and civil rights and help them understand how to enact and protect those right against extortionist lenders.

SO, do you have testicular fortitude to face the public or will you continue to hide behind e-mails?


lrhall41

Submitted by LCW on Fri, 07/07/2006 - 19:51

( Posts: 1151 | Credits: )