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Cash Today Limited-Who is responsible-A detailed discussion

Submitted by on Fri, 10/14/2005 - 12:07
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I am hearing that cash today is under uk laws and that they do not abide by us laws and basically they do not call under the fdcpa but i recieved an e-mail from the bbb that responds to complaints on uk customers and this is what was said:

Thank you for your complaint about cash2day4u.com.

Trust UK is the e-commerce standards agency. As such, it approves the codes of subscriber & membership bodies and hears complaints about webtraders based in the UK. It does not maintain records of all those engaged in e-business in the UK.

I have spoken to my colleague Daniel Landes regarding this, and have looked at the website myself. Unfortunately I note after reading through the company's terms and conditions on their website that they fall under the judiciary of the USA. This is clear in the second paragraph where it states “It shall be governed by the Federal Arbitration Act, 9 U.S.C. Sections 1-16” – this law is not relevant to the UK and as such does not have any bearing. This dictates that this company should be judged under US law and not UK. Further to this I would be weary of the credibility of the letter that has been received from an ex-employee of said company. I've looked at heathmill.com and this is a marketing consultancy and does not appear to be anyway related to cash2day4u.com.

I regret therefore that we are unable to help you and the best point of contact to try to resolve this query is the FTC in Washington (www.ftc.gov/). However Daniel has forwarded on your complaint to the Scambusters division of the OFT (the official regulatory body for such matters) here in England and they will be in touch if there is anything that they can do.

Rest assured that we are doing as much as we can to help you in this matter.

Kind regards,
Peter Trinder
Trust UK


So who really is responsible! who will help us!!this is a sad situation and i hate that i and many other people fell into this hell hole!

[color=red][size=2][Link made inactive as per forum rules-Vikas][/size][/color]


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i am an employee cash2day ltd. i just started so i am not goin on their side. but cash2day is based in london. wot i sugest to everyone is dont agree terms and conditon if u dont understand them. they could be a rip off company but i can say they are 100% legal. i think wots totaly wrong is cash2day has loads of people who cant speak good english. if u dont understand the person u talkin to ask to speak to somebody els. i have started there about 2 weeks ago and all my costumers are happy but before i send the money to their account i make sure explain everything n they can contact me netime. i would be more than happy to help investigatin for this company because i dont want to work them if they that bad


Submitted by on Mon, 01/09/2006 - 17:17

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I have tried calling Interimcashltd about my loan, they will not work with me. If the money is tried to be taken from my checking account they will find a stop payment. I am trying to work with them but the none english speaking lady was not willing or either she does not understand plain english.


Submitted by on Thu, 01/19/2006 - 05:42

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I've received several loans from Cash2day. I don't like using them, but If you call 3 days prior to when the loan is due, then they will take the full amount of payment. My problem is that the loan limit is $200 and they charge $39.50 on every $100, but everytime I ask them to take the whole amount, they do. I always call the 800-680-2177 number and hold the line or press '0' to speak to someone. If a answering machine comes on, I just hang up and call back until someone answers.


Submitted by on Mon, 01/30/2006 - 13:27

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I arranged payment arrangements but ive noticed everyone says I should get these in writing. I'm in a significat hurry to get these paid off (my family might kick me out if this isnt handled quick enough) If I had them email me confirming this would it still have the same power as if I had them send a physical letter? I'm only concerned with this because the mail at my house takes 2-4 weeks instead of days.


Submitted by on Fri, 02/03/2006 - 12:29

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CarlaW, basically, the important thing is to have some proof from the company about the agreement made. If mail takes longer time to reach you, than email can be preferred at such situation. You must have some available proof of the actions taken so that your part explains everything.


Submitted by john on Fri, 02/03/2006 - 12:52

john

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Does anyone know if this company is linked with Cash Today and ICS? I have a loan out with them for $200. They have been taking different amounts than what I agreed to since beginning the loan. Once it was $90, another time $45. I have put a stop payment on it, but they find a way around it. I have even tried closing my account, but they won't do it unless I dispute the claims. Can I dispute them if I still owe on the loan? How do you get in touch with these people? Any insight would be very helpful. Thank you.


Submitted by on Wed, 09/20/2006 - 14:20

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ICS is indeed closed....let me put some light on this topic

Cash2day or any other company linked to it is a payday loan company and all the sales made are over the phone. So there is nothing in writing. Everything is verbally recorded. Basically its a verbal agreement which you make with the company. If you need a copy of the agreement you can always call em up and ask it to be played to you and you can record it.

Now the calls can be stopped at your work place provided you call up the company and make some sort of arrangement.

The processing fee is different for every plan you sigh yourself to. If you have sight yourself on the new plans the fee will reduce by $5 every payday and there is a threshold which is $40. If you miss a payment its can be or has to be paid at a later date.

The company works from UK and everything is as per UK jurisdiction. The company can really sign customers for wage garnishment but the cost involved is tremendous as they would have to actually send a lawyer from UK to US to file a suit. If you have defaulted a lot they can give you discounts and offer to bring down the balance. I would say if you dont default in the first place they wont have to ever call you and all calls will be from customers end.

The company is always ready to work things out with customers provided they call them and open their heart out.

See there all people who know about payday loans and just want to take loans and run away with the money so company cant really trust anyone. They mean business. It gives people who need money but also wants it back as its not a charity.

Its not about money its about principles...if you take money from someone so eventually have to pay it back to them.

First of all its gives loan to people who have a bad credit rating so the fact should be appreciated and customers should be paying it back.

I'm saying all this because I work there. Now that doesnt mean I'm on company's side. I do feel bad about customers who are harassed and its wrong. I personally will never do that. If cust has to pay he/she will pay no matter what.

I hope this information helps.


Submitted by on Wed, 10/01/2008 - 16:14

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