A response from my state DFI

We have received a letter from the debt collection agency in response to your complaint involving its collection of a payday loan you made online with PayCheckToday.com. The letter is dated April 23, 2007, and states that the collection notice sent to you showed an incorrect balance due of $810, that they have now corrected the balance due. The letter also states that Account Receivable Management (note we had an incorrect business name earlier) sent you an e-mail offering to settle the balance for $390, on January 17, 2007, but that you never responded to that offer.

While the letter does not specifically state this and I cannot be certain, I gather from the last statement regarding the e-mail of January 17 that the settlement offer may still be on the table.

The payment history the company provided compares with, and is apparently accurate, with the exception of one $90 payment PayCheckToday drafted from your account on November 24 but is not reflected on the payment history from the debt collector.

The letter also states that you authorized an "extension" payment of $90 for December 8, which was returned NSF, and that the lender called you about that (no date) and you then authorized a $90 extension fee payment and a $30 NSF fee payment for December 15, 2006. That payment was returned NSF. It states that the lender called you numerous times after that (no dates given), and that you set up a payment in full (no amount given) to be drafted from your account on January 5, 2007, but that payment was also returned NSF. The bank statement you provided shows the amount of that debit was $300.

Please let me know how you would like to proceed.