You are about to be freed!!!!!
Date: Mon, 11/29/2010 - 11:41
Well, there's good news and better news. The Good news is, in order to loan money out as an (online payday loan) company, you have to have what's called a DFI number. This number is state by state regulated, but gives a company legal right to provide online Payday loan services. I went through the exact hell, that the rest of you went through, but decided to do a list of homework about this company after no positive results, etc, etc.
I live here in Washington State. I had checked with the BBB, Attorney General, the RCW, as well as the complete State legal listings. Come to find out, ZiP-19 does not have a DFI license to operate within the State of Washington. Here is the actual cut & pasted bullet from the RCW;
??? Any payday loan obtained from a lender not licensed with the DFI, and not repaid to the lender may not be collected by lender and the lender may not pursue action in Washington State to collect the debt. See RCW 31.45.105.
So..... after I had sent a responding email with the current info, etc, etc. Both Zip-19 / Northway Corp. emailed me two PDF's. One stating their Malta & European laws. They actually stated, that they are not bound by the laws of Washington State..... idiots!!
Anyway, The better news is....... You DO NOT, repeat.... DO NOT!!!! have to repay Zip-19 aka: Northway Corp. Unless by some far off fat chance, that your state's law says otherwise.
I have a complete detailed email document that I made in order to settle this business. If you would like a copy, please email me with the following subject, so that I don't think it's spam. ;-)
subject: Zip-19 Doc help
Email removed for your protection: KS Cornell
I live here in Washington State. I had checked with the BBB, Attorney General, the RCW, as well as the complete State legal listings. Come to find out, ZiP-19 does not have a DFI license to operate within the State of Washington. Here is the actual cut & pasted bullet from the RCW;
??? Any payday loan obtained from a lender not licensed with the DFI, and not repaid to the lender may not be collected by lender and the lender may not pursue action in Washington State to collect the debt. See RCW 31.45.105.
So..... after I had sent a responding email with the current info, etc, etc. Both Zip-19 / Northway Corp. emailed me two PDF's. One stating their Malta & European laws. They actually stated, that they are not bound by the laws of Washington State..... idiots!!
Anyway, The better news is....... You DO NOT, repeat.... DO NOT!!!! have to repay Zip-19 aka: Northway Corp. Unless by some far off fat chance, that your state's law says otherwise.
I have a complete detailed email document that I made in order to settle this business. If you would like a copy, please email me with the following subject, so that I don't think it's spam. ;-)
subject: Zip-19 Doc help
Email removed for your protection: KS Cornell
Hi guest, Thanks for the information. Zip19 is indeed illegal i
Hi guest,
Thanks for the information. Zip19 is indeed illegal in all the states in the US. But, just to let you know, you have violated the TOS of this site by posting your email address here. This is a public forum, so please remove your link. If anyone wants to have the document, they can ask you here and then, you can send them a PM.
what about when they sell the debt to a collection agency and th
what about when they sell the debt to a collection agency and that collection agency reports it on your credit report?
Since the original loan from Zip19 is an illegal one, so you can
Since the original loan from Zip19 is an illegal one, so you can easily dispute the entry on your credit report by the collection agency. It will be removed.