500fastCash Settlement Offer--What do I do?

Do not pay them another dime. Request your refund from them. Tell them that they lent illegally to you and you do not accept their offer. Just crazy that they now want more from you.

they are MTE,sounds like they should refund you.i would respond they are illegal.therefore you reject there stupid settlement.if you filed AG complaints file follow-ups,if not file asap.don't let them try to buffalo you.

Thanks...I figured that I should resend the letter that they have already--they have been reported to the FTC, so should I also give them the case number?

if you have it that might help.

Ok, I sent the letter...but I also need to file a complaint with my AG--I guess in Wisconsin, I need to file that with DFI, which I am doing right now. I thought I had already done that, but I only see my complaint through the FTC.

Yup, I agree with the rest, they OWE you! :?

It's frustrating to me that they would even expect people to pay on TOP of what they already paid in illegal interest.

Ok, complaint has been filed to Wisconsin DFI/Attorney General. They already responded to my FTC complaint, using the same response they sent me. I replied, referencing my original letter, pointing out that I overpaid, and expect my account to be paid in full with a refund. I know that I am fully within my rights to expect that!

500FC is an irritating bunch. I eventually got them to give me a PIF, but gave up on getting the refund. I also have a complaint against them in with the FTC and Wisconsin Attorney General's office, so they're obviously building up a bit of a reputation.

Someone remind me where they are located again....should we be filing with the AG of their state, too???

I have a Miami, OK address for them....did anyone file a complaint with their state AND Oklahoma? If that's what needs to be done, I'll do it right away!

file with there AG and your AG.that should help speed things along hopefully.

I just filed a complaint with the Oklahoma AG, so hopefully that will help us get a fair resolution!

I got a response from Oklahoma--they sent my complaint on, and 500FastCash has until June 5 to respond--sure would like to get this all resolved by then--at this point, I'm still expecting a PIF and a refund.

I got a letter this weekend from the Attorney General of Oklahoma, stating that they are turning the case over to the Commission on Consumer Credit in Oklahoma, so hopefully there will be some progress on this--the PDL still hasn't responded to the BBB complaint and they only have until June 5. What happens if they don't respond? Does my case get dropped?

that is a possibility,wait to see officially what happens.if the case is dropped re-file it.

I got a letter this weekend from the Attorney General of Oklahoma, stating that they are turning the case over to the Commission on Consumer Credit in Oklahoma, so hopefully there will be some progress on this--the PDL still hasn't responded to the BBB complaint and they only have until June 5. What happens if they don't respond? Does my case get dropped?

I got the same information from them when I filed with Oklahoma's Attorney General. I'm also from Wisconsin. Eventually you'll get a letter saying they can't help Wisconsin residents. You'll make more progress through Wisconsin's Attorney General's office.

Thanks for the heads up, WI Guy--I'm working with someone from the Wisconsin DFI on this, so I'm hoping the bases are all covered. I'm just concerned that two of my PDL's haven't responded to any of my complaints yet--it's been about 3 weeks since they were due and my complaints were filed.

oops...that was me. :)

Tell them to send you money by western union.

Ok, so I get a phone call from the folks in Oklahoma, stating that 500fastcash is located on an indian reservation and is out of their jurisdiction. I already had a complaint filed for Wisconsin--I'm surprised that no one from there has responded yet.

Question: Since I already have a BBB case filed against 500fastcash, should I be adding what the Oklahoma AG stated, regarding this company being located on an indian reservation? Or should I just wait it out--they still have 2 days to respond to my BBB complaint.

Well, they finally responded to the BBB complaint. I'm not sure how to proceed with this now--here is their response:

We have already answered this same complaint directly to Ms. ******. We deposited 400.00 into her account at her request for her own use. She was a repeat customer, and was well aware of our terms and conditions BEFORE this last agreement, per recorded communication directly with her.
We offered her a settlement waiving all fees on 05/20. SHE REFUSED. No company gives away funds for free. The settlement is still in effect, we need 280.00 before 06/15/08. She borrowed $400.00 and only paid $120.00 before making her demands. We will not respond to any further re: this matter.

send a reply stating that they have no license to lend whatsoever.therefore you only owe what you borrowed,state the over payment of interest.these MTE places are so ridiculous,if you wish throw this in your letter.

MTE is an illegal lender,it must be there practice to bilk consumers out of a boatload of money.

see how that goes over.

Thanks Paul...I will do that. Boy, it sure appears that my being a "repeat customer" gives them the right to keep all that interest. ;-)

Ya know, I'm still going to push for a refund of what I have overpaid them, but I would certainly settle to just have a PIF and be over and done with it. No more repeat business from me from now on!

If you have sent a C and D letter, call Intercept EFT and speak with Cindy. I am sure that 500FastCash uses them as their processor because they are tied up with UsFastCash and ameriloan and Intercept confirmed that fact for me when I called. I got the same nonsense from UFC and Ameriloan when I sent my complaint to the BBB. It's nonsense. After you talk with the processor send an email off to them to let them know you have done so.

I had already closed my account and sent all the letters to 500fastcash, so they aren't calling me or trying to hit my bank account--thankfully, they are communicating with me through the BBB; so What exactly would I say to Cindy that she could help me with this?

Tell her that you have revoked your ACH with them. Send them (PDL) an email letting them know that Intercept has been informed of your revocation notice.

But I'm not having a problem with them trying to hit my bank account--they're not doing anything other than corresponding with me through the BBB. I guess I don't understand how their processor can help me get a PIF and a refund.

They weren't debiting my account either. I called them to let them know I had revoked with the PDL, they sent them an email and I sent a notice to the PDL that I had spoken with their processor. They are illegal and debit under various dba's. I didn't trust them to not debit my account. I guess they didn't like the fact that I had spoken with their processor because next thing I knew I had a PIF.

Ok, that makes sense--is there an e-mail address for Cindy, or if I call Intercept and ask for her, will they know which Cindy it is?

I am assuming they will. Just tell them what you are trying to do.

[COLOR="Green"][/COLOR[/B[QUOTE][/QUOTE]I recently applied for a loan from 500fc 5/17/2010 and i was very much in need for some money went on money mutual filled out the application my information was being tranferd to all the payday loans that was out there and it so happened that 500fc picked up my information and approved me for 150 my question is did i did the right thing buy accepting the loan should i be worryied or should i just pay them off and never do this again