Response letter from Arrowhead financial

Date: Mon, 07/28/2008 - 09:18

Submitted by anonymous
on Mon, 07/28/2008 - 09:18

Posts: 202330 Credits: [Donate]

Total Replies: 7

We did receive your fax revoking authorization for us to debit your checking account and also to send all correspondence via email or USPS. I have attached the documents of our original loan agreement. Your letter states that we solicited you for the loan. However, you searched us out, applied for our services, and then electronically signed the attached series of documents before we even received you application. In those documents(pg. 4 - Governing Law clause) your agreed to waive laws made by your state and agree to be governed under laws in the state where the lender is located. Your total balance with us is showing $325. Arrowhead offers to settle your account in the amount of $200. Please respond and let us know if this is acceptable. If not, we will have to make some alternate arrangements.

Thank You,
Dennis ext.112

4 - Governing Law clause) your agreed to waive laws made by your

4 - Governing Law clause) your agreed to waive laws made by your state and agree to be governed under laws in the state where the lender is located.

They all say that, your state law prevails.

lrhall41

Submitted by Shazzers on Mon, 07/28/2008 - 09:31

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Oh wait, what state are you in?

lrhall41

Submitted by Shazzers on Mon, 07/28/2008 - 09:32

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California

lrhall41

Submitted by on Mon, 07/28/2008 - 09:37

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Yup, tell them your state law prevails.

lrhall41

Submitted by Shazzers on Mon, 07/28/2008 - 09:43

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Where can I get proof to show them that thats the case?

lrhall41

Submitted by on Mon, 07/28/2008 - 09:44

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Arrowhead sent me the same letter a while back and I told them t

Arrowhead sent me the same letter a while back and I told them to show me where I signed that agreement and they could not produce one. I told them that my state laws prevail and I will only pay the amount that I borrowed from them no more and no less.

lrhall41

Submitted by wssu92 on Tue, 07/29/2008 - 11:31

( Posts: 510 | Credits: )

Great information here. I am finding all kids of stuff. Who shou

Great information here. I am finding all kids of stuff. Who should I contact to see what I owe if anything since I refinanced over and over again? I reside in California.

lrhall41

Submitted by Aloha Kitty on Thu, 10/22/2009 - 16:56

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