is CMG MArketing a liscense PDL

Date: Mon, 10/12/2009 - 10:55

Submitted by anonymous
on Mon, 10/12/2009 - 10:55

Posts: 202330 Credits: [Donate]

Total Replies: 6

This is the letter is SOME of their resposne letter:
The information that you have collected online does not apply to your situation, you are referring to check deferment. It is our opinion that it does not apply to our internet business model. This is based on sound advice from our legal department.
The money was lent to you in good faith with the understanding that you would abide by the terms detailed in your loan contract. We upheld our end of the agreement by crediting the funds to your account in a timely manner. The Loan Note and Disclosure that you e-signed and thereby agreed to is very detailed and clear so as not to cause any confusion to the borrower, and meets all the Truth-In-Lending and Reg Z requirements as prescribed by Federal statute.
Upon review of your account history, you clearly knew all terms and conditions of your loan. We have all the legal contracts you signed, in which you agreed to terms and conditions of the loan.
Please be advised that if you should stop deductions through your bank, your account will be submitted to an outside collection agency

CMG is an unlicensed illegal pdl.that letter is a form letter al

CMG is an unlicensed illegal pdl.that letter is a form letter all illegal pdl's use it seems.your state law applies especially internet pdl's.

lrhall41

Submitted by paulmergel on Mon, 10/12/2009 - 10:57

( Posts: 15514 | Credits: )

[QUOTE=Anonymous;482716]This is the letter is SOME of their resp

[QUOTE=Anonymous;482716]This is the letter is SOME of their resposne letter:
The information that you have collected online does not apply to your situation, you are referring to check deferment. It is our opinion that it does not apply to our internet business model. This is based on sound advice from our legal department.
The money was lent to you in good faith with the understanding that you would abide by the terms detailed in your loan contract. We upheld our end of the agreement by crediting the funds to your account in a timely manner. The Loan Note and Disclosure that you e-signed and thereby agreed to is very detailed and clear so as not to cause any confusion to the borrower, and meets all the Truth-In-Lending and Reg Z requirements as prescribed by Federal statute.
Upon review of your account history, you clearly knew all terms and conditions of your loan. We have all the legal contracts you signed, in which you agreed to terms and conditions of the loan.
Please be advised that if you should stop deductions through your bank, your account will be submitted to an outside collection agency[/QUOTE]

lol They better get a second opinion because THEIR opinion doesn't trump the federal law.