Eastside Lenders

[QUOTE=djcrossfire01;723236]Here is the email I received from Eastside Lenders, I am in Nebraska..not Delaware..suggestions on a response would be appreciated.

[COLOR=#333399]East Side Lenders is responding to your correspondence regarding the above-captioned account. [/COLOR]
[COLOR=#333399]East Side Lenders, which is located in Delaware, is licensed by the State of Delaware to make small loans. All such loans are approved and funded in Delaware, with repayment to be made in Delaware. The East Side Lenders loan agreement and website contain all disclosures required by Delaware and federal law and make it clear that all transactions are governed by Delaware law. On the advice of counsel, East Side Lenders maintains that the choice of Delaware law as controlling in the loan documents would be upheld, as all of the significant contacts in the loan transaction occur in Delaware. The loan agreement is legal and enforceable. In responding to your correspondence, East Side Lenders notes and reserves all available legal and equitable objections to the points you have raised.[/COLOR]
[COLOR=#333399]East Side Lenders provided this service as a convenience to you. We still consider your loan to be outstanding and are prepared to go to arbitration as provided for in the Loan Agreement between us. As an alternative, if you are experiencing financial hardship, we will be happy to speak to you about payment arrangements through which you can successfully meet your payment obligations. East Side Lenders will consider doing so because of our continuing commitment to servicing our customers and not because of a legal obligation to do so. [/COLOR]
[COLOR=#333399]Should you have any further questions regarding this matter, if you wish to speak about payment arrangements, please contact us at (800) 689-5603.[/COLOR]
[COLOR=#333399]Sincerely,[/COLOR]
[COLOR=#333399]Customer Service[/COLOR][/QUOTE]

that is their form letter.they are full of it,and know it.if you haven't filed AG complaints do so.they are not even legal in DE either so file that complaint and know they will try to buffalo you with BS.don't fall for it.as far as a response goes.this will work.

your interpretation of jurisdiction is laughable and wrong.nebraska law prevails,and am filing complaints with the NE AG.i will not even communicate further you until you actually want to delve in facts not what you think is fact.

anyway that is what i responded with.

Actaully Paul, Eastside Lenders LLC does have a current license in DE, but that still doesn't apply to the original poster.

Thanks, that is pretty much what I have done. Thanks to all the info I found on here, I am more prepared than they think.

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Thanks Paul & Shazzers, my first email "bounced back" so I sent my reply back to the main customer service email address. It will be interesting to see what they respond with. What does arbitration entail? Anyone know?

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Filling out the complaint form w/the AG of Nebr as we speak. I guess this would be a consumer complaint am I correct?

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Thanks Paul! I appreciate all of your help and support, I am so glad I found this site!

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Thanks for checking Shazzers...I sent them an email letting them know that the AG has been contacted.....so now it's a waiting game.

I received the same e-mail several times from Eastside. After much correspondence (see below) my account was turned over to Smith,Haines,Watson and that's another story. You only have to pay the amount you borrowed from them.

[FONT=Verdana][SIZE=2]"In previous e-mails I've requested a physical address where I can MAIL a cashier's check monthly to satisfy my commitment. You indicated I could not stretch out the payment that long and also did not provide me with an address. My phone has been disconnected due to my financial situation. I use computer at library for my personal affairs. I am re-sending you my letter previously sent on July 27th. The response I received stated that I was responsible under Delaware laws. The CFA advised me that the "loan" is governed by the state in which I reside which PROHIBITS payday loans. Please provide me with a REAL ADDRESS, not a post office box.

I can pay $100.00 per month only due to work hours being cut. I need your correct address so I can mail cashier's check. I no longer keep a checking account. Since your company is an illegal lender in the state of new Jersey (see below sent on 7/27), I will only repay the amount borrowed.
[/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]VIA FAX & E-MAILJuly 27, 2009[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2]
[/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]
REVOCATION OF ACH AUTHORIZATION ??? SS#
After undergoing debt-management counseling to consolidate all my debt (and after doing my own research), I learned that internet pay-day loans and pay day loans are illegal in the State of New Jersey. I found the following regarding payday loans in New Jersey in general:
New Jersey State Information
Legal Status: [/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#ff0000][FONT=Verdana][SIZE=2][COLOR=#ff0000]Prohibited
[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]Citation:
Consumer loan act applies but rates as agreed to by contract. N.J. Stat. Ann. tit. 17,???? 1 et seq. However, criminal law sets the usury cap at 30%. N.J. Stat. Ann. ???? 2C: 21-19. A check cashing licensee cannot cash or advance money on a postdated check. N..J. Stat. Ann. ???? 17:15A-47.
Small Loan Rate Cap - 30% per year
Effective immediately, I revoke all ACH authorizations with your company and prohibit you from debiting any of my accounts, per Federal law, Regulation E Section 205.10 Preauthorized Transfers. I have closed my account with Commerce Bank per instructions from The NJ Department of Banking. I also revoke any and all wage assignments I may have signed with your company. I no longer authorize you, your company, or your affiliates to attach my wages or contact my employer for collection purposes. My employer was notified so any attempts to do so will be rejected.[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2]
[/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from the New Jersey Department of Banking. I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan.
Because these loans are not legal in the state of NJ, your company should NOT issue loans to NJ residents at all. I have already filed a complaint with the NJ Department of Banking, and I will file complaints with the BBB, the FTC, and the NJ Attorney General's Office as well.
I will repay the principal of $600. as this is what I am legally liable. Please advise via either e-mail or USPO where I can send cashier???s check for payment. It is my intention to repay in installments of $100.. I shall expect a response from you within 5 days from today so I can clear this obligation. This response may only come via US Postal mail or email. No telephone contact is permitted.
Sincerely,

[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]
CC:
Better Business Bureau
New Jersey Attorney General
Federal Trade Commission[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2]
[/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#2f2f2f][FONT=Verdana][SIZE=2][COLOR=#2f2f2f]NJ Department of Banking
[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2]
[/SIZE][/FONT][FONT=Verdana][SIZE=2][COLOR=#ff0000][FONT=Verdana][SIZE=2][COLOR=#ff0000]I must insist that you cease contacting my employer as I am not permitted to accept personal calls. If you continue, I will contact the FTC and lodge another complaint as well as NJ Dept of Banking.
[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Verdana][SIZE=2][FONT=Verdana][SIZE=2]


Subject: Eastside Lenders
Date: Mon, 31 Aug 2009 16:39:47 -0400
From: [email]teri@centrinex.com[/email]
To:
[/SIZE][/FONT][/SIZE][/FONT][FONT=Arial][SIZE=2]This is a courtesy email letting you know I'm trying to contact you
regarding your payday advance. You still have a balance remaining with our
company. We'd like to set up payment arrangements to help you out. We're
very flexible and can work with payments that are manageable for you,
especially if you need a little time to "catch up". Please contact me
so I know to not keep calling or emailing you. Thank you for your time.
You may call me or e-mail me.


Teri
1-800-689-5603 ext 1390
[/SIZE][/FONT]

I would keep after them. I contacted the BBB, FTC and my AG about East Side Lenders also. I got a response from the BBB initially saying the ESL would accept for me to pay them the original $400 I borrowed. I had already paid them over $1200 at that point, but they continued to take money from my account. I let the BBB know that I did not agree with that settlement. ESL continued to debit my account. I contacted BBB again and continued to send ESL the emails I was sending to the BBB, FTC and AG. Just last week, they actually refunded me $245, which was better than nothing.
Be professional and persistant and you can make it happen! Good luck!