Response from East Side Lenders - Please Advise
I'm sure frogpatch will be around to help you with this, but, wa
I'm sure frogpatch will be around to help you with this, but, was this an installment type of loan or a payday loan?
This was a payday loan, illegal in florida from what I understan
This was a payday loan, illegal in florida from what I understand.
Well, based on their letter, it seems as though they are trying
Well, based on their letter, it seems as though they are trying to make it out to be an installment type loan, I read where they stated "small loans" which leads me to believe they're avoiding saying "payday loan". Without researching this, if my memory serves me correctly, seems like they need to be licensed in your state in order to lend legally to FL residents, am I correct?
Yes, they need to be licensed in Florida, this is definetely not
Yes, they need to be licensed in Florida, this is definetely not an installment loan. The only installment loan I am with is Think Cash.
Ah OK, I was searching and found this post made by Cannr: hel
Ah OK, I was searching and found this post made by Cannr:
helen, you go! You are so on top of it! Have you seen your Florida laws so you know what the pdl law limits are? And, two I know of that are illegal are Eastside Lenders (they're just insane) and BIG (oh, totally illegal). CashNet I think is licensed somehow (?). But, you've already got the ball rolling! Awesome! And frogpatch is an awesome member who also resides in Florida. I'm sure he can give you some great tips! Do you know who to file your complaints with? I always tell people the BBB, the FTC, and your state AG.
http://www.debtconsolidationcare.com/paydayloan/bbb-claims.html
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they tried that with me too.they are not licensed period.that is
a bunch of BS.do as i did ask for there license# i bet they won't give it.want to know why,they aren't licensed at all.
Do you have the documentation that you sent them? What was your
Do you have the documentation that you sent them? What was your final outcome with them?
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i just drafted a letter from the examples here,but customized it to my state.my AG got involved in the end though.this and other places just don't care about the fact that they are illegal.
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actually,my AG told me the loan was considered PIF because of
there responses to her request to work with me on getting the
150.00 i still owed paid.they insisted i owed 610.00 and wouldn't budge so my AG got serious and they went away.i don't know about how it will work in FL.
So I sent a response to her response and here is what I got.. Pr
So I sent a response to her response and here is what I got.. Pretty funny i think. Please tell if you think I should respond, and if so with what, I have already filed with BBB and the FTC.
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DID YOU NOT READ WHAT I SENT! WE DIDN'T LOAN IN YOUR STATE, WE LOAN FROM DELAWARE! HAVE A GREAT DAY!
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From:
Sent: Monday, July 28, 2008 2:27 PM
To: Valerie K.
Subject: Re: EAST SIDE LENDERS
Hello,
While I look forward to resolving this matter with you, as stated in my note below I will only maintain contact with you through USPS Mail or E-mail.
As you are not licensed to lend in my state, I will only pay what is left on my loan via Money order Payments (please provide a mailing address). All Money that has been paid should be applied to the $300 Principal.
I have also filed a complaint with the BBB as well as the FTC.
Please also provide your Delaware License # so that I may address your licencsing board as well.
Thanks!
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i would tell them that you are sending that wonderful response
to the FL AG.then do it.