Don't know what to do about this one...

I resent all of my C & D letters via e-mail. I received this reply from Payday Loan Yes


Michelle :

I have read and understand your email. Your email does not forgive your debt
nor will it deflect further collection actions on your loan accounts.

Please reference your loan contract the Loan Note & Disclosure Statement,
the Governing Law section. Listed below is what you agreed to / authorized
when you e-signed your loan contract.

Governing Law:

"Both parties agree that this Note and your account shall be governed by all
applicable federal laws and all laws of the jurisdiction in which the
LENDER is located, regardless of which state you may reside, and by signing
below or by your electronic signature, you consent to the exclusive exercise
of regulatory and ad judicatory authority by the jurisdiction in which the
Lender is located over all matters related to the Note and your account,
forsaking any jurisdiction which either party may claim by virtue of its
residency".

I am in the position to offer you a loan payoff as listed below to close
your loan account.

As of today, your total account balance is $650; loan payoff is for $400,
payment arrangements are for two (2) payments $200 due on 06-12-09 and
06-26-09, this will close your loan account. Payment method is Visa or
MasterCard debit/credit only. See your payment instructions listed below.

Payment Instructions

* You can call or email me with your card information today. If you
choose to call me my contact information is listed below
* To confirm this loan payoff you will need to provide your Visa or
MasterCard debit or credit today, see payment form listed below.
* Since payment is a time sensitive matter, your prompt payment
confirmation remittance will avoid further collection actions

This is a loan payoff, meaning once you confirm this payoff by providing
your card information, your account will then be removed from the
collections process, your balance will be frozen and no further charges will
be assessed on the loan balance as long as you follow through with the
agreed arrangement.

Regards,

Karen Lamb
Advanced Collections
800-654-7444, Ext. 846
Office Hours Monday thru Friday
8:00 A.M. to 5:00 P.M., EST


How should I handle this? Just reply back "According to MS law a lender MUST BE licensed in MS to lend to MS residents. Please supply me with your license number if you are in fact licensed to lend in MS." I mean I've overpaid the principle...