Response from Payday One from BBB
Date: Sat, 12/05/2009 - 13:10
This company is NOT legal to lend in KY. I have filed complaints with the FTC and Ky dept of finance. This is the response they gave the BBB --- " We maintain DE law applies" is what their statement was in their response. They offered a settlement of $400 -- I rejected and stated AGAIN they are illegal in KY under any loan terms... in KY you must have a liscence to lend in this state. They did agree to pull my phone number from being contacted ever, and not to ACH my account (got it in writing). However, they stated I "could be turned over to the credit reporting agencies"....
Let em' turn you over to a CRA, all you will need to do is dispu
Let em' turn you over to a CRA, all you will need to do is dispute you on the grounds the loan was illegal to begin with.
the "consumer reporting agencies" they are referencing are not e
the "consumer reporting agencies" they are referencing are not equifax, experian, or trans union, but companies about as shady as "payday one" themselves. The FCRA would become the draconian law from hell to a CRA if it started reporting illegal loans. No legit. CRA would want this.
