Crazy Letters
Date: Fri, 09/21/2012 - 03:30
Okay so I've been having troubles with MyPayDayLoan, I received two emails from them so far,
The First:
Dear X,
As of today, your account has reached the maximum amount of time allowed for our in house collections. As a result, your account is now in the process of being forwarded to an Outside Collection Agency. Once this process is complete and we have determined which agency will be handling your account, you will receive an additional email with contact information for that agency. We regret that we were not able to make arrangements with you.
Thank you,
Collections for Mypaydayloan.com
1-888-269-2303
Monday -Friday 9am–6pm EST
Saturday 10am-2pm EST
As you are aware, we offer our loyal customers the opportunity to borrow up to $1000 through our step up program. This means that each time you successfully pay off your advance, your maximum advance amount increases by $100.00. Since your account has entered into our Collections Department, this option will not be available to you on your next advance. Your maximum advance amount will be reduced to or remain at $300.00. Keep in mind, however, if you do not default on your next advance then you will begin the step up program again.
The Second
Dear X,
Your account has defaulted to our collections department for non-payment your bad check has been reported to Contribution, a service of SCAN. Being listed in this service prevents check writing at major retailers, such as Wal-mart, Target, etc. Once reported this will make applying for additional advances, or checking/savings accounts at financial institutions nearly impossible.
This, of course, can be remedied by making at least the minimum payment on the advance in which we extended to you in good faith. Once your payment is received your account will be removed from Contribution. Continuous refusal to make good on the advance will result in the account being turned over to an outside collection agency for full recovery plus up to an additional 35% of the advance amount charged for fees and services.
If you have any questions, please feel free contact our agency by responding to [email]collections@mypaydayloan.com[/email] or by calling 1-888-269-2303 ext 2.
Now today would have been my first missed payment, and they debited my bank account for 2 payments of 120, my original loan was 400 and i paid 360 in fees leaving me with 40 more to pay. Now I'm not worried about the charges as my bank received my ACH revoke for this company and will help me reverse it however I'm just really angry at this company for continuing to threaten me. So far I can find nothing of a company called Contribution, is it even a real company or are they just full of bullshit?
The First:
Dear X,
As of today, your account has reached the maximum amount of time allowed for our in house collections. As a result, your account is now in the process of being forwarded to an Outside Collection Agency. Once this process is complete and we have determined which agency will be handling your account, you will receive an additional email with contact information for that agency. We regret that we were not able to make arrangements with you.
Thank you,
Collections for Mypaydayloan.com
1-888-269-2303
Monday -Friday 9am–6pm EST
Saturday 10am-2pm EST
As you are aware, we offer our loyal customers the opportunity to borrow up to $1000 through our step up program. This means that each time you successfully pay off your advance, your maximum advance amount increases by $100.00. Since your account has entered into our Collections Department, this option will not be available to you on your next advance. Your maximum advance amount will be reduced to or remain at $300.00. Keep in mind, however, if you do not default on your next advance then you will begin the step up program again.
The Second
Dear X,
Your account has defaulted to our collections department for non-payment your bad check has been reported to Contribution, a service of SCAN. Being listed in this service prevents check writing at major retailers, such as Wal-mart, Target, etc. Once reported this will make applying for additional advances, or checking/savings accounts at financial institutions nearly impossible.
This, of course, can be remedied by making at least the minimum payment on the advance in which we extended to you in good faith. Once your payment is received your account will be removed from Contribution. Continuous refusal to make good on the advance will result in the account being turned over to an outside collection agency for full recovery plus up to an additional 35% of the advance amount charged for fees and services.
If you have any questions, please feel free contact our agency by responding to [email]collections@mypaydayloan.com[/email] or by calling 1-888-269-2303 ext 2.
Now today would have been my first missed payment, and they debited my bank account for 2 payments of 120, my original loan was 400 and i paid 360 in fees leaving me with 40 more to pay. Now I'm not worried about the charges as my bank received my ACH revoke for this company and will help me reverse it however I'm just really angry at this company for continuing to threaten me. So far I can find nothing of a company called Contribution, is it even a real company or are they just full of bullshit?
You can either respond to it or ignore it. Dear Mypaydayloan
You can either respond to it or ignore it.
Dear Mypaydayloan
You know as well as I do that you do not have a license to collect in the US. Thus, the contract I signed is null and void...all I owe you is $40 of the remaining princple. If you choose to send me to collections, I will immediately dispute the loan as "dirty" and will cease and desist the collection agency. So do yourself a favor and admit defeat and quit wasting your time making idle threats.
