Overseas PDLs
The only PDL company I still owe
Date: Sat, 04/16/2011 - 10:37
Overseas PDLs
The only PDL company I still owe money to is Advance Me Today. I closed my bank accounts and sent out the letter, but they are refusing to work with me. I resent the letter, and this was their response:
This is a St. Vincent company. St. Vincent and the United States are both parties to the General Agreement on Trade in Services, a treaty which specifically permits companies in one country to make consumer loans to citizens of the other. Under the treaty, we are only obligated to follow the federal laws of the United States. We are not required to obtain licenses and individual state laws do not apply since the federal laws adopting this treaty supersede any state’s laws on the subject.
Please contact our Recovery Department at 888-408-9716 for more information.
What should I do next?
The only PDL company I still owe money to is Advance Me Today. I closed my bank accounts and sent out the letter, but they are refusing to work with me. I resent the letter, and this was their response:
This is a St. Vincent company. St. Vincent and the United States are both parties to the General Agreement on Trade in Services, a treaty which specifically permits companies in one country to make consumer loans to citizens of the other. Under the treaty, we are only obligated to follow the federal laws of the United States. We are not required to obtain licenses and individual state laws do not apply since the federal laws adopting this treaty supersede any state’s laws on the subject.
Please contact our Recovery Department at 888-408-9716 for more information.
What should I do next?
Yeah that sounds like the same crap Nationwide Cash tried to tel
Yeah that sounds like the same crap Nationwide Cash tried to tell me so file a complaint with the Federal Trade Commission and see if they are really valid! Nine times out of ten they are not. I believe there is a number on the FTC site you can call that treaty nonsense sounds like what it is nonsense!
