Frustrated with Payday Loans - MAGNUM CASH ADVANCE AND ZIP19

Nah, they can't sue you, they wouldn't dare walk into a court of law, they would be cutting their own throats if they did. As far as collections, sure, they COULD hire some low life bottom feeder collection agency but you have consumer rights when it comes to collections also. Tell them to shove it where the sun doesn't shine. If I were you, I would hang up on them and not say a word. All they want is an audience, don't give them one. Ignore their slimy arses. :wink:

Thanks, that's good to know. I read over my contract with them and they mention an Arbitrator (see below):

AGREEMENT TO ARBITRATE DISPUTES: You and we agree that any and all disputes, claims, controversies and differences between you and Broker, or you and us, including without limitation contract and tort disputes, shall be referred by any party to arbitration by the International Center for Dispute Resolution ("ICDR"), The Hague, in accordance with its International Arbitration Rules. In order to obtain a speedy, binding, and cost effective resolution to any dispute(s), you, Broker, and we waive our rights to litigate through a Court and/or to have a Judge (or Judge and Jury) decide any dispute(s) between you and Broker, or you and us. There shall be one (1) independant Arbitrator agreed to by the parties. In the event that the parties cannot agree upon an independant Arbitrator, within 45 days from initial referral of the dispute(s) to the ICDR, the ICDR shall appoint an Arbitrator as provided under its International Arbitration Rules. The place of arbitration shall be at a convenient location within the nearest major metropolitan area to your place of residence, to be determined by the arbitrator. The language of the arbitration shall be English, and the applicable substantive law of the arbitration shall be that of the Republic of Malta. All decisions of the arbitrator shall be legal, binding, and final. Upon your request, we will advance your portion of the filing, administrative, hearing and arbitrator???s fee. Throughout the arbitration, each party shall bear his or her own attorneys fees and expenses, such as witness and expert witness fees. The Arbitrator may award you or us any damages available under the law of the Republic of Malta. The Arbitrator shall not require the loser at arbitration to pay the winner???s attorney fees.

What does this mean for me? I plan on paying them back the rest of the principal, and I was going to include the fee that Washington State would have allowed, after they send me a letter in writing of where I can send the payments to. My first payment that I made was through Wester Union, which is the only way they would accept payments.

It means they are full of crap, none of the above would stand up in a court of law. They are unlicensed, so, they gave up ANY legal rights when they failed to follow the law to begin with.