Cease and Desist order on E dollars Direct
Date: Thu, 09/28/2006 - 17:40
May I request you to put the link here which mentioned that the
May I request you to put the link here which mentioned that the State of Nevada had put a cease and desist order on Edollars Direct?
The FDCPA0 does not apply to orignal crditors (in this casr the
The FDCPA0 does not apply to orignal crditors (in this casr the PDL if they are trying to collect their own debt). It is very important to read the fdcpa and under stand what effect it has and on who. The Collections indsty is always busily trying to create gray areas to keep the semi knowledgable on the short end, and unwittingly making fools of themselves. ( I dont mean that to sound mean or snobby), it is VERY important to read and understand these laws before using them to counter illegal or ethically questionable tactics of these creditors and collectors.
LCW, Thanks for the link. You are so right everyone needs to rea
LCW, Thanks for the link. You are so right everyone needs to read and understand the fdcpa. That's how creditors are ablt to get the upper hand on people because people are not aware of their rights (me included until I found this site). I'm currently trying to get out of the pdl cycle. This site has been very helpful.
E dollars direct
Here is a message posted on the website for the state of nevada...I defaulted with them and they had someone from Westburry call me. I faxed him a copy of the letter that I had sent E dollars and a copy of this statement for Nevada and have not heard a work from him in 2 weeks.
Quote:
From: Amanda Penn Sent: Tuesday, May 09, 2006 11:51 AM Subject: State fines lender $50K Follow Up Flag: Follow up Flag Status: Completed FYI, this went out to statewide release today. Amanda FOR IMMEDIATE RELEASE May 9, 2006 CONTACT AMANDA PENN, (702) 486-2750 State fines unlicensed Internet loan company $50,000 (Las Vegas, NV) ???????? State Financial Institutions Division Deputy Commissioner Steven Kondrup has issued a cease and desist order against Internet lender MW Marketing dba Freedom Financial Group and EDOLLARDIRECT.com to stop loan and check cashing activities immediately. The Las Vegas-based company has been engaging in deferred-deposit loans, short-term loans, title loans and check-cashing services without a state license, a violation of Nevada law. Earlier this month, state examiners discovered that the company was operating loan and check-cashing services via the Internet at EDOLLARDIRECT.com as well as other electronic media. Kondrup ordered the maximum fine of $50,000. The order also provides remedies to consumers by allowing other parties involved in check cashing or loan activities to void their contracts and seek additional remedies or penalties through civil court. ???????Consumers should be wary of giving their personal information to an Internet company without first verifying that the company is licensed to conduct business in Nevada. Otherwise, they could be prey to identity theft and financial risks, and the state could do little to help them,??????? Kondrup advised. For more information, log on to www.fid.state.nv.us or call the Nevada Financial Institutions Division, (702) 486-4120, Las Vegas, or (775) 684-1842, Carson City. -END- Amanda Penn, Public Information Officer Department of Business & Industry Director's Office 555 E. Washington Avenue, Suite 4900 Las Vegas, Nevada 89101 Phone (702) 486-2750 Fax (702) 486-2758 |
AWESOME!!!I have been getting calls on my caller id saying Freed
AWESOME!!!I have been getting calls on my caller id saying Freedom Financial, now I know who it is! I never had a loan with e-dollar direct, now I suspect they are trying to get me to take a loan. I'm going to call them and tell them I'm reporting them to their state attorney general. GREAT NEWS!!!