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This morning I recieved an email from USACashExpress telling me there was a problem with my checking account and I needed to call them asap. Having no idea who these people were I replied back saying I'm no falling for this. Here was their reply:

> We are CashNet500 and you took out a loan on 8-24-06 for $350 and this money
> was deposited into you bank account on 8-24-06. Do you not recall this?
> I am in the position to offer you a loan payoff on your account.
> As of today, your total CashNet account balance is $590, payment
> arrangements are for three(3) payments $200 due on 11-17, 12-1 and $190 due
> on 12-15.
> Payment method is Visa or MasterCard Debit/Credit ($5.00 processing fee).
> Confirmation Instructions
> * To take advantage of this offer it is very important that you
> confirm this loan payoff today.
> * To do this all you need to do is call or email me today with your
> card#, expiration date and three (3) digit code.
> This is a loan payoff, meaning once you confirm this payoff by providing
> your card information, your account will then be removed from the
> collections process, your balance will be frozen and no further charges will
> be assessed on the loan balance as long as you follow through with the
> agreed arrangement.
> Regards,
> Karen Lamb
> Advanced Collections Department
> 1-800-654-7444
> x846

How sweet! They are offering to let me pay $990 total for a $350 loan.

So I need some opinions . . . . . Does this reply sound good? Should I tone it down? Change anything? Thanks!


Yes, I know I did business with cashnet500, but you emailed me going by the name USACashExpress. How am I to know that you do business under that name too? Also, I've informed Cashnet500 already that I'm having to file bankruptcy, through no fault of my own, I'm sorry my appendix nearly errupted and almost killed me and now I have a ton of medical bills, but more then that, I've been talking to the Oregon Banking Authority and their payday lender licensing department. Oddly enough, you do not have an Oregon License under Cashnet500, Global Payday, or USACashExpress. You also broke the law when you (or someone at your company) told me I could be arrested for fraud by not paying you immediatly. You also broke the law when you (or someone at your company) left a general voicemail on my employers phone, giving the details of my loan and saying I was going to have legal problems if I didn't call you back. Keep in mind this is recorded. You broke Oregon law when you made the loan in the first place. I have solid proof of every allegation I'm making here. According to the police department, licensing office, and Oregon State Attorney General's office, if you set foot in an oregon court and try to file anything against me you will be arrested yourself for doing illegal business. I will be retaining a lawyer for my bk, so I will have legal representation. So far I've paid you $315. My offer to you is $35 to pay in full the amount that I originally borrowed. Agreement of these terms by you will not stop me from further cooperation with the Oregon authorities, who are currently investigating you now.

Good job! Don't back down no matter what! :D

Sub: #1 posted on Tue, 11/07/2006 - 15:18


(Posts: 5264 | Credits: )

And don't give them your new banking info, and don't send the $35 Western Union, demand a physical address to send a money order or they won't get their $35.

Sub: #2 posted on Tue, 11/07/2006 - 15:19


(Posts: 5264 | Credits: )

I won't give them anything but a postal money order, if that.

Sub: #3 posted on Tue, 11/07/2006 - 15:20

goudah2424 goudah2424

(Posts: 7936 | Credits: )

BTW - Their offer of $590 to settle, I've only missed one payment with them, so a balance of $350, the $105 finance fee, I guess they figure in another $105, and I guess a $30 returned ach fee?? How is that a settlement? That's more then I technically owe them according to their stupid contract!

Sub: #4 posted on Tue, 11/07/2006 - 15:24

goudah2424 goudah2424

(Posts: 7936 | Credits: )

Put your dispute in writing with the company. They have to check your file and figure out the accurate balance. Have you checked with your state laws if they have calculated the total amount in the right way? If you are able to bring down the total amount by placing a dispute, you will be able to negotiate for a lower amount from what it is at present.

Sub: #5 posted on Tue, 11/07/2006 - 15:35

a_neblat a_neblat

(Posts: 407 | Credits: )

yes, unfortunatly oregon doesn't have any interest limits, their new law capping these guys doesn't go into affect until June 2007. I'm thinking they are assuming I wouldn't pay until my next payday, at which time the full $105 in finance fees would be due. The thing that bugs me is that I've already told them I'm filing bk!

Sub: #6 posted on Tue, 11/07/2006 - 15:39

goudah2424 goudah2424

(Posts: 7936 | Credits: )

Way to go dont back down. I think it is very well-written and straight to the point. Good Luck Keep us Posted KYSIDE38

Sub: #7 posted on Tue, 11/07/2006 - 17:41


(Posts: 2478 | Credits: )

I hope I'm not too late...I would omit the part about your surgery and the bankruptcy (for one, it's none of their business). If they think you are making exuses, their collection tactics may become more agressive and they could cause a bad situation for you at your place of employment. They are not the most professional collectors out there.

Sub: #8 posted on Tue, 11/07/2006 - 20:10

Rach Rach

(Posts: 206 | Credits: )

Your not too late . . . . I wanted to get people's opinions before I sent it. I just put in about my surgery so maybe they would see that I'm not doing this just to screw them, I have no choice. But I will take it out, thinking about it, I don't want them to know my personal business. But the part about my BK I'm keeping in, as I've already informed them and given them my lawyers info. Oddly enough, it was right after I told them I had a lawyer that they told me I was going to be arrested for fraud!

Sub: #9 posted on Wed, 11/08/2006 - 06:58

goudah2424 goudah2424

(Posts: 7936 | Credits: )

Have your lawyer fax them a letter of representation. She will go away. This is the email I got from Karen Lamb:

To date there is no documentation on file with regards to your claim that
you have retained a law firm to handle you finances. Have your attorney fax
over your retainer letter. Once that information is received I will then
remove your accounts from further collections.


Karen Lamb
Advanced Collections
Fax 800-418-6073
PH 800-654-7444
Ext. 846

I had them fax it over and have not heard from her since.

Sub: #10 posted on Wed, 11/08/2006 - 08:16


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