Internet Payday Loan help
Date: Tue, 01/29/2013 - 12:14
I currently have 5 internet payday loans out. I am an Indiana Resident.
White Hills Cash- $400--- paid $305.00 so far
Cash Direct Express- $400.00 --- paid $570.00 so far
Sure Advance $300.00--- Paid $338.25
AmeriLoan $500.00--- Paid $300.00 so far
PayDay Mobility $200.00--- Nothing paid so far.
This is the Letter I sent to ALL FIVE of them on 1/23/13!
I went today, closed my bank account (no problems!! YAY!!), and sent the Revocation of ACH, Wage Assignment, and Cease and Desist letters, via E-mail. I also took a Revocation of Wage Assignment and Cease and Desist letter to my HR department at work. Could anyone tell me if this letter "sounded" appropriate? I did take little bits of information from various posts on here.
Also, I "deleted" all of my info, to protect myself, and my accounts.
This letter is to inform you that I am aware of the FACT that the loan you issued to me, is NOT legal or binding in my state. For your convenience, I have included my state payday loan laws below.
(Insert your state’s payday loan laws here)
The state of _____ (The state you reside in) requires Internet payday lenders to be licensed in MY state. I have already researched this information, your company does NOT have a license to lend in the state of ______ (The state you reside in), if I am mistaken I will need proof in the form of a license number, so that I may verify it with my Attorney General. I am bound by the state laws where I reside. As I have no presence in your state, therefore I have no legal obligation to the 'governing laws' you may have detailed.
Be advised that as of today _______ (Today's Date) I am revoking ANY and ALL ACH authorizations with your company from debiting any AND all of my personal accounts, per Federal law, Regulation E Section 205.10 Pre-authorized transfers. I also revoke ANY and ALL wage assignments I may have signed, by you, including but not limited to; any of your affiliates, dba's, and collection agencies assigned to this account. None of the above, any longer have my permission to access my accounts or impose a wage assignment.
I will only communicate to resolve this matter via email or United States Parcel Service (USPS). I am requesting in writing, that you do not contact my work by phone, since my workplace does not allow personal calls, and doing so will be in violation of _____ (State you reside in) State Law, and will be reported to the _____ (State you reside in) State Attorney's office. If you ignore this notice and attempt to contact me or any of my references via telephone, you will be ignored and any payments owed will be delayed. Although I am not legally required to do so, I am willing to repay the principal balance of this loan. To date, I received a deposit of $_____ on _______(Date deposit was deposited into bank) and have had __ (bi) weekly withdrawals totaling $______ debited from my account. I am willing to repay the $______ balance via Money Order (by USPS) in __ monthly installments of $______ each. However, no address means NO payments, this is not negotiable.
If you do NOT reply to this notice within 48 hours I will be forced to file complaints with _____ (State you reside in) Attorney General, _______ (Name of Attorney General), the BBB and the Federal Trade Commission. If you reply to this notice with any misleading legal implications, or menacing course of actions you are unable to follow through with, I will be forced to take actions against you which could cause you to lose your license in the state of ______ (State the loan company is located) and cause damage to your reputation, which could potentially decrease your clientele.
Sincerely,
(Your Name)
White Hills Cash- $400--- paid $305.00 so far
Cash Direct Express- $400.00 --- paid $570.00 so far
Sure Advance $300.00--- Paid $338.25
AmeriLoan $500.00--- Paid $300.00 so far
PayDay Mobility $200.00--- Nothing paid so far.
This is the Letter I sent to ALL FIVE of them on 1/23/13!
I went today, closed my bank account (no problems!! YAY!!), and sent the Revocation of ACH, Wage Assignment, and Cease and Desist letters, via E-mail. I also took a Revocation of Wage Assignment and Cease and Desist letter to my HR department at work. Could anyone tell me if this letter "sounded" appropriate? I did take little bits of information from various posts on here.
Also, I "deleted" all of my info, to protect myself, and my accounts.
This letter is to inform you that I am aware of the FACT that the loan you issued to me, is NOT legal or binding in my state. For your convenience, I have included my state payday loan laws below.
(Insert your state’s payday loan laws here)
The state of _____ (The state you reside in) requires Internet payday lenders to be licensed in MY state. I have already researched this information, your company does NOT have a license to lend in the state of ______ (The state you reside in), if I am mistaken I will need proof in the form of a license number, so that I may verify it with my Attorney General. I am bound by the state laws where I reside. As I have no presence in your state, therefore I have no legal obligation to the 'governing laws' you may have detailed.
Be advised that as of today _______ (Today's Date) I am revoking ANY and ALL ACH authorizations with your company from debiting any AND all of my personal accounts, per Federal law, Regulation E Section 205.10 Pre-authorized transfers. I also revoke ANY and ALL wage assignments I may have signed, by you, including but not limited to; any of your affiliates, dba's, and collection agencies assigned to this account. None of the above, any longer have my permission to access my accounts or impose a wage assignment.
I will only communicate to resolve this matter via email or United States Parcel Service (USPS). I am requesting in writing, that you do not contact my work by phone, since my workplace does not allow personal calls, and doing so will be in violation of _____ (State you reside in) State Law, and will be reported to the _____ (State you reside in) State Attorney's office. If you ignore this notice and attempt to contact me or any of my references via telephone, you will be ignored and any payments owed will be delayed. Although I am not legally required to do so, I am willing to repay the principal balance of this loan. To date, I received a deposit of $_____ on _______(Date deposit was deposited into bank) and have had __ (bi) weekly withdrawals totaling $______ debited from my account. I am willing to repay the $______ balance via Money Order (by USPS) in __ monthly installments of $______ each. However, no address means NO payments, this is not negotiable.
If you do NOT reply to this notice within 48 hours I will be forced to file complaints with _____ (State you reside in) Attorney General, _______ (Name of Attorney General), the BBB and the Federal Trade Commission. If you reply to this notice with any misleading legal implications, or menacing course of actions you are unable to follow through with, I will be forced to take actions against you which could cause you to lose your license in the state of ______ (State the loan company is located) and cause damage to your reputation, which could potentially decrease your clientele.
Sincerely,
(Your Name)
There is nothing wrong in the
There is nothing wrong in the letter. You have written all you need to do in the letter. You could have included one thing. You have paid more than the principal amount to Cash Direct Express and Sure Advance. So, you can ask them to give you a refund.
The letter will get the job
The letter will get the job done but you should have revoked ACH with your bank in writing just to create a paper trail.
Wrong again stevebarris. You have to revoke the ACH with the party submittting the ACH, not the bank. The bank is simply being informed that you have used your federal rights to revoke the ACH...it is simply for their records.
You have to revoke the ACH
You have to revoke the ACH with the party submittting the ACH, not the bank.
So let me get this straight. In case you are dealing with one of those offshore PDLs with no contact information, mailing address or valid e-mail address whatsoever, how in heck do you revoke the ACH with the party submitting the ACH, eh? And trust me, I am just asking out of pure curiosity.
The letter will get the job
The letter will get the job done but you should have revoked ACH with your bank in writing just to create a paper trail.
I have a written ACH for my
I have a written ACH for my bank, and have closed all accounts associated with these "loans". I also included in the letter(s) to Cash Direct Express and Sure Advance that I am due for a refund. ;)
Submitted by Back Woods Barbie on Wed, 01/30/2013 - 07:39
( Posts: 25 | Credits: )