Cash Direct Express outcome

RE: Correspondence received on June 6, 2007 concerning your account held with Cash Direct Express


Dear xxxxx,



I am writing in reference to your correspondence received on June 6, 2007.



Please be advised that Cash Direct Express is as follows:



1. Cash Direct Express is a lender licensed under the laws of Delaware
2. Cash Direct Express is not conducting business in the State of Wisconsin

3. Cash Direct Express does not maintain a location in the Sate of Wisconsin


As was specifically stated in your loan agreement, the loan was provided in accordance with the Laws that govern licensed lenders in the Sate of Delaware. Our physical location is in the State of Delaware . The loan was approved and funded in the State of Delaware .



In addition, I’d also like to mention that Cash Direct Express has modeled our short term loan product to disclose all information available. We believe in being proactive for our customers and providing all pertinent information prior to funding. This step occurs when our customer’s are presented with their loan agreement. This allows the consumer to conveniently view the structure of our product and make sure that they are satisfied with the service we provide and with all provisions set within the agreement. By signing this agreement Cash Direct Express believes the consumer has taken the opportunity to thoroughly review the agreement and would like an opportunity to utilize our service. With careful review of the correspondence received, your account and its notations it appears that you have used our services once prior to your current loan. I’d also like to mention that our agreement and the provisions set within the agreement have not altered during your relationship with Cash Direct Express.



Although we fundamentally disagree with the allegations in your emails and are confident that we have been, and continue to be, in compliance with all applicable laws, we would still prefer to resolve this mater amicably. Although we have no legal obligation to do so, we are willing to consider any misunderstandings you may have had when you obtained the loan and are proposing a reasonable resolution.



In an effort to resolve this matter, we are willing to release you from the outstanding balance of your loan $207.00 as well as any uncollected fees owed to us. We will do so upon receipt of the signed Confidential Mutual Release Agreement (see attached) and receipt of evidence that you have withdrawn any and all complaints you may have already filed. Please fax the signed attached document to our Customer Relations Department at (866) 432-2736.