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Loan Shop Online – complained against them and a/c closed

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I received this letter from Loan Shop Online. I have many more to go , but I want to thank you for helping me and fighting these companies. One down, many more to go!!


November 21, 2008


A complaint was received from you via email regarding a loan you had applied for from Loan Shop Online. I appreciate your patience and cooperation as we are attempting to reach an agreement to close your account.

Ever since you requested this loan, both parties have followed the terms of the contract. This was meant to be a short-term loan but I understand that you may have not been in a position to repay the full balance all at once. I realize that the fees can accumulate and add up to a rather large balance. I apologize for any frustration you have experienced throughout your repayment process. I believe it is in the benefit of both parties to accept your offer to pay the remaining $120.00 of your $300.00 loan and to cease any attempts to debit from your account for extension fees in the future.

If this is agreeable to you, please sign and fax the attached release at your earliest convenience. Please retain a copy for your records. The attachment to this email is a release agreement that indicates you have agreed to end your dispute by having your account closed immediately.

Your account will be closed IMMEDIATELY upon receipt of the attached release form and, once your payment of $120.00 has been received, you will no longer be held responsible for any balance in connection with this matter.

Your payment may be mailed to:

Loan Shop Online

2207 Concord Pike, #250

Wilmington, DE 19803

There absolutely will not be any collection activity taken against you and this email is meant to confirm that in writing.

This email and the attached release form combined are written records that neither of us will continue to dispute the matter with the other. You will have no future obligation to make any payment regarding this matter.

My contact information is included below so, if you have any questions or concerns about the release or any other matter regarding your account, please feel free to contact my office anytime.


William Mashburn

LoanShop Online

Phone: 888-265-5074 x3497

Fax: 800-383-3309

Wooooohoooooooo!!!!! Yay for you!!

Sub: #1 posted on Sun, 11/23/2008 - 09:31

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17344 | Credits: )

Congrats! I know how good it feels to be free from Loan Shop Online. If only they were all as easy to work with!

Sub: #2 posted on Sun, 11/23/2008 - 09:31

sjj104 sjj104

(Posts: 85 | Credits: )

why would you borrow all that money from all those companies and then try to fight them on your balance and fees? why dont you try paying your bills? you people need to quit trying to scam these companies that helped you out!

Sub: #3 posted on Wed, 04/15/2009 - 20:09


Here's the thing, no one trys to scam anyone out of anything. We just feel that these companies should obey the laws.

Sub: #4 posted on Thu, 04/16/2009 - 09:49

sassy_lil_brandy sassy_lil_brandy

(Posts: 479 | Credits: )

This TROLL is still at it :roll:

Sub: #5 posted on Thu, 04/16/2009 - 10:07

Cool_Abyss Cool_Abyss
(Posts: 2936 | Credits: )

congrats on your letter! :)

Sub: #6 posted on Thu, 04/16/2009 - 12:12

bea2ls bea2ls
(Posts: 3840 | Credits: )

I would reccomend that the companies start fighting against people that take out loans they can't repay!

Do any of you notice that the folks complaining about PDL's are the folks that can't pay back what they borrowed?

I would reccomend staying offline applying for loans you can't repay.

Also, keep in mind that if it weren't for the PDL companies in the first place, you may not even have a computer to apply.

I am thankful that there are still companies out there willing to help honest people in need, considering all the scammers out there and the state of the economy.

Good day!

Sub: #7 posted on Fri, 05/29/2009 - 11:56


Yada yada yada :roll:

Sub: #8 posted on Fri, 05/29/2009 - 11:59

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17344 | Credits: )

Oh, the Hero is back again :lol:

Sub: #9 posted on Sun, 05/31/2009 - 08:33

Cool_Abyss Cool_Abyss
(Posts: 2936 | Credits: )

I would like to know what you put in your letter that helped you reach an agreement with Loanshop.

Sub: #10 posted on Sun, 06/28/2009 - 21:38


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