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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!!

Quote:

November 21, 2008

Crystal,


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.



Sincerely,



William Mashburn

LoanShop Online

Phone: 888-265-5074 x3497

Fax: 800-383-3309




I have been contact from these people and do not recall getting a loan from them. This is suppose to be from 2006. I have read stuff that they are fraud and then I do see how some people pay them. I am very confused on how to handle the matter.

Sub: #11 posted on Tue, 07/28/2009 - 09:59

Unregistered


These people are so terrible..I have had a loan with them for a while..they use to send me emails, to renew, payoff..etc...well those emails stopped coming and they kept taking money out of my account. I finally called them, and they said they were sorry, and that they would consider my account paid in full..yeah after I paid about 3 times the amount of the original loan. I will never do this again, they are hurting the people the need the most help.

Sub: #12 posted on Thu, 08/20/2009 - 11:59

Unregistered


there is a man's contact ifnormation on crysrose leter. why not use it if you neeeded help? if they was fraud then how do crysrose get dat letter huh? make no since i owe genev roth bet i dont get no hlep from there. good work crysrose.

Sub: #13 posted on Wed, 08/26/2009 - 14:50

Unregistered


Quote:
Originally Posted by anonymous
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!

\

i recommend that if you have received a payday loan---let it be your last...don't do business with the long sharks and they will go out of business.

Their interest rates are way to high and it should be against the law to offer loans at such high rates.....it's just a revolving circle and people who are desperate need protection. Now the post above, i wholeheartedly agree with you that you should pay your loan back, just american don't borrow from them anymore. I'll eat grass, walk to work, live under a bridge before i ever call anotehr payday loan company. They are not doing you a favor, they are just roping you in, but hey its how they make money....don't use payday loans.

Sub: #14 posted on Sun, 09/20/2009 - 17:25

Unregistered


Quote:
Originally Posted by Anonymous
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!

yeah i dont think you know what you are talking about. loans are great when you need them but when they charge you a 150.00 every two weeks and dont reduce what you are paying then that is a problem.dumb ass..

Sub: #15 posted on Thu, 12/03/2009 - 18:50

Unregistered


I took out a loan a few months back from loanshop and I paid it off when I got my taxes back. Well I needed them again and I took out a 200 dollar loan paid it down to 150 plus interest and then had to have surgery and be out of work for six weeks with no pay well I called them to see if I could start making payments again when I got back to work and they took 172.50 out of my last check I had after my surgery. I have no money now for six weeks because they didn't want to help me out during a bad situation. There reply to me when I contacted them was to get another loan so I would have money. I would not recommend them to anyone. They are a really cruel company that has no feelings when someone is down and out and no way out. I didn't ask to have an operation or be off work for six weeks I thought I was eligible for short term disability but I guess being a single mom with a deadbeat ex who doesn't want to pay his child support which he owes me over 16 thousand dollars I guess I didn't take out the disibility when it was offered at the time of my employment. If i had what my ex owes me I wouldn't need loan company's to help me out.

Sub: #16 posted on Fri, 04/23/2010 - 12:48

Unregistered


Loanshoponline is not licensed in the state of California to provide deferred deposits. They totally ripped me off with fees. We are now in some kind of settlement phase which is a joke cause they offered me $600 back on $6300 of illegally charged fees. Told them NO make me a better offer or we go to court. If anyone has initiated a loan with them in the State of California after November 23, 2009 please contact the California Department of Corporations and make a complaint - http://www.corp.ca.gov/E NF/complaint.asp Its worth the stamp... Any loans after that date violate their Desist and Refrain order and I'd love to see them sued civilly by the government. This has become my personal vendetta!

Sub: #17 posted on Thu, 05/06/2010 - 23:05

Unregistered


Quote:
Originally Posted by Anonymous
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!!

Loan Shop Online is a scam. They are NOT located in Wilmington, DE. That is a non-functioning PO Box..
**They even have since changed the company name to continue operating to non-suspecting customers. They are now called "EXTRA CASH LIVE". The same phony PO Box in DE. This is the same company, be informed.
They are actually located in downtown Kansas City, MO. It's real name is LTS Management. I know this all to be true because my closest friend worked for them... stories of shady dealings
He saw account after account where people had paid $1000s to extend loans that were only $400 to begin with!!

Sub: #18 posted on Thu, 06/24/2010 - 14:04

Unregistered


I payed 3600.00 in fees to those bastards with no payment to my principle, thanks :D

Sub: #19 posted on Wed, 12/01/2010 - 20:34

Unregistered


:twisted:I applyied for a loan but didn't get decided not to called my bank this morning and they debited my account 230.ppdollars what should I do

Sub: #20 posted on Fri, 12/10/2010 - 05:15

Unregistered


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