Settlement from USFast Cash- Yes or No??

Sorry, I should have included the fact that the loan is for $200.00 and I already paid $240.00

This is totally going to be depending upon whether you want it to go away quickly and quietly or stick to your guns and pay them nothing else. I have settled a few of mine even though I had overpaid them, just to get rid of them. It depends on how much you want to go through with the company.

mystery,
I'm not telling you what to do. But I've been dealing with US Fast Cash. They sent me a "settlement" offer. I had overpaid them also. I did not accept their "settlement" offer. I wasn't going to give them more money when I had already overpaid them. That is just MY opinion. Some people want to pay it just to get rid of them and get them out of their lives. And I'm all for that. Whatever works best for you. If you want them gone, then go ahead and accept the settlement offer. They are Satan. However, I'm too stubborn! I figured I'd already overpaid them, they owe me money, so why in the world am I going to give them more? Plus the fact that they are MTE Financial which is not licensed anywhere, so they are operating illegally. Just my opinion! You do what is best for you!

OK.
So, if I decide not to take the settlement, how do I proceed? I am thinking that I tell them I am awaiting on the response from the NY AG and I will proceed from there.

mystery, here's what I did. Now, you do what you think is best for you. Everyone is different. I responded to their "settlement offer" and told them I had already overpaid the loan, that I was actually due a refund from them, that they are not licensed, that they are lending illegally, and I am not paying them any more money. I then went on to tell them that I have filed complaints with the BBB, the FTC, my state AG, etc. My last sentence to them was "it is in the hands of the government agencies now." I haven't heard another word from them. However, I'm not stupid. I know they will jump out of the wood work one day. That's okay. Just make sure you've filed your complaints. You respond any way you like. I was just point blank with them (as they were driving me insane!). If you do decide not to take the offer, then inform them that you've already overpaid and filed your complaints and they can respond to the government agencies when they are contacted. Just my opinion. You do what is right for you.

Mystery..Cannr is right..it is up to you. I negotiated with United just to get rid of them...I did counter offer and insisted they subtract what it was going to cost me to send it moneygram at their request. I honestly did it because I had 7 to fight..and 3 I morally felt I still owed money to and I needed to get a few put away to make me feel better...

Cannr is correct, it has to be your decision. Try negotiating a counter offer, it works sometimes. I did what morningstarr did just to have some peace of mind on a couple of them....
In the end, you have to do what you feel you need to do.