letter from westbury. tell me what you think

Its a little vague. It needs to say paid in full somewhere and also if you paid to much in intrest you need to let them know asap. Do not sign it or send it back yet please, untill someone else comes along soon and can give you more advise.

thanks

I think it sounds okay. It is saying that due to your payment history they are closing out the account. They say they will send you proof of this once they recieve your release. It's pretty standard for some of the pdl's to want you to sign a release.

I would sign it, but make sure you save a copy, and get the letter in the mail confirming your account has been closed.

I just donkt trust any payday loan person. It does say that the account will be closed. Thats good. But do you think that he paid more interest than he/she should of?

It all depends on the situation. If it's a lot of money over, and there is a chance for a refund, I'd say go for it. But if no one has ever gotten a refund from them, and you will just be banging your head against the wall, then it's not worth it. Take the PIF and be happy. Refunds can be very hard to get from some companies, and it may be better to just take the PIF. But it's up to the person whether they want to or not.

I would take the pif rather than try to get any $ out of them. But make sure that you HAVE EVERYTHING IN WRITING, so they don't come back at a later time and try to collect.

ladybug

Westbury Ventures goes by several names: LTS Management, DMSMarketing and operates several PDL companies many of which may or may not be registered in your state.

Couple of questions. What company was the loan with? Are the licensed to operate in your state? How much was the original loan for? How much have you paid in total? It may be that if they are not licensed in your state and you may have already paid the amount of the principal and your state's legal amount of interest. In which case, you may not need to pay them.

Please give us more details about this loan so we can answer your questions more specifically.

Debt Fairy - If you do a search you will find many posts from Tlemly about this subject. The info you reguested is in those posts.