Settlement Letters from DiscountAdvances
Date: Mon, 08/27/2007 - 11:24
Settlement Letters from DiscountAdvances
I already reported them to my AG
Mind you my loan with discountadvance.com
isnt due until 8/31/07
Quote:
Discount advances: DiscountAdvances.com (An IGotIt.com Company) FINAL NOTICE Mr. XXX LOAN NUMBER: 14302xxxx BALANCE DUE: 142.65 SETTLEMENT AMOUNT DUE: 142.65 YOUR LOAN WITH DISCOUNTADVANCE.COM / IGOTIT.COM IS SERIOUSLY DELINQUENT. IF YOU CONTINUE TO IGNORE THIS DEBT, WE WILL HAVE NO CHOICE BUT TO REFER THIS ACCOUNT OVER FOR FURTHER COLLECTIONS. This letter serves as notice that this is a payday loan, and service charges are accrued each day, until the account is paid in full. You have been given ample opportunity to pay this loan. In an effort to maintain our commitment to assisting those in immediate financial need, DISCOUNTADVANCE.COM / IGOTIT.COM extends this ONE-TIME opportunity to resolve your $ 142.65 debt with our company by paying a settlement amount of $ 142.65. Any money received less than the settlement amount in full within 10 days or calling this office with acceptable payment arrangements will not hold your account in our office. Failure to pay this settlement amount will result in your debt being reported to the Credit Bureau, which will show for a minmum of 7 years, and Teletrack Systems. If you have paid your account in full, please disregard this notice. Please call our toll free number, 866-645-xxxx, if you have any questions concerning this notice. Office hours are from 9am to 6pm Eastern Standard Time. Your failure to respond to this final notice will result in the account being turned over to another source for additional collection efforts in order to protect our interest in this matter. THIS IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. |
which I repied and told them to deal with my AG
and I'll be reporting them to FTC and BBB.
Update Letter from ZipCash
Now Zipcash:
Quote:
Dear Mr. XXX We are responding to your communications with Zipcash - SFT, LLC ("Zipcash") regarding your loan, which has a current balance of $1025.00. We consider this to be a valid debt. Zipcash takes its obligations to comply with all applicable laws very seriously and expends significant resources to ensure this. Zipcash makes short term consumer loans pursuant to licensure and regulation by the State of New Mexico. Zipcash does not maintain a business location in Connecticut. Zipcash does not solicit customers in Connecticut. On advice of counsel, Zipcash maintains that the choice of New Mexico law as controlling in the loan documents would be upheld, as all significant contacts in the loan transaction occur within New Mexico. Despite our position stated above, in the interest of resolving this matter without escalation and further expense, we are willing to consider your account paid once you have complied with the terms of the settlement offer below. Settlement Offer Zipcash is making a one time limited offer to release you from the outstanding balance of your loan ($1025) as well as any uncollected fees owed. Zipcash will do so only upon receipt of the enclosed signed Confidential Mutual Release Agreement and $500 received no later than 10/31/07. Please fax the signed release to our Customer Service Department at (866)922-xxxx. ******PLEASE SEND US THE SIGNED RELEASE NO LATER THAN SEPTEMBER 4, 2007. IF WE HAVE NOT RECEIVED THE SIGNED RELEASE BY SEPTEMBER 4, 2007, THIS SETTLEMENTOFFER WILL BE AUTOMATICALLY REVOKED AND WE WILL CONTINUE TO HANDLE YOUR ACCOUNT PURSUANT TO YOUR LOAN AGREEMENT.****** PLEASE KEEP IN MIND THAT THE EXISTENCE AND TERMS OF THIS SETTLEMENT OFFER AS WELL AS THE ENCLOSED CONFIDENTIAL MUTUAL RELEASE AGREEMENT ("AGREEMENT") ARE TO BE KEPT IN THE STRICTNESS OF CONFIDENCE AND YOU MUST NOT DISCLOSE THE EXISTENCE OR ANY OF THE TERMS OF THIS SETTLEMENT OFFER OR THE AGREEMENT TO ANY THIRD PARTY OTHER THAN TO YOUR PERSONAL ATTORNEYS OR ACCOUNTANTS. FURTHER UNDERSTAND THAT THE AGREEMENT PROVIDES THAT, IN THE EVENT OF ANY DISCLOSURE INCONSISTENT WITH THE TERMS OF THE AGREEMENT, ZIPCASH WILL BE ENTITLED TO RECEIVE FROM YOU AT LEAST $10,000 IN LIQUIDATED DAMAGES. Sincerely, Zipcash - SFT, LLC |
Any Input??
Hi. I say if you have overpaid already, then let your ag handle
Hi. I say if you have overpaid already, then let your ag handle it. Good job, by the way. At least you have their attention, now. :-)
What is all of that stuff about collecting 10K in liquid assets?
Let the Attorney General's office handle it as eleroo stated. T
Let the Attorney General's office handle it as eleroo stated. They are just blowing hot air I think. See what other people say, but I say wait for your ag's office.
Yeah what is the statement "ZIPCASH WILL BE
ENTITLED TO RECEIVE FROM YOU AT LEAST $10,000 IN LIQUIDATED DAMAGES." Are they nuts.:)
ladybug
ZipCash
These companies are complete clowns
I borrowed $500 they want $10k haha.
They shouldve played the mega millions :)
reply
Let's see......... you overpaid by over $300 and they want to "settle" for another $500. And, gee, they are not licensed to do business in your state. Hmmm..... I wonder??? Good Lord! And, by God, now you're going to have to pay them $10,000 for posting that letter! Man, oh, man. LOL! :lol: Please be sure and file with the BBB and also the FTC. I believe you already have with the AG. Oh, and if they contact you, ask them if they'll take a check for the 10 grand. :D
This is one of the most insane things I have heard to date! $10
This is one of the most insane things I have heard to date! $10K...OMG, I can't stop laughing.
Unreal! I can't get over these tactics. I really hope the FTC,
Unreal! I can't get over these tactics. I really hope the FTC, etc. puts a stop to ALL these online IPLs...