Letter from Mypaydayloan.com!!

Here is an email I received from Mypaydayloan.com after I faxed them stating they had no rights under the laws of my state to charge me so much interest...

"Dear Ms. Canales,

In acknowledgment to the letter we received by fax, on April 13th, we would like to clarify the issue pertaining to the transaction you originated with our organization. We would like to point out we are incorporated in, and operate over the Internet, with our offices based out of San Jose, Costa Rica. By engaging in a transaction with us, you have availed yourself to be subject to the internal laws of Costa Rica for this particular check advance agreement. Specifically your contract states under the Governing Law section "Both this agreement and the application is considered to be executed at our offices in San Jose, Costa Rica, and this agreement with us shall be governed by, construed, and enforced solely in accordance with the internal laws of Costa Rica." If you would not have agreed to avail yourself to this jurisdiction as the sole contract venue (which was your prerogative), you would have not been provided with the advance from our company. There is no conflict with federal regulations, and although certain states may have more restrictive regulations, when dealing with international law pertaining to contract venue, federal regulation supersedes state regulation, and this particular transaction is governed by Costa Rican law, not Texas law, regardless of where you reside.

Despite this fact, because of your history with us, we are willing to freeze the account on the balance which is $234.38, and work with your debt consolidation company. One of our representatives will contact them, and work out the arrangements on the balance of your debt with our organization.

Best Regards,

Janelle Smith"

So, looks like they'll work with T&C after all...so there's hope for all you out there who have loans with these people...they will work with T&C or whoever you have...don't give up!