More Success -- This Time with Mypaydayloan

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E-mail from Mypaydayloan

ZARVAD III Ltda. DBA MyPaydayLoan.com
Centro Colon, 8 avo piso, Oficina 8-4
San Jose, Costa Rica
Phone: 888-269-2303

September 7, 2006

Dear Mr. Smith,

In acknowledgment to the letter we received by fax, on September 7th, 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 Louisiana law, regardless of where you reside.

Furthermore, the following disclosure can be found on all pages of our website:

This service does not constitute an offer or solicitation for short term payday loans in all states. This service may or may not be available in your particular state. The states this site services may change from time to time without notice. All aspects and transactions on this site, will be deemed to have taken place in our office in Costa Rica, regardless of where you may be viewing or accessing this site. Borrower is responsible for complying with any local statutory obligations that may exist in their state or area with respect to any transactions with Mypaydayloan.com.

Despite these facts, because of your history with us, we are willing to remove all finance fees and allow you to simply pay the principal amount of $400.00 in 8 installments of $50.00 each (to be paid biweekly). Payments will be paid through account debit. Once you have satisfied the $400.00 debt your account will be considered paid in full.

If you accept the terms of this settlement please notify us by Monday, September 11th, 2006, so that we can provide you with a special arrangement letter.
Sincerely,

Angela Smith
MyPaydayLoan.com