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What to do when illegal payday loan lenders do not give you a reply

Have you sent numerous letters to the illegal payday loan companies regarding payments? Are you still waiting for a reply from those companies? Well, most of the illegal loan companies don't give their physical address in their websites. So, borrowers like you are forced to send numerous mails after being harassed by them several times. If you have sent mails and stated that you wouldn't make further payments on the loan, then be prepared to get a late response from them. Moreover, the loan companies won't give you a positive response.


Illegal payday loan lenders don't follow the state rules and regulations. In addition to that, they ask the borrowers to pay a huge amount on the interest rates and fees. If you've already covered the principal amount, then you can write in the letter that no further payments will be made in future. You may check out the sample letter from here.


In all likelihood, the lenders will try to convince you that they don't need state license to carry on with their business. They don't come under the individual state laws either. They only follow the federal laws of the country. In such a scenario, send another mail and state that the contract is null and void. The lenders themselves have accepted that they don't have a state license. As such, the contract is not valid.


Don't lose your patience if you don't get a prompt reply from the lenders. Wait for a few days. The lenders will make several attempts to collect money from you before giving a reply. You may get a call from a collection agency regarding the debt. Send a debt validation letter to the collection agency immediately instead of negotiating with them. Illegal payday loans can't be validated.

When should I expect to get a response from these ...
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When should I expect to get a response from these companies after sending out these letters? Do I send them again if I don't get a response?




Some will take longer - who have you not heard from?


Sub: #1 posted on Tue, 06/18/2013 - 19:21

HelpinAZ HelpinAZ
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(Posts: 1873 | Credits: 288.1)

I got this response this morning from Advance Me Today. I was going to send them the letter again. Please advise anything else.


Thank you for contacting us.


Please be aware that this is a St. Vincent company, St Vincent and the United

States are both parties to the General Agreement on Tariffs and Trade

(G.A.T.T.), a treaty which specifically permits companies in one country to make

consumer loans to citizens of the other.


Under the treaty, we are only obligated to follow the federal laws of the United

States. We are not required to obtain state licenses and individual state laws

do not apply since the federal laws adopting this treaty supersede any state's

laws on the subject.


If there is anything else we may do for you do not hesitate to contact us again.


Sub: #2 posted on Tue, 06/18/2013 - 22:04

Menthedogs Menthedogs

(Posts: 41 | Credits: 5.36)

Just remind them that you never stepped in St Vincent and when they decided to do business in your state they agreed to follow the laws of that state.. and they must be licensed to lend there. and since they have now pretty much told you that they did not follow your state's laws the contact is null and void.. Tell them you will be expecting a PIF note right away and if they choose to turn over to an outside collection you will merely send a C&D explaining that they are collecting on a null and void contract.


Sub: #3 posted on Wed, 06/19/2013 - 01:15

HelpinAZ HelpinAZ
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(Posts: 1873 | Credits: 288.1)

Thank you!


Sub: #4 posted on Wed, 06/19/2013 - 04:42

Menthedogs Menthedogs

(Posts: 41 | Credits: 5.36)

Glad to help!! Let us know what ever you need...


Sub: #5 posted on Wed, 06/19/2013 - 05:07

HelpinAZ HelpinAZ
Moderators
(Posts: 1873 | Credits: 288.1)

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