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Platinum Funding Bull Crap!!

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Okay I sent out my ACH revokes and at first SMJ/ aka Platnum B. told me they showed that I had applied but I never took the loan. So I advised them that they show on account every week at $90 a debit. So within 10 mins of sending them this information this is the email that I received:

Mrs. Name removed for your protection, by Shazzers
I respect a consumer who researches the services to which he/she uses. With that being said when you applied for and agreed to the terms of the loan it would have behooved you to read the complete contract you were agreeing to. You are a citizen of the state of Indiana, however the contract was not made in the state of Indiana. The contract was completed via the world wide web, the governing law (clearly outlined on page 4 of your contract) which you agreed to by your legal e-signature is based in the isle and providence of Nevis West Indies Bahamas. When you spoke with Nikki on 11/16/2007 at 2:44 p.m. cst she clearly outlined how the loan works and what the finance charges were, yet you still excepted the loan.

With all the information at hand I am still willing to work out arrangements for the principal that is still owed on your account. We will cease debiting finance charges, however the account will not be marked “Paid In Full” until the principal amount of $300.00 has been satisfied. You may contact our offices 8-5cst Monday-Friday. Our toll free phone # is 1-866-722-2770. Please advise or we will continue to debit the finance fees until we are given instructions to payoff or pay down your advance.

If you have any questions do not hesitate to call or email.

Thank you,
Nikki

SJM marketing




So what would your response be to this line of bull crap. I have paid them $180 a month for since December. This is crazy...oh now they don't want to charge me finance charges...of course they don't I have alreayd paid them a truck load of you know what!!!




Today I called our Banking Official at the Indiana Statehouse. What he told me about being "legal" was this:

If the PDL has a license in Indiana, it's legal.

If the PDL is an actual licensed bank anywhere in the US, the loan is legal.

If neither of the above is true, then the loan is null and void as the law passed in 2007.

Sub: #1 posted on Tue, 07/15/2008 - 02:18

Unregistered


The contract was completed via the world wide web, the governing law (clearly outlined on page 4 of your contract) which you agreed to by your legal e-signature is based in the isle and providence of Nevis West Indies Bahamas. When you spoke with Nikki on 11/16/2007 at 2:44 p.m. cst she clearly outlined how the loan works and what the finance charges were, yet you still excepted the loan.
I'm tempted to correct the grammar and spelling in their quote, but, ah well. :lol:
A bunch of BS, I've read it all before. :?

Sub: #2 posted on Tue, 07/15/2008 - 02:22

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.85)

sounds like how i got my lymie loan from GFSIL.filled out an application on a finder sight,next thing i know everything is done
over the phone.most illegal not matter how you cut it.i would
send a reply that states,since you are not even located in the
united states this loan is not legal.bring up the obscene fees
paid so far.this place is a joke of the first magnitude.

Sub: #3 posted on Tue, 07/15/2008 - 02:36

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15506 | Credits: 1356.56)

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