Debt Consolidation Forums Payday Loan help forums

Upfront Payday doesn't get the hint

member profile picture
Posts: 154
Credits: 1981.95
[Donate]

I know it won't do any good, but it makes me feel pretty good for a few minutes anyway..

I got yet another of those "You are a VIP" emails from Upfront Payday even though I have "opted out" like 10 times. So this is the response I've sent to the admins as well as to the compliance department. :D

Quote:

I will spell this out to you nice and simple, since you didn't seem to get the point the last 16 times I've asked to be removed from your mailing lists.



I AM NOT INTERESTED IN ACCEPTING LOANS FROM LOAN SHARKS.



I am now educated in the LAWS on payday loans. BY CONTINUING TO SOLICITE ME FOR PAY DAY LOANS YOU ARE IN VIOLATION OF INDIANA STATE LAW. YOU ARE NOT LICENSED TO LEND IN THE STATE OF INDIANA. YOU WILL BE REPORTED TO THE INDIANA ATTORNEY GENERAL'S OFFICE AS WELL AS TO THE INDIANA DEPARTMENT OF FINANCIAL INSTITUTIONS. You do realize that if you loan me money, it will be an uncollectable loan. Or are you offering me a gift???





NOTICE TO UNLICENSED INDIANA LENDERS WHO ARE SOLICITING
BUSINESS IN INDIANA
Investigation by the Indiana Department of Financial Institutions (“Department”) has
determined that your company is among several unlicensed entities making or offering
consumer loans to residents of Indiana via the internet.
Depending on the type of loan being offered, your company is in violation of IC 24-4.5-
3-502 and/or IC 24-4.5-7-102. These statutes reference consumer loans, and/or Small
Loans (commonly referred to as “Payday Loans”) and require a license issued by this
office in order to make these consumer loans.
During the recently concluded session of the Indiana General Assembly, there was a
change to the statute governing the territorial application of the Indiana Uniform
Consumer Credit Code, including the Indiana Small Loan Act. Effective July 1, 2007, IC
24-4.5-1-201 requires internet lenders to be licensed, and to comply with Indiana law,
when making loans to Indiana residents. Additionally, IC 24-4.5-1-201( reads “If a
creditor has violated the provisions of this article that apply to the authority to make
consumer loans (IC 24-4.5-3-502), the loan is void and the debtor is not obligated to pay
either the principal or loan finance charge, as set forth in IC 24-4.5-5-202.”
You are advised to Cease and Desist the offering of these types of loans to Indiana
residents unless/until you have obtained the proper Indiana loan license. Consumers will
be advised that these loans are not in compliance with Indiana Statutes and that these
loans are considered null and void, and as a result, uncollectible. Additionally, the
Department may seek injunctive relief under IC 24-4.5-6 in the event of continued noncompliance.
All Financial Institutions operating within the state of Indiana will be advised that
electronic payment and / or paper/check transactions connected with these illegal loans
should be rejected if an entity is unlicensed. Consumers will also be advised on the
procedure to stop electronic debits to their accounts using return codes.
Questions concerning the acquisition of a loan license may be directed to this office.
Information is also available via our website at www.in.gov/dfi
Sincerely,

Mark B. Tarpey
Supervisor – Consumer Credit Division


The only kind of preditors I like to see or hear are the type that can't speak or use the phone, ie. tigers, sharks, lions, bears

Jen




actually i was attacked by a small shark in florida 4 yrs ago.the
shark was easier to handle and more pleasant than these mopes.

Sub: #1 posted on Tue, 07/29/2008 - 01:06

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

I love it!!!!!!
Good for you.

Sub: #2 posted on Tue, 07/29/2008 - 01:08

Unregistered


:shock: Paul! Seriously? How badly were you hurt, and what did you do to get it to stop? I'm sure a cease and desist letter wouldn't do the trick for him either.. :?
xxx
Jen

Sub: #3 posted on Tue, 07/29/2008 - 01:22

jennifer_bailey75 jennifer_bailey75

(Posts: 154 | Credits: 19.82)

yes have a four inch gash on my left leg,actually used shark repellent like in batman.LOL.

Sub: #4 posted on Tue, 07/29/2008 - 01:28

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

paul. . I am glad that all came out okay with you and the shark. And Jen, I disagree with you, I think the shark would probably have a better sense of honoring a C and D letter than do the PDLs!

Sub: #5 posted on Tue, 07/29/2008 - 01:38

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

Paul, I'm also glad you came out okay. Now you have a nice war wound to show off and a story to tell. Some girls like scars.. lol.

llw,Better sense yes, but I still wouldn't want to try relying on that only. We need to come up with "shark repelent" for the PDL's too.. :wink:

The difference between PDL's and Sharks is that the PDL's like to swim around and look for prey (mainly the wounded because they don't have the teeth to bite like they claim to.). I guess that would make them more like pirranahs, especially since they like to strip the meat off the bones. Pirranah Payday Lending has a nice ring to it.., :roll:

Jen

Sub: #6 posted on Tue, 07/29/2008 - 01:47

jennifer_bailey75 jennifer_bailey75

(Posts: 154 | Credits: 19.82)

just for the record,i never insulted or intended to insult sharks or piranhnas.if i did i apologize.

Sub: #7 posted on Tue, 07/29/2008 - 01:55

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

OOOps!!! :oops: Great, thanks Paul, make me feel bad now. Nice disclaimer. I should do the same. Another difference between PDLs and sharks.. Sharks have feelings :cry:

Sub: #8 posted on Tue, 07/29/2008 - 02:09

jennifer_bailey75 jennifer_bailey75

(Posts: 154 | Credits: 19.82)

Why won't sharks eat PDL's...

...professional courtesy!!! :)

Sub: #9 posted on Tue, 07/29/2008 - 02:46

desperatelyseekingsanity desperatelyseekingsanity

(Posts: 1129 | Credits: 58.41)

Good one deperatleyseekingsanity! I guess as long as we can see some humor in this, there is still hope for all of us!

Sub: #10 posted on Tue, 07/29/2008 - 06:44

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 2.234 seconds.