Borrowed $1500 from Western Sky, they took $500 off the top, sold it to Cash Call. I live in AZ
I have paid $2300+ with 8 months remaining. $166.94 each month since Jan of 2011.
I filed a complaint with the FTC, AZ attorney general.
Cash Call did respond to the letter from the FTC, with the usual legal mumbo jumbo, tribal lender, etc. But offered to reduce my interest to 35% or settle for a lump sum of $550.00. Niether of these offers seem to make any sense, since I have paid the principal already.......however, perhaps it's worth it just to be rid of it?
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.