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#1
10-19-2009, 06:01 PM
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Junior Member
Join Date: Aug 2009
Posts: 53
Credits: 898
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Sub:
Cash Central
I am in Minnesota and know from what I have read that Cash Central is legal. I defaulted on a payday loan last January.
Through a debt management program I have been making payments. I have disputed through the AG office and got a response from them. They are saying that I still owe them $795. Which is the original loan amount. They are not reporting the $125 in payments I have made through the debt management plan, which I have cancelled checks as proof. They want $175 a month to pay off (not happening). They never sent me anything in writing whatsoever, no list of payments, history nothing. Do I do a DV to at least get that. They state they follow all debt collection practices. Any ideas on what I should do now. I do not have the money to pay them at $175.00 a month. Do I stick to the debt management plan. 
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#2
10-19-2009, 06:20 PM
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Inform the debt management company, you're paying them to deal with situations like this.
__________________
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#3
10-19-2009, 06:29 PM
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Junior Member
Join Date: Aug 2009
Posts: 53
Credits: 898
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Sub:
I will do that. I was just going through bank statements and I borrowed $600, the fee was $150.00. I made $425.00 in payments so the amount that should be owed on it is $325.00. I can't see Cash Central going for that since they say I owe them $795.00.
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#4
10-19-2009, 06:54 PM
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Junior Member
Join Date: Aug 2009
Posts: 53
Credits: 898
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Sub:
I just relooked at my bank statement for Cash Central and I borrowed 600 fee was 150 for a total of 750. I paid $275 on 2/6 $150 on 2/20 and another $125 to debt management. The combined total leaves me only owing Cash Central $200.00.
Do you think with the documentation and a response from the AG they will agree with that?
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#5
10-20-2009, 04:06 AM
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most likely not.keep in mind they are illegal for a reason.they just don't care about the law.your AG should keep them in line though.
__________________
giving hope to the hopeless,help to the helpless,and hap to the hapless.
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#6
10-20-2009, 04:11 AM
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Sub:
Is Cash Central a online lender or storefront?
__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." -Aristotle-
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#7
10-20-2009, 12:14 PM
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Cash Central is a legal online payday lender. You need to call them and set up an EPP they were fairly easy to work with when I dealt with them. Once the plan is set up all interest will stop. I would deal with them separate from your DM program especially if Cash Central did not agree to participate. JMO
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