Western/Cash Call
Date: Thu, 12/22/2011 - 09:02
[/INDENT]I have searched the posts and cannot find the topic I am looking for. Here's the story, took a loan with western sky and as we all know now services by cash call. I live in PA and now know these loans are illegal. Contacted cash call and told them I will pay the principal balance and only that, send c&D letters, stopped ACH. Received a letter yesterday from CC stating they would lower my interest rate to 47% and lower my payments if I signed a modification agreements. Sent them a letter back stating my terms, to which I received another letter with their response " we are a tribal tribe yada yada yada. My main problem is they are reporting to the major credit bureaus now a 30 days late. I have disputed with the CB's but I am at a loss as to how to proceed. How can they legally report to CB? How do I get this removed? Thanks for any help in advance.
It is true that lending of pdls in PA is illegal. You're only ob
It is true that lending of pdls in PA is illegal. You're only obligated for the amount you borrowed from the pdl companies. Pay only the principal amount. There is no need to pay money on the interests. Don't enter into a payment plan with them. When did you dispute the items with the credit bureaus? It takes some days to get the result. So, wait for a few days.
also wondering
I'm also wondering how to have this removed from my credit report. I notified the credit agencies and they put a "fraud alert" on my credit report, but cash call is still showing up. Cash call also refuses to send me a valid debt verification letter (mostly because they can't since they are illegal in VT).
Cash Call is on my Experian and Equifax reports but not Transuni
Cash Call is on my Experian and Equifax reports but not Transunion. I asked them about this and they told me that they only report to 2 which is weird.
Anyway, I know that they are illegal in my state that they are being investigated by the attorney general. The thing is, I have seen posts on this forum (albeit, older posts) saying that Cash Call is 100% legal and backed by a bank.
So, are they or aren't they legal? If they aren't legal, it seems weird that they would be reporting monthly activity to the credit bureaus. I didn't even realize that they were on my credit until yesterday when I pulled my reports. Its fine, because I'm paying it so if anything, its helping my abysmal rating but it makes me nervous about other illegal lenders reporting. Advice?
do this
file AG,AND FTC complaints against both western sky and cashcall.then dispute it with the CB'S and include that info when you dispute.they will remove it once that fact comes to light.
