collections on illegal payday loans
Date: Wed, 06/20/2012 - 14:13
Yeah??? you are still liable for the principal only as your
Yeah??? you are still liable for the principal only as your lender is illegal.
You owe principal only. Close your old bank account and open a n
You owe principal only. Close your old bank account and open a new one. Glance through this page to know about illegal lenders:
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
NEVER pay a collection agency for an illegal payday loan. They
NEVER pay a collection agency for an illegal payday loan.
They CANNOT validate the debt, as it was illegal. If you are going to pay off your principal, pay your original lender only. Do NOT pay a CA.
When I pay the original lender (Plain Green) do they notify the
When I pay the original lender (Plain Green) do they notify the CA so that the collection will go away? And what kind of information do I need to turn in to the credit bureaus when I dispute this collection? I think I have to turn in proof that the collection is illegal.
You ask the collector to validate the debt. They can't. It was
You ask the collector to validate the debt. They can't. It was an illegal loan. They'll send it back to the original creditor. Contact Plain Green and let them know you'd like to pay this off, on your terms.