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collections on illegal payday loans

Date: Wed, 06/20/2012 - 14:13

Submitted by anonymous
on Wed, 06/20/2012 - 14:13

Posts: 202330 Credits: [Donate]

Total Replies: 5


I believe I have a collection on a loan I took out with Plain Green loans on my credit report. If an illegal payday company sells your account to a collection agency are you still liable for the principle amount only?


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.


lrhall41

Submitted by on Thu, 06/21/2012 - 07:15

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