6 pay day loans, and your advice is golden!
Date: Sun, 10/14/2012 - 16:09
Shamrock ($300)
Integrity ($500)
Magnum ($300)
Cashwebusa ($300)
Cashking ($600)
Cashcall (Western Sky originally) ($1000)
We closed our bank account prior to the last round of payments and started sending out letters to the companys on Thursday of last week. I thought I would just pass on what I have experienced so far.
Cashking has received double the original loan amount and responded immediately that the account was considered paid in full, but did not comment on my request for a refund of the overpayment, but at this point, I don't even care about that. I could not believe how easy that one was! I sent the email with the sample text about the overpayment and had a reply within an hour.
I have not paid the original balance for the rest of them:
Shamrock has been the most aggressive and threatening with calling every contact they have for me, my work, etc. and leaving nasty messages. I have already paid them $270 of the original $300 and sent them a payment plan to repay until they have the $390 (loan + finance charge) and I am hoping to hear from them tomorrow via email. I am not answering my calls anymore!
Cashcall is also calling a lot, but I just sent them their letter/email today as it took me a few days to find the original loan info. From what I have read on here, I guess they are the company I need to worry about, but I also proposed to them a very specific payment plan that would have the originally borrowed amount paid in full in January.
Cashweb replied and asked me to call to discuss my proposal so I guess I will call them tomorrow, but I haven't heard back from the rest. I am not answering my calls, so don't know how aggressive any of them are being, but I am hopeful after the positive response from cashking.
At any rate, I just wanted to thank the posters on this forum as I was going to use Oak View Law Group and would have spent more money than necessary (assuming I can negotiate with the rest of them). My advice would be to read the threads that have the instructions and follow them exactly!!
Thank you! Now, if I can just clean up all of our credit card debt the same way I can get on with my life!!!
Please register to the forum!! Quote: repay until they have the
Please register to the forum!!
Quote:
repay until they have the $390 (loan + finance charge |
You do NOT have to pay the 90!! Finance charge for an illegal lender does not exist. Pay them only back the principal.
Keep hitting Cash King with refund demands and see what they thr
Keep hitting Cash King with refund demands and see what they throw up. As for CashCall and Shamrock, pay no heed to their badgering. Its all a lot of hot air. Remember to file your complaints with the AG and the FTC. Moreover, you need to remember that you have no liability here, no need to set up payment plans. You pay them on your own time and when it suits you. The ball is in your court.
Thanks for the encouragement and I will register this evening!
Thanks for the encouragement and I will register this evening! So, after reading this I will be sure to not do any additional negotiations with them and just pay on my terms. I will update you with their responses!!
Need your help
Hi,.. I was just reading your postings and I want to know more about the process, the letters and how to approach the banks to start negotiating a debt.. My son has some financial problems and I would like to help him.
Thanks,