I have a very old and troublesome student loan. West has purchased my debt. I now have the means to offer them one lump sum and hopefully negotiate a reasonable settlement. Should I try this myself or should I seek a professional negotiator? How can I be sure that if I pay them a lump sum that they arent just pocketing the money and not actually retiring the debt once and for all?

Almost 7 years ago I had an 8,000 loan, it's sort of a long and very personal story, but thanks to my ex, I was in default for almost six months before I even knew it. I have been saving up the past couple of years to raise the funds to file for bankruptcy. So this morning, completely out of the blue, I check my messages and I have this message from a woman from "Federal Processing" saying they are investigating me for criminal charges for income tax fraud. I panicked and called back immediately and almost right away she brings up this loan and wants me to start making payments on it.

I'm 28 years old. Got my self in trouble with loads of debt. Big part of being school and bank loan. My monthly payment is just over 700 dollars and it's becoming unmanageable. Not sure what to do. :confused:

I live in Missouri. Tower Loan mailed a check to me and I cashed it. There were no loan papers signed and we have no other relationship. I have been unable to make payments, and wonder what they will do now. Can they garnish my wages? How would they even know where I work? For a variety of credit problems I am considering bk, debt consolidation, etc. Just wondering if anyone has experience with this company, or similar. Thanks!

A lady called a week ago daying she was on her way to serve my husband papers for a bad check and something else to do with an online pdl that was unpaid. She said he could be facing jail time and gave me a number to call for details and a case number. I called and talked to another lady said I could pay the debt and no charges will be filed. So I set it up, not wanting my husband to be in trouble. He got home later and said he never had a pdl with jvc or bmg, wich the second lady said was the original creditors.

Here is the list of lenders and all I have paid over time. My question is : if i overpaid on previous loans, can i count that towards any open loans i have with the illegal lenders? i have already closed my bank account and am sending the ACH revoke letters via email tonight to all the lenders. By the way, i just found out that these interent lenders were illegal. i guess i was an easy target and thought i was doing well borrowing and paying off even though it was expensive.

What is the best way to find out if your internet PDL companies are licensed in your state--Texas? Where can you check to see if they are-is there a website through the AG office or where do I begin looking?

Hi I have a payday loan with epprocessing, do you know if this is a illegal payday loan company? thanks.

Ok, so here is my update with Western Sky/Cash Call. I want to thank waffles in advance for all of her help with everything so far! ( Along with anyone else who has given me advice on how to deal with this company) I was trying to work with a comsumer affairs lawyer here who basically told me that there is nothing he can do about fighting the contract, and there was nothing that he could see that was going against the Fair Debt/Fair Credit reporting act. So basically talking to him was useless.

This afternoon I got a phone call from someone claiming to be the Court Marshall for my city. She said she had a court summons for me. She gave me information, and at first led me to believe that it was my bank who issued the summons. I told her there is no way they issued anything as I have been in that bank almost every day for the past month trying to resolve my account being compromised. She changed her tune a bit and finally led it to be about Lazer Lending and another of their affiliates SGQ.