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Cash Central Demand Letter

Date: Mon, 01/28/2008 - 10:45

Submitted by dointelecom
on Mon, 01/28/2008 - 10:45

Posts: 17 Credits: [Donate]

Total Replies: 13


Got a demand letter at home from Cash Central today. Do these things have any teeth? I just reported them over the weekend to the BBB? Should I be concerned about wage garnishment? I sent all of the necessary revocation letters but can't recall if Cash Central was voluntary one or not.

Thanks


Cash Central offered me a settlement today (I am in PA.) Original loan was $500 - they say I owe $770 between principal, NSF fee, and finance charges. I have already paid $125 - they want to settle for an additional $500. I think I originally offered them $422 because I was off on the math. My thought is that I offer them $375 firm and final, and have already copied the UT BBB, who acknowledged receipt of the complaint. Should I counter offer the $375 for PIF and copy the UT BBB again, referencing the complaint number? They claim since they are licensed in UT, UT law applies, not PA. Thanks..


lrhall41

Submitted by dointelecom on Tue, 01/29/2008 - 15:07

( Posts: 17 | Credits: )


Hi Goudah...I have a link to one of the Odgen Newspapers and the article is interesting. I think the fact that I pointed out the connection really set them off. A cross reference check on the bbb also shows that some of the same key folks at Cash Central were also formerly associated with Quick Payday. Per forum rules, am I allowed to post the link or do I need to PM you? Thanks


lrhall41

Submitted by dointelecom on Wed, 01/30/2008 - 20:54

( Posts: 17 | Credits: )