I know that there have been many threads about Cashcall. But I have not seen anything about whether or not they are legal in Oregon.
I got a loan from Western Sky that was sold to Cashcall. They are claiming that because I received notice of the transfer and I did not respond within the 30 days (I responded in 31 days) that I am now responsible for the bill.
I know that in order for a payday loan to be legal in Oregon that the lender needs to be registered by the state. But neither Western Sky nor Cashcall are considered a payday loan. Do installment loan lenders need to be registered in Oregon in order to lend money?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.