CashCall and Western Sky Financial LLC
Date: Sun, 11/04/2012 - 10:20
I have a question. I took a loan out with Western Sky Financial LLC. They are the ones who transferred me the money. However, well before my first payment was taken out the loan was transferred to CashCall Inc. Western Sky is a tribal lender but CashCall is not. As far as I can tell CashCall is taking all of the payment money and nothing is being transferred to Western Sky.
My question is since the loan was bought and being administered by a non tribal entity that is totally outside of the reservation that the loan was gotten from, is it still considered a tribal loan? I have read online that a lot of lenders are unscrupulously getting tribes to sign to allow the tribe to be used for these loans that would otherwise be considered illegal. The tribes are getting very little in the way of actual financial compensation from these loans. Since the tribes are not actually administering or collecting these loans they are not really tribal loans per the Federal Government. Is this the case with Western Sky?
My question is since the loan was bought and being administered by a non tribal entity that is totally outside of the reservation that the loan was gotten from, is it still considered a tribal loan? I have read online that a lot of lenders are unscrupulously getting tribes to sign to allow the tribe to be used for these loans that would otherwise be considered illegal. The tribes are getting very little in the way of actual financial compensation from these loans. Since the tribes are not actually administering or collecting these loans they are not really tribal loans per the Federal Government. Is this the case with Western Sky?
Since your loan originated with Western Sky, it is an illegal tr
Since your loan originated with Western Sky, it is an illegal tribal loan. You are only morally obligated to pay the original principal amount borrowed, no interest or fees.
As long as the loan originator is illegal, the loan remains ille
As long as the loan originator is illegal, the loan remains illegal irrespective of the debt buyer/collector's legal status. You need to revoke ACH immediately and send copies of it to your bank and to CashCall. Keep an eye on your credit report as well, these idiots have started reporting (illegally again) to the credit bureau. If such a thing happens, you need to dispute the tradeline in writing with the CRAs.
