Hello. I am new to this forum, and I hope I am in the right place. About three years ago, I took out an installment loan with Radiant Cash. They are a tribal loan company based on the Lac Du Flambeau reservation in Wisconsin. Their website sates "RadiantCash Loans are offered by Ishwaaswi, LLC dba RadiantCredit. Ishwaaswi, LLC is a Native American owned business created by and for the Lac Du Flambeau Band of Chippewa Indians, a Federally Chartered Sovereign American Indian tribe. RadiantCredit is operated on the Lac Du Flambeau reservation located in Wisconsin."
I live in Virginia. I have received two phone calls from Parker, Fellows, and Smith, a supposed collector for Radiant Cash, but I can't find a website or any information on the collector. Is Radiant Cash illegal in Virginia? I borrowed $300, and I paid back $165. So, would I be obligated to pay the remaining $135 and not the interest?
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.