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CashCall.Western Sky...again

Date: Tue, 10/09/2012 - 21:49

Submitted by beckylj
on Tue, 10/09/2012 - 21:49

Posts: 26 Credits: [Donate]

Total Replies: 3


So - I have lots of threads on Western Sky selling the loan to Cash Call; however, I am a bit different. I applied to Cash Call and they sold it to Western Sky.

I live in Maine, and have overpaid this loan to the amount of almost 7k - yet, Cash Call is an approved lender in the State of Maine...which I am sure is for their mortgage side of the house. However, I am getting ready to send my letter to them and want to make sure I have my facts straight.


This is something entirely new for me. I am coming across this situation for the first time. Things are still pretty positive given the fact that WS, who is servicing/collecting the loan repayments, are not licensed to do such things in your state (this part I am kind of sketchy on. The loan may be legitimate but the collectors are not. Just keep tracking your credit report.

If you have any new information regarding this, please post it here so that we can learn ourselves and help other people get out of debt.


lrhall41

Submitted by Steve Barris on Wed, 10/10/2012 - 00:31

( Posts: 1043 | Credits: )


Your loan is still being serviced by cashcall. Western sky is a front; they don't have the infrastructure to independently service loans. And just because CC is a mortgage lender doesn't mean they are legal to do personal loans. This is all that is relevant : 18% is the usury rate in Maine


lrhall41

Submitted by waffles on Wed, 10/10/2012 - 03:49

( Posts: 1697 | Credits: )