CashCall (from Western Sky)
Date: Fri, 05/11/2012 - 18:22
AG won't do anything.
FTC never answered.
Guess what...the info on this site is great....and the sample letters to send to illegal lenders are great in theory.
BUT, when dealing with a giant like CashCall, it doesn't work.
There is not one, single instance of anyone here or on any other board having any sort of success getting CC to accept the principal only.
The best offer I received was a $1200 payment for a $1000 principal and they would mark the account "SETTLED IN FULL" on my report.
The only way out of this is to pay them the principal, the bullshit "origination fee", and any accrued interest.
1. Which state are you from? 2. In your complaints to the AG an
1. Which state are you from?
2. In your complaints to the AG and the FTC, did you mention that the loan was originated by Western Sky, an illegal tribal PDL?
CashCall itself is a legal lending entity operating under a charter granted by a DE bank. The loans that CashCall themselves originate can be considered to be legal. Your case is completely different. Your loan originator is illegal. If CashCall didn't know what they were doing is illegal, they would have started threatening you with legal action by now.
From Ohio. The FTC and AG were notified of Western Sky's tribal
From Ohio.
The FTC and AG were notified of Western Sky's tribal status. They can't do anything about this, since the tribe is considered a sovereign nation...the loan is legal there, but nowhere else.
I'm not worried about CashCall suing me, but I am worried about them reporting to the CRA's and I'm not able to get them removed unless I pay in full.