Think Cash/Michael Dendy

Date: Thu, 03/03/2011 - 16:21

Submitted by anonymous
on Thu, 03/03/2011 - 16:21

Posts: 202330 Credits: [Donate]

Total Replies: 2

So I took out a loan in 2009 and quit making payments in the begining of 2010. The loan was for $1000 and I got it down to $700. Well it has caught up with me and they have turned me over to an attorney. They called my work and left a message, I did return the call today and I asked for a validation of debt letter. They asked if they could email it to me and I said no I want it mailed. She told me it went out today. She is claiming it $1700 now. I know I will have to pay it back, but I dont plan on paying $1700. I was hoping on advise to get them to take a lump some. Any one have any luck or suggestions? I dont have any other pay day loans anymore.

Thanks

If the collection agency have validated the debt, then it means

If the collection agency have validated the debt, then it means that they own your debt. In such a situation, you will be liable for paying it in full. However, you can apply for a settlement or consolidation if you're facing problems in paying off the debt in full.

lrhall41

Submitted by Anna Sweeting on Fri, 03/04/2011 - 02:35

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Unfortunately, Think Cash is an installment lender (not a payday

Unfortunately, Think Cash is an installment lender (not a payday loan company) and they are legal. You have continued to accrue interest on the balance and that's why your balance is so high. I would suggest that you try to get a settlement from the collection agency. If that fails, then negotiate payments and have the interest accrual stopped. Since they are legal, they can pursue the debt through the courts.

lrhall41

Submitted by aubrey on Fri, 03/04/2011 - 06:19

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