confused about think cash
Date: Fri, 10/17/2008 - 01:33
Loans are offered by First Bank of Delaware, a federally regulated state financial institution not affiliated with ThinkCash. ThinkCash does not grant or deny credit with respect to these loans. All loans are subject to credit approval.
How are they the original creditor? Wouldn't that be First BofDE?
And CashCall for that matter! They say the same thing.
I'm just not getting it.
Think Cash is like the broker, they found you the loan with Firs
Think Cash is like the broker, they found you the loan with First Bank of Delaware which by the way is not a pdl but an installment loan. They are considered legal. I dont think I am wrong on this one but hopefully someone else will be along to help.
That's where I get confused. I know it's an installment loan thr
That's where I get confused. I know it's an installment loan through First BofDE, but then wouldn't Think Cash be considered a collection agent because they do not hold the loan personally?
Think Cash is just managing your account for First Bank of Delaw
Think Cash is just managing your account for First Bank of Delaware. The First Bank of Delaware is completely legal and is an FDIC institution. I guess Think Cash would act as the collection agent for FBOD but I am not sure about that so hopefullly someone with more experience than me will jump in to help. I do know that FBOD can take legal action if you do not pay your loan. I dont know how they are to work with but I would recommend staying in touch with them and try to work something out. Illegal Pdl's you can ignore and put up with their harassing phone calls but I think legal companies are more willing to work with you if you show an effort in paying them and keeping in touch with them to show good faith. Of course, keep in mind this is just my opinion and someone else may think otherwise.