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Dealing with Cash Call...

Date: Thu, 09/27/2012 - 18:58
Submitted by EKUfan on Thu, 09/27/2012 - 18:58
Posts: 61
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Well, I finally did it. I cut off the cash flow to Cash Call. I closed out my bank, WF assured me that my other account was not linked at all (I had no problems with them last year when I closed my account while dealing with internet pdl's. Naturally, they sent me the following letter (I know, it is there standard reply, right?).
I did research on these loans in Virginia, and talked to a really great person at VaPerl, who gave me all the info on why these loans are void and unenforceable in Virginia (Cash Call and Western Sky are both illegal). I'm just glad I'm going to see 300 more dollars in my checking account this month!

Dear M.D,
This letter is being sent in response to your inquiry of September 26, 2012 in regards to the interest rate charged in conjunction with your loan.
Your loan was funded by Western Sky Financial ("Western Sky") on May 13, 2011, in the amount of $2,525.00, which is the loan amount of $2,600.00 minus the $75.00 Prepaid Finance Charge/Origination Fee. Western Sky is a wholly Cheyenne River Sioux Tribal Member owned business and is located and operates within the exterior boundaries of the Cheyenne River Indian Reservation. Western Sky loans are initiated, approved, issued and disbursed within the confines of the Cheyenne River Indian Reservation. Western Sky is licensed with the Cheyenne River Sioux Tribe. Western Sky does not have any physical presence in your state or any other State of the Union. The laws of the Cheyenne River Sioux Tribe apply exclusively to the terms and conditions of your loan, and you further accepted this choice of law and jurisdiction by executing your loan document. These facts were explained to you when you applied and again when you signed your Promissory Note. As a courtesy, please find attached an additional copy of your loan Note for your records.
Please also be advised that on May 16, 2011,per the NOTICE OF ASSIGNMENT, SALE OR TRANSFER OF SERVICING RIGHTS e-mail sent to the e-mail address you provided, your loan was sold to WS Funding, LLC, and is currently being serviced by CashCall. If you have any questions regarding your loan, current balance, or payoff amount, you may call our Customer Service department at 1-877-525-2274. Our hours of operation are 6 a.m. to 8 p.m. Pacific time Monday through Friday; 6 a.m. to 12 p.m. Pacific time Saturday. If you are unhappy with Western Sky, WS Funding, or your loan in any respect, we would advise you to pay it off now without penalty.
We hope that this response has answered your questions. Please do not hesitate to contact me if we can be of further assistance.
Sincerely,
Jean Kohles
Customer Service Manager
CashCall, Inc.
(877) 525-2274 ext 5844
So, what should I expect next? I know that they are going to likely harass me to distraction, but I 'm going to stick to my guns.
Moira4EKU


Before we advise you on what you should do, how much have you paid so far to the loan? If you took it out in May that's gotta be way overpaid by now... are you trying to seek a refund, or just get them off your credit report? If it's the former I have to be honest, I've never seen anyone get a refund from these guys. If the latter, your best bet is to find a NACA attorney to draft them a letter demanding they remove from your credit report. Where in VA are you? I live about 3/4 of my time in Herndon. If you are down past Richmond I have to be honest I do not know of anyone down there. If you are up here or in Norfolk area there are a ton.


Submitted by waffles on Thu, 09/27/2012 - 20:29

waffles

( Posts: 1697 | Credits: )


I have paid $2,002.25 over the principal! I am not giving them a dime more. Come Monday, they won't be able to get a cent from me.


Submitted by EKUfan on Sat, 09/29/2012 - 08:06

EKUfan

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