01-10-2013 06:44 AM
I know, I am kicking myself in the rear, however, back in October, I took out a cashcall loan. My questions are
1. Has anyone had any luck settling with them? I really want to pay it off, but it states I owe over 3.5k and the original loan was for 2.5k. I have been writing them every single day with no response whatsoever.
2. I read last night on a different forum that it is illegal for them to post to your credit report because of NY's banking law and they are actually commiting a felony by the interst rate. Has anyone heard of this? I am going to send over the supporting documentation to EQ and EXP where it is reporting, but was hoping someone else had some luck.
01-10-2013 07:03 AM
When you say original loan was 2.5k...does that include their interest/loan origination fees?
I helped my sister out with PayDayOne...they sold her unpaid loan off to a CA within 30 days, but the balance was for the original agreed to amount. She settled for 70% and it never appeared anywhere on her credit.
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