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.
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.