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I really want to get out of the cycle. If I didn't have these payments, I would be ok financially, but large chunks of my income are going to paying these. I can't seem to find which are valid lenders and which are illegal to sent the letter to. I have recently submit an ACH revocation to a few of these.


Balance Credit $2500 owe $2700 paid $3500 - $298 every 2 weeks
Elastic $2500 owe $2500 $200 every 2 weeks
Cash America Today $500 owe $300 $150 every 2 weeks
Spot Loan $800 Owe $850 paid $1000 $150 every 2 weeks
$ Loan Center $2500 owe $2000 $240 every 2 weeks


These were all taken via online, I live in California.




Spot loan - Illegal
Elastic - Legal
Cash America - They are pawn loans
Balance Credit - Legal lender

Sub: #1 posted on Mon, 04/02/2018 - 15:03

SC SC
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(Posts: 3937 | Credits: 398.71)

Pay the principal and interest both amount to the legal lender -Elastic
Pay only the principal amount to the illegal lenders.

Sub: #2 posted on Fri, 04/06/2018 - 18:53

sanderspatricia29 sanderspatricia29

(Posts: 683 | Credits: 71.47)

Cash America - considered pawn loans
Spot loan - Illegal lender
Elastic - Legal lender
Balance Credit - Legal lender

As the later two are legal lender, you need to pay them regularly

Sub: #3 posted on Mon, 04/09/2018 - 11:20

Barbara Delinsky Barbara Delinsky

(Posts: 309 | Credits: 30.78)

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