I took out a payday loan last July with Western Sky. They immediately sold it to Cash Call. The total amount with finance charges was $850. I have now paid $826.82. I have closed my bank account to stop the money from coming out. They now are calling and emailing me. The crazy thing is that I log into Western Sky and see my payment schedule, but don't have any log-in to cash call(says I don't exist). It seems like my loan is still through Western Sky. Can I send them the letter listed on this forum about them being illegal in the state of Indiana and agree to pay the remaining principal owed? Will this do me any good?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.