I sent them my C&D letter via fax and email and they have forwarded me the following: Dear:
Will you read this and tell me if I need to add anything or word anything better.
We did receive your faxed correspondence and would like to inform you that we will no longer be contacting you via phone as per your request.
We are willing to accept payment arrangements for your past due balance of $740. Please inform me of the dates and amounts of payment you will be making to rectify the total past due balance. Once we have reached a payment agreement, if any payment is not satisfied we will have no choice but to forward your account to our third party collection agency. Please email me with the necessary information. Here is our address for sending payments.
Sonic Cash 1861 N. Wildwood Street Boise, Idaho 83713[/font][/color][/color]
My question is the following: My initial loan was for $500...i did two extensions and already paid 200....do I owe them the 720 or just the 320????
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.