I've been reading for couple days now and there're so many threads. Its just more i read ,more i get confused. I'm not quite sure about whole process. I have 6 chargeoff's and 1 judgment on my CR ( most of chargeoff's will fall off 2007 , judgment untill 2010) 1. Dispute it with CRA as not mine (if it comes back as Verfied ) 2. Send validation letter to Collection ( CMRRR) (I used validation 1 from ,sample forum ,sent today. and 30 days I don't hear anything , keep sending 2,3 ? I'm not quite sure what to do next. Can anyone give me the link which shows whole process. I've been reading these TOP 6 most viewed topics. but can't find what im looking for. Am i the only dummy here ? Thank u
According to some things I've read on this and other boards, you might want to reverse these two steps. If you demand validation and inform them that you dispute, law says that they are supposed to cease collection activity until they validate. As soon as you get the green cards back from the CA, dispute with the credit bureaus. If it comes back verified, this would be considered collection activity and then you just add this to the list of violations.
WHAT ?!?!? ARE YOU BLOODY CRAZY ????? Q7: What are your loan fees for the cash advance? â?¢ A7: WeGiveCash works with a network of lenders whose cash advance fees are the lowest in the payday loan industry. Fees are as low as $10 per $100 borrowed. YEAH - till next payday? What's that? 1 Week, 2 at the most !!!!! ??? THIS IS LIKE 600% APR Steve, get this guy outta here - paaleeeeez! : (((
$10 per $100 borrowed = 10% every 2 weeks, or about 26 x $10 annually = $260 annually in "fees" alone to borrow $100. That is the best case. For 1 week, or at higher fees, it only gets worse. Most people who can't pay their bills without a payday advance are no better off the next period, since they have already spent their pay, and they have now also paid a fee at usurious (but legal) rates.
