Email from NorthCash

I got an email today about my outstanding loan with NorthCash. I borrowed $600 from them (they are not registered with my state, I checked the state's business directory) but they want over $800. I made one payment of $160 and then I tried to get them on a debt counseling program with many others.

But, life kept getting in the way and other things had to be paid first and this creditor kept getting pushed back. When I got things a little settled, I tried putting them on a program again. They refused.

Today, I received the email telling me that they have reported my delinquency to the credit agencies and they want the full balance straight away. I am slowly making payments to other accounts (I have paid three off and should have two more paid in two months) and I have no money to spare for this company as my rent is going up next month by $100.

What should I do about this creditor?

4 Answers

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You should pay the principal amount even if the lender is illegal. If they don't agree to that, then don't pay a dime. Okay. They can't do anything. They can't report to your credit report because the loan is not legal. It's a false threat. It's their loss if they don't want to be a part of the debt relief program.


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Since it is an illegal payday lender, you should pay the principal amount, If the call you later, tell then.


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In your state NorthCash isn't registered as a legal payday lender. So, you don't have to worry. Just ignore their mail and tell them that you'll pay only the principal amount.

It's Tiara

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If the payday loan is illegal in your state, you're supposed to pay only the principal amount and not a cent extra.


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