I have a loan that originated with Think Cash/FBD.

I have a loan that originated with Think Cash/FBD. Think Cash transferred it to Plain Green, not sure when. I stopped paying it in May, sent an email revoking ach and wage assignments. Got emails for a while but then they stopped. I called an offered to settle with them about 6 weeks ago. They say I owe 1200.00 and I offered $300.00. They countered with $700.00 I refused that. Anyway, they said they would report to credit bureau but I told them that I would dispute it because I never signed anything with Plain Green. Haven't heard from them since. Can Plain Green sue me?? Should I call them back or just leave it alone?

6 Answers

Yes! They will report it to the credit bureau! I took out a loan with them last year; I included them in a debt settlement. They reported that the account was charged off less than the balance owed! Yup! it's negative! After reading these posts, I do plan to dispute it! We will see what happens...


so even though the loan originated with Think Cash/FBD it is considered illegal since it is being serviced by Plain Green? 


To know how to deal with illegal lenders, you may visit the following link:
 http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html
 


Soaplady is right. Plain Green does not have the license to operate in USA. They won't report it to the credit bureaus. Neither will they sue you. Just ignore them.


As they are illegal payday lender, Plain Green won't be able to take any legal actions against you. So, as Soaplady has suggested, there's no need to call them back.


Plain Green is an illegal lender ....tribal.  You owe principal ONLY.   Dont bother calling them back.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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