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I had an account with Cash Jar that I paid the principal + $975 back. I sent them a letter stating I wish the account closed PIF due to their being illegal. Just got a response they sold my debt to a third party collector. I asked them to provide the debt collector's details. Do they have to provide this or do I just wait until the debt collector contacts me? Also, the debt is still considered illegal even if it went into collections, right? I live in PA.
Account closed PIF due to their being illegal
All lenders in PA are illegal. You owe them nothing more than the principal balance. Since they are illegal, so it’s hardly matter whether or not your account has been assigned to the CA.Close down your old bank account and open a new one to stop debiting money from your account.
Since the loan is illegal, you just need to repay the principal and not the interest. You may file a complaint with your state's AG and Pennsylvania Department of Banking.
well
some do and some don't provide the name of the bottomfeeder they sell it to.if they don't just wait and know that anybody that calls on this will be a bottomfeeder that will threaten everything,but do nothing.