mortgage late over 30 days
Date: Wed, 09/19/2012 - 17:19
I am in a bit of a mess. I have been paying my mortgage late within 30 days for the past 6 months. I did a stupid thing of taking out several payday loans and a Western Skye/Cash Call loan for $2500.00 I had to end up closing my bank account to stop the pdls because I had a big car expense and could not keep up with all my payments. This past mortgage payment was almost 45 days late, I had advised my credit union that the payment was going to be late and in fact always email them even when it is 30 days late. I am going to have pay the 45 days again but I know I cannot go on doing this forever. I do not want the credti union to start foreclosure procedings. Can they do that after just 45 days? I plan on notifying them that I will at least get it back to within paying within the same month for the October 1 payment. Naturally all the pdls and Western Sky will have to wait until I can catch up with my mortgage. Any advice would be appreciated.:lol:
Western sky is an illegal lender. You owe only principal - work
Western sky is an illegal lender. You owe only principal - work it out on your own terms. Who are your other lenders, and what state do you live in?
As for the mortgage, I'd honestly be surprised if they foreclosed on you for a 45 day late. I would go into the branch and tell them that on October 1st, you will bring the entire mortgage current.
Forget about the PDLs now and ignore the phone calls. Just conce
Forget about the PDLs now and ignore the phone calls. Just concentrate on getting your mortgage payment up to current. Foreclosure you will not need to worry about for at least 90 days or so.
Thanks for your feedback. Western Sky acutally sold my loan to c
Thanks for your feedback. Western Sky acutally sold my loan to cash call which I think is a legal lender. Amazing how they know to get around the loopholes. I'm not too worried about cash call. They keep sending me emails telling them to call and work something out. I acutally send them half my payment and will send the other half at the end of the month. I will not be able to send them anything when I catch up with my mortgage. By the way, I live in New York. I had Payloans with Star Cash Processing, took a $500.00 loan and paid them $250.00 in principal payments, so I am sure with the rollovers I've already reached the $500.00. EZpayday cash, borrowed $450.00, paid 1 payment of $185.00, OPD Solutions, paid several rollover fees, and owed $250. principal. OPD sent the loan to a debt collection called National Processing of America. I also had a loan with ItS my Payday. They always just kept refinancing my loan before I paid it off. The last principal balance left for Its my payday was $900. Since they had a mailing address, I sent them a money order for $50.00.
As far as my mortge goes, my credit union inundates me with robo calls and voicemails whenever I go past 15 days late, no matter how much I let them know when I am paying but I agree that I do not think they would try and foreclose for just 30 or 45 days late at the most as long as I pay the interest charges.
Quote:Western Sky acutally sold my loan to cash call which I thi
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Western Sky acutally sold my loan to cash call which I think is a legal lender. |
Doesn't matter. The original loan was illegal. You only have to pay them back whatever they deposited into your account. CashCall knows this. Don't let them feed you their line of BS.
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By the way, I live in New York. |
Payday loans are illegal in NY.
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I had Payloans with Star Cash Processing, took a $500.00 loan and paid them $250.00 in principal payments, so I am sure with the rollovers I've already reached the $500.00. EZpayday cash, borrowed $450.00, paid 1 payment of $185.00, OPD Solutions, paid several rollover fees, and owed $250. principal. OPD sent the loan to a debt collection called National Processing of America. I also had a loan with ItS my Payday. They always just kept refinancing my loan before I paid it off. The last principal balance left for Its my payday was $900. Since they had a mailing address, I sent them a money order for $50.00. |
All of these are illegal. I wouldn't pay any of them another penny. And, if you've paid more than what they deposited, ask for a refund.
Check out my signature link.
Thanks for the helpful. That is a load off my mind especially fr
Thanks for the helpful. That is a load off my mind especially from a fellow New Yorker. I will pay them any principals I owe them but only when I can afford it. I have paid some of those lenders off and reloaned with them, so rest assured they made plenty from me already!:p
I am in NY as well - you can repay them at your convenience and
I am in NY as well - you can repay them at your convenience and include previous loans to the current one. So if you had two three hundred dollar loans that you paid back 390 on each, you only pay back 120 on the last loan.
That is what I plan to do! I'm sure they know they do not have a
That is what I plan to do! I'm sure they know they do not have a leg to stand on. The calls hav not even been that bad. Someone must be watching over me!
thanks