Lakeland West Capital, LLC Debt Collection Complaint

Lakeland West Capital, LLC Debt collection department,

Other (phone, health club, etc.) False statements or representation Attempted to collect wrong amount Maryland

In - my husband and I defaulted on an unsecured loan from our local bank. The - was put into receivership with the FDIC, and its assets sold. Our defaulted loan was sold to - - -, -. One month later it was sold again to - - - -, -. Then in - - it was sold again to Lakeland West Capital, LLC. In - of - we were served notice that we were being sued for this debt, by - -, representatives of Lakeland. I contacted - -, - -, in - - and paid - then to stay the case, and had a conversation with - about being able to pay the balance in near future, if a reduced payoff could be negotiated. He said it could. He emailed me requesting agreeing to $700.00 now/ $ - month. I sent -. When contacted about new payoff - -, he responded with - I replied that the original debt sued for $4300.00, less $700.00, should be more like -. Asked for recalculation, with no further response. I then called - -, collections for Lakeland. The phone was answered


charged, and how my payment was applied and how do they arrive at - for the pay off. She replied that they had paid - in legal fees to - -. and that the payment was applied to late fees and back interest, nothing to the principle. It seemed odd to me that a car finance company is involved in my old loan, so I started -. It appears that -, - - and Lakeland all share directors and presidents that are all interelated, and involved in scores of debt investors '' companies. I feel that they sold and resold my loan to each other to inflate the fees and costs associated with my debt. Furthermore I feel - is in collusion with these people in setting a payment plan '' with no terms, no explanation of how the payments are to be applied, no explanation the INTEREST is still ACCRUING BY THE DAY, how much the interest is or anything else. In my opinion the - - fees are inflated because the summons indicated that - other debtors were in the same batch as my case. Am I supposed to pay - a month FOREVER? In every other instance of setting up payment arrangements, even with credit card companies, they stopped charging interest, and were flexible in the payment amount. When I told - - that I could do maybe - and - a month, his response was Lakeland want - or nothing. What can I do? Thank you,