ED Magedson – Founder
Western Sky I think they take loan app info and sell to collection agencies Timber Lake South Dakota
I can't prove that these two things were related, but I think they were.
After applying to WesternSky for a loan, shortly after that my bank account was seized for back taxes.
Now, you might think the seizure was a coincidence, but I'd been mostly unemployed since 2009, had no money but what was borrowed from relatives, and the tax man hadn't been bothering me. In fact, I only had $300 in the account, and it was borrowed from a relative to pay for expenses until my first payday.
So I gave WesternSky all this info in the loan application -- my bank account, my job, etc., and suddenly the state takes the account and sends me to a homeless shelter until my first paycheck. (I paid them the balance after the job got going, but making me homeless? That I won't forget.)
They turned me down for the loan -- my job was new and my credit not so great after the 2008-present economic depression. But I think part of their business model is making money by turning peoples' info over to collection agencies.
This report was posted on Ripoff Report on 07/10/2013 05:46 AM and is a permanent record located here: http://www.ripoffreport.com/reports/western-sky/timber-lake-south-dakota-57656/western-sky-i-think-they-take-loan-app-info-and-sell-to-collection-agencies-timber-lake-s-1065805. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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