I have a serious problem. I have an account with Washington Mutual that went into collections (Because of payday loans). The collection agency, ERS Solutions bought the account. I had set up a payment arrangement with them to take out 197.00 every month until it was paid off. I have paid two payments so far (there was only 2 payments left). The third payment was returned because I didn't have enough money in my account. I called them to try to explain what happened and if there was any way that I could work out a further arrangement with them. She told me I could settle for $197.00 and the payment had to be received by 9/28. I don't get paid until 10/1. I explained that to her and she pretty much said tough crap and that she wouldn't do anything with me. She said that it would stay on my credit for 7-10 years. What are my options at this point? I don't have the money to pay until 10/1. I am so upset right now. Someone help!