Debt Consolidation Forums Payday Loan help forums

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I have an installment loan at check n go, which is in default. I have made 3 payments of 336.00, but they are saying I still owe 1700.00 on a 1500.00 installment. I can pay them the $237.00 this week to get out default, but all that will do is give me 2 weeks, then I will be back at the same place I am. I asked about a repayment plan, but was told no. I also have 3 internet payday loans. One is payday1, which I have been paying, and have paid the principal, but now still have seven payments of 109.00 left on a $500.00 loan!!! Crazy. I and have 2 other internet loans, one in default, and one that I have paid $100.00 on a $500.00 loan to. On the internet loans, my checking account was closed, so the only one that has my current bank account info is payday one. Can anyone help me out of this mess???




welcome to the forum MC,if you tell us what state you are in
we can help further.

Sub: #1 posted on Thu, 07/31/2008 - 23:01

paulmergel paulmergel
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lI am in Illinois

Sub: #2 posted on Thu, 07/31/2008 - 23:12

mbuchanan-d1 mbuchanan-d1

(Posts: 8 | Credits: 1.42)

being from IL,i can tell you that your internet pdl's are most likely unlicensed,therefore illegal.you only owe the principle on those loans.check-n-go i'm afraid you will have to work out something as that is an installment loan.one more question.

who are the internet pdls
how much borrowed from each
how much paid total to each.
please supply that information.

Sub: #3 posted on Thu, 07/31/2008 - 23:35

paulmergel paulmergel
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(Posts: 15506 | Credits: 1356.56)

Internet pd loans from
Payday one-500.00-paid over 400.00
My Cash now-500-paid 0
Quick Click loans-1000.00 paid 300
How can I work anything out with Check n go if they won't agree to a payment plan?

Sub: #4 posted on Thu, 07/31/2008 - 23:39

mbuchanan-d1 mbuchanan-d1

(Posts: 8 | Credits: 1.42)

the situation with check-n-go is it is an installment loan.different rules apply.unfortunate it is,but the internet loans
you can pay at your leisure.here is what you owe each.

paydayone 100.00
mycashnow 500.00
one click cash 700.00

i would take care of check-n-go before the above because of
the terms and they can take legal action.you may have to pay
according to your agreement with check-n-go.

Sub: #5 posted on Thu, 07/31/2008 - 23:54

paulmergel paulmergel
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(Posts: 15506 | Credits: 1356.56)

Thanks for the advice!!! I will do my best with checkngo.
Any suggestions on what to say to the internet people when they harass me for money?

Sub: #6 posted on Thu, 07/31/2008 - 23:57

mbuchanan-d1 mbuchanan-d1

(Posts: 8 | Credits: 1.42)

One more question; once I have paid the prinicipal on the internet loans, am I able to stop the withdrawal's from my account without fear of being sued?

Sub: #7 posted on Fri, 08/01/2008 - 00:00

mbuchanan-d1 mbuchanan-d1

(Posts: 8 | Credits: 1.42)

I wouldn't advise you to give out your account information to ANY of these pdl's, once one has the information, it seems like they all do. Pay them through USPS with money orders only.

Sub: #8 posted on Fri, 08/01/2008 - 00:04

Shazzers Shazzers
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ACH withdrawals are revocable, so they can't sue you for that. Any legal lender can sue you for non-payment. Pay what you can (as soon and quickly as you can) to prevent them from taking legal action.

If these things default, it usually goes to their in-house collections first. It is there that I have had success in setting up a payment plan with them. If you don't pay them, they (legal ones) can sue you. Your defense if the non-legal ones try to collect/sue is that they are not legal to lend, then, therefore, they have no claim to collect.

Sub: #9 posted on Fri, 08/01/2008 - 00:09

desperatelyseekingsanity desperatelyseekingsanity

(Posts: 1129 | Credits: 58.41)

payday one and quick click already have my bank info - once I have paid them off the principal, should I have my ach withdrawals stopped? Do I need to let the internet loan places know that I have paid the principal, and due to them not being legal in IL, we are done?

Sub: #10 posted on Fri, 08/01/2008 - 00:12

mbuchanan-d1 mbuchanan-d1

(Posts: 8 | Credits: 1.42)

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