I have an installment loan with Rapid Cash and another installment loan with Check City. I am in the middle of a bad divorce and can't afford the monthly payments anymore. I called them to try to set up a repayment plan, but they told me they can't do a repayment plan until the whole loan goes into default. So far I have only one payment in default but by the time the whole loan goes into default it will be double the amount owed.
Can I send an ACH revocation to them and my bank even though they are legal lenders? What can I do???
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