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 Posted: Wed Jul 04, 2007 5:27 am |
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what can a storefront check n go do to me if the loan has been in default for 2 months. i have sent via cert/ret.rept. a payment plan proposal, do not garnish wages, and have sent a letter to AG. Do they always wait this long for a response, or do you think they are getting ready to attatch me. My checking account is closed.
thanks,
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Lukeskywalker
Joined: 19 May 2007
Posts: 1907
Debtcc Points: 16266
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| Posted: Wed Jul 04, 2007 6:01 am |
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Actually, I do believe that if they are storefront, they are probably licensed to lend in your state, which opens up the possibility of a civil suit against you. You may want to read your loan agreement with them and see how they handle their collections.
Here is your state law, hope this helps.
| Quote: | Quote:
Illinois State Information
Legal Status: Legal
Citation:
815 Ill. Comp. Stat. Ann. § 122/1-1
Loan Terms:
Maximum Loan Amount: lesser of $1000 or 25% gross monthly income
Loan Term: 13-45 days
Maximum Finance Rate and Fees: $15.50 per $100
Finance Charge for 14-day $100 loan: $15.50
apr for 14-day $100 loan: 403%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 7 days after 45 consecutive loan days
Repayment Plan: Yes
Collection Limits:
Collection Fees: One $25 NSF fee (Presentment limit = 2)
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Illinois Division of Financial Institutions
Address: Consumer Credit Section, 320 W. Washington Springfield IL 62701
Phone: (888) 298-8089
Fax:
Regulatory Contact: Phil Sanson,, Acting Consumer Credit Assistant Supervisor
Regulator Website
http://www.obre.state.il.us/default2.htm |
I would call this number for more information on your state, they would be able to give you information quick.
what I was stating above about civil is that just because criminal action is prohibited does not necessarily mean that civil isn't, not real sure how IL handles this, you are better off calling the number for more information and getting it straight from the horses mouth. Goodluck, hope this helped.
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Working my way out of this debt, one day at a time!
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fedupinpa
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Joined: 22 Jan 2007
Posts: 1666
Debtcc Points: 21403
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| Posted: Wed Jul 04, 2007 6:37 am |
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Your state does allow for a repayment plan. Have you made any payments to them since you sent the letter? I would make them a payment along with sending them another letter stating you would like to make payments to settle the account.. That way even if it does go to court, the judge will be more likely to act in your favor if you have been making them payments. 
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He is your friend, your partner, your defender, your dog. You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart.
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Sassnlucy
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Joined: 12 Mar 2007
Posts: 2620
Debtcc Points: 28250
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| Posted: Wed Jul 04, 2007 7:56 am |
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hey sassnlucy, i sent you a pm a few days ago.
this is the check n go that their repayment plan was to write 10 post dated checks that i had to stop 4 of them. now it is 2 months in default. I sent them a cert/rr letter with a payemnt plan, do not garnish wages,etc 2 months ago. I havent paid anything on this as for as i donkt now how much or who to, or if i should or not. I did send all this info to my AG, they are looking into it.
thanks,
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Lukeskywalker
Joined: 19 May 2007
Posts: 1907
Debtcc Points: 16266
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| Posted: Wed Jul 04, 2007 8:14 am |
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Send me another pm. I didn't get anything from you. On my post, look under it and you will see "profile" and "pm"
Click the "pm" button and there you can send me a private message. Has Check n Go contacted you about this matter? I think I would send them what I could afford, even if it is $20, along with a certified letter stating that you are making payments to settle the balance.
_________________
He is your friend, your partner, your defender, your dog. You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart.
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Sassnlucy
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Joined: 12 Mar 2007
Posts: 2620
Debtcc Points: 28250
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| Posted: Wed Jul 04, 2007 8:27 am |
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Check N Go is licensed. They will take you to civil court, get a judgement, and if need be, with the judgement they will garnish your wages. So revoking any wage garnishment letter won't help, because this company takes people to civil court to get judgements.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71258
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| Posted: Wed Jul 04, 2007 10:43 am |
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I thought they could sue under civil law, they may work with you though, have you tried calling them or stopping in the store itself? They no longer exist here in pa, thank god.
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Working my way out of this debt, one day at a time!
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fedupinpa
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Joined: 22 Jan 2007
Posts: 1666
Debtcc Points: 21403
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| Posted: Wed Jul 04, 2007 10:48 am |
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no,im afraid to go in there. i have paid them nothing so for ,and have sent just letters. I have to wait till i hav the money to send it to their main office. i know they will not just forget about me.
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Lukeskywalker
Joined: 19 May 2007
Posts: 1907
Debtcc Points: 16266
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| Posted: Wed Jul 04, 2007 10:50 am |
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Try calling them to set up a payment arrangement if you are afraid to go in person. If you know when you will have the first payment you can let them know when to expect it, and then stick to the repayment plan.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71258
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| Posted: Wed Jul 04, 2007 11:02 am |
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I would also see if they would let you mail in payments ala money orders. That might be another way to take care of it.
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kscornell
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Joined: 22 Jul 2006
Posts: 3603
Debtcc Points: 32830
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| Posted: Wed Jul 04, 2007 11:27 am |
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In the end, after much going back and forth, they want your money for the loan. They will eventually allow this. Brownsugar has been through the ringer with them and a few other storefronts and in the end it comes down to, "we want our money", the storefront has a physical address right? They receive mail I imagine daily from the postman? Probably do, mail it in to the storefront directly.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71258
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| Posted: Wed Jul 04, 2007 11:34 am |
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Amen, Steelers. Bottom line is, they want to get paid. And if it's by money order, they're still going to get paid--and who cares if it comes via US mail or your feet. As long as it gets there....
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kscornell
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Joined: 22 Jul 2006
Posts: 3603
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| Posted: Wed Jul 04, 2007 11:38 am |
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I know. LOL. Like a person can not figure out the storefront has an address which receives mail from USPS. LOL. I highly doubt they are going to turn down the payment via money order sent to them, just keep it up on a regular scheduled basis and show you have good faith in taking care of the debt.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71258
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| Posted: Wed Jul 04, 2007 11:43 am |
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I once had one with them also in IL. I called them and explained my situation with them and they were more than willing to help me. I was able to set up a payment plan in which I could afford and they were greatful that I was knowleding my debt and working to repay it.
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landrylou
Joined: 04 Nov 2005
Posts: 310
Debtcc Points: 5184
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| Posted: Wed Jul 04, 2007 11:45 am |
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That is good to hear somebody in Ill with experience with this company with a good outcome. Sometimes you will get another person (who is more understandin and willing to work wit you) on the phone. I'm glad you had a favorable outcome in your situation.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5316
Debtcc Points: 71258
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| Posted: Wed Jul 04, 2007 11:52 am |
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I'm rooting! But with PDL's, I really believe that alot rides on the storefront manager. If you have a good one, that's great--but woe to you if you don't!!
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kscornell
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