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Posted: Wed Apr 25, 2007 2:11 pm Subject: Cashnetusa

Hello all,

I am not sure how to proceed with some of my payday loans. In particular, I need advise on how to handle my loan with Cashnetusa. I am wondering if I can settle my account for a lesser amount than they are requesting. I live in Wisconsin, and had a $300 loan with them, with a bi-weekly refinance fee of $69. Previously, I had paid off two prior loans to this loan defaulting. I am in default by three months now. They only offered me an option of paying it off in 2 payments of $184.12, but with trying to keep current with my other bills, it's just not feasible at this time.

Thanks to all for their help!

katusha2007

Posted: Thu Apr 26, 2007 6:31 am Subject:

You need to write a proposal letter to CashNetUSA and send the money along with it. If they cash your check, it will be understood that they are willing to work with you. Make sure that you send it through certified mail with return receipt requested. This will leave a proof of your actions taken to resolve the matter.

Posted: Thu Apr 26, 2007 6:56 am Subject:

Cashnetusa will often say they won't accept a payment plan, but if you do as Orake says and just send them a money order with the proposal, they will cash it. They can be difficult to arrange payment plans that are affordable with, but if you keep sending them money regularly, they will accept it.

Posted: Thu Apr 26, 2007 8:02 am Subject: RE: Cashnetusa

Ok, that sounds reasonable. Is there a link or a page that has good samples of proposal letters to send?

Posted: Thu Apr 26, 2007 8:35 am Subject:

That is what I am doing with cashnet. I send them 20 bucks a month..They still send me emails but they cash my money orders so I guess they aren't too mad..LOL all they want is their money!

Guest · Posted: Thu Apr 26, 2007 9:59 am Subject: RE: Cashnetusa

Wow...well, that gives me comfort! Leah, how long have you been sending about $20 a month, and if I may also ask, how much did you originally owe them?

Posted: Thu Apr 26, 2007 10:13 am Subject:

I owed them 192.50, I have only sent them two payments thus far. They call once in a while and send an email message every couple of weeks but thats about it

Posted: Thu Apr 26, 2007 10:22 am Subject:

Wow they email me every other day. They have stopped calling me though so I can't complain. Their collectors aren't very nice but Leah is right that they will accept whatever you mail in.

Posted: Thu Apr 26, 2007 10:45 am Subject: RE: Cashnetusa

Did you use MoneyGram or Western Union to send in payments? I wish I could use cashier's check or money order, but I am not sure if they accept those. I thought I saw it as on option on an email they send me, but unfortunately I deleted it. When I spoke to the lady in collections she wanted my credit card (NO THANKS) or Western Union/Moneygram.

Posted: Thu Apr 26, 2007 11:45 am Subject:

I sent money orders! I have the address here...Hang on let me see if I can find it:
PO BOX 06230
Chicago IL 60606-0230

sandyhidalgo · Posted: Thu Aug 23, 2007 12:25 pm Subject:

Orake - Do you have the proposal letter you sent to CashNet? I'm wanting to send them one myself, but need some assistance in do this.

Laurel · Posted: Mon Aug 27, 2007 4:54 pm Subject: Payday.loans.yes

Does anyone know the address of payday-loans-yes? I also have a loan and wish to pay it off by money orders sent monthly. They refuse to do that over the phone or via e-mail.

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