Internet's first get-out-of-debt community - 136,000 members

Posted: Thu Jun 05, 2008 5:34 pm Subject: thinkcash

What is the deal with think cash?

Posted: Thu Jun 05, 2008 6:43 pm Subject:

what do you mean?

Posted: Thu Jun 05, 2008 6:55 pm Subject:

I'm not sure, would you mind explaining? Very Happy

helpmeplease · Posted: Fri Jun 06, 2008 5:06 am Subject: ThinkCash

I opened a loan with them last year. could no longer afford to pay them. I have not heard from them since. Curious as to why I have not heard from them.

Posted: Fri Jun 06, 2008 6:27 am Subject:

Are they still debiting your account?

helpmeplease · Posted: Fri Jun 06, 2008 6:39 am Subject: ThinkCash

no they have been very quit since my last payment. I contacted them in Jan to set-up a payment arrangement and they agreeded. I did not keep the arrangement, but I have not heard from them either

Posted: Fri Jun 06, 2008 6:54 am Subject:

What state do you live in? I am assuming this is an Internet pdl?

Posted: Fri Jun 06, 2008 7:00 am Subject:

I assumed wrong, Thinkcash isn't a PDL that I know of, it's an installment loan backed by the First Bank of DE. If I am wrong about that someone please correct me. If I am correct, you really need to make other arrangements with them. Smile

Go Texas · Posted: Fri Jun 06, 2008 7:05 am Subject: thinkcash

I am from texas and the same thing happened to me. I had to set up arrangements and have not followed through as I needed to save my house from forecloser and my child with serious health issues. I didn't want to say anything as I might ginx it or something....

My account is closed, I live in TX and not sure what to think about them. I am just sure one day, i will get a letter in the mail from a collection agency collecting for them.

Good luck "Helpmeplease"

Posted: Fri Jun 06, 2008 7:08 am Subject:

Wow that IS strange. I would loose sleep over that Confused

How much did you borrow and how much have you paid?

Go Texas · Posted: Fri Jun 06, 2008 7:13 am Subject: thinkcash

i originally borrowed $250 then added another $250 for total: $500; paid back so far: $744.64

Posted: Fri Jun 06, 2008 7:17 am Subject:

if they are legal and backed by the bank..they are probably going through the process of filing a judgement against you, depending how much you still owe them..that takes a bit of time...but i would think you would receive notice of that...i would probably call them..if indeed they are legal to see whats up. but i see what you are saying...why stir the pot?

Posted: Fri Jun 06, 2008 7:22 am Subject:

WOW. So this $744.64 was in interest? Did any go towards principal? **FYI**ThinkCash is not a PDL it is an Installment loan like Cash Call. They are backed by a bank. So they are LEGAL and can collect.

Go Texas · Posted: Fri Jun 06, 2008 7:31 am Subject: thinkcash

I know they are NOT a pdl....i was just stating the fact that I haven't heard from them either...it was an installment loan and some of the fee i was paying was toward the principle...

Posted: Fri Jun 06, 2008 7:40 am Subject:

I would contact them for a balance. I know silence is good for now, but also can be harmful from legal collectors.If you have statements proving the payments paid towards that principal GREAT! Unfortunatelly Thinkcash is one of those companies that charges ridiculous interest rates on their loans causing you to pay them hundreds before your actual principal is even touched. Try getting a payoff for the actual principal owed, its worth a shot. Best of Luck!

Go Texas · Posted: Fri Jun 06, 2008 7:44 am Subject: thinkcash

I will, just trying to get my most priorities together before I approach the issue with them...

thanks community

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 136,000 members

thinkcash

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post