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Posted: Wed Oct 31, 2007 10:48 pm Subject: How long before the bad stuff starts.

I'm about to default on 3 payday loans. CashnetUSA for $750.00, PaydayOK for $180.00, and an installment loan from Check n Go for $1,300.00. All on-line loans. I was just wondering how long I got until things get nasty. I expect phone calls of course right away. But, how long do you think I got until they sue, garnish, file criminal charges, or whatever else they might do? I live in Ohio BTW. Thanks for any advice.

Posted: Thu Nov 01, 2007 3:52 am Subject:

Welcome...Can you tell us a little more?? Have you closed your bank account ?? Also an installment loan shouold not be handles the same way as an internet payday loan...you will need to make some type of arrangements with them. More than likely you will hear from them in some way as soon as the realize your payment did not go through...but they will keep trying to debit.

Posted: Thu Nov 01, 2007 5:02 am Subject:

Hey cturner....you were previously posting as FormulaTA right?

I recall you posting that your account is indeed closed.

PaydayOk is stopped doing business in Ohio as they were not licensed. I will have to dig up some recent activity and post it on here for your information.

Cashnet is licensed and then you have the installment with Check n Go that you're paying $600 a month on but halfway done right?

Posted: Thu Nov 01, 2007 3:33 pm Subject:

Thanks for the help guys. Let me amswer some of your questions. My bank account is closed now in theory. I still need to go into a branch and sign some paperwork to close it for good. But, my direct deposit has been stopped, and they said they would'nt allow any debits until i officialy closed it. I will do this on Monday. And yes, i've paid 4 of 8 payments to Check n Go thus far. So at $300.00 a payment, I still owe around $1,200.00. This is my second loan with them. The 1st one was paid off with no problems. I called all these lenders and they were all willing to make payment arrangments. BUT, it's not going to work. I mean they still want SOME money out of each paycheck. CashnetUSA said they could take no less than $250.00 a check for 3 checks. Check n GO said they would take $150.00 every payday. And paydayok will take $35.00 each check. But add that all up and I STILL can't afford that. Thats over $800.00 a month!! I just can't do that right now. I'm too far behind on my real bills to make those payments.

Posted: Thu Nov 01, 2007 5:12 pm Subject:

please help this person. those people are insane Twisted Evil

Posted: Thu Nov 01, 2007 6:43 pm Subject:

Bumping this to the top. Lets get you some help. here....

Well, the account is closed so that is good! I say this...tackle them 1 by 1!!! Seriously!

Pay Check n Go First!
Then Cash Net
Payday OK-they arent even supposed to be lending in Ohio!

Posted: Thu Nov 01, 2007 6:45 pm Subject:

You gotta do what you gotta do! Your REAL bills come first!!

You can only handle as much as you can handle so just know that chipping away is the best you can do Very Happy

Posted: Thu Nov 01, 2007 6:47 pm Subject:

You are so close to paying Check n Go off. It would be a shame to let it go into default. If they are willing to work with you, concentrate on them first like Volley said. Then do what you can. But bills come first and you do what you can afford.

Posted: Thu Nov 01, 2007 6:50 pm Subject:

Amen to that Roxy!!!

Posted: Thu Nov 01, 2007 6:59 pm Subject: reply

These people take the payments every single week? Not just once a month or every two weeks at least? Every week they take payments out? Good God. Is there a way to work with them so that they can take payments every two weeks or once a month? Anything? Payments every week is crazy. Just crazy. I understand that they are legal and have to be dealt with, but one would think that taking payments every single week is going to drive a person to the poor house!

Posted: Thu Nov 01, 2007 7:06 pm Subject:

Hey cannr...where did you see weekly payments? I thought I read every check..?

Posted: Thu Nov 01, 2007 7:11 pm Subject:

She really did not specify, she just said each chech, she may get paid weekly, bi weekly, bi monthly or monthly. It just depends. I get paid bi-weekly so I assumed that...and I am thinking the rest of us thought about it according to the way we get paid.

Posted: Thu Nov 01, 2007 7:11 pm Subject: reply

Lordy, Lordy, volley! You're right! I read "check" and "payday" and automatically thought paid each week. So sorry! Then I read it again after you posted and did the math (idiot!) and it seems as though it's every two weeks. Okay, okay! But, still! That's an awful lot of money out of each check! I'm sorry! Thanks for correcting me, volley. Maybe I need to put my new contacts in.............

Posted: Thu Nov 01, 2007 7:18 pm Subject:

No No No!! No worries!

My eyes are tired and just wanted to make sure I read correctly Confused

But in any case, you are right its a whole $hitload of money!

Posted: Thu Nov 01, 2007 7:36 pm Subject:

It's every two weeks for $300.00. Its adds up to borrowing $1,400.00 and paying back around $2,400.00!!! A thousand dollars in intrest!!! And i'm a "he" not a she. But thats okay, i've been called alot worse!!!

Posted: Thu Nov 01, 2007 7:39 pm Subject:

LOL!

How about tackling these one by one?? The interest sucks..no doubt there!!!

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