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Posted: Thu May 10, 2007 7:14 am Subject: Trying a payment plan with CashNetUSA

I have been trying to work with these people on a payment plan. I owe them 383.00 on a 250.00 loan. I paid 62.50 for 3 months before I defaulted. I offered to pay them 50.00 a month until it is paid off. I just go an email saying that is not acceptable. I can go ahead and send it, but collection procedures will continue. I am trying to work with them, but that is all I can afford right now. Does anyone know exactly what they mean by collection procedures? They are licensed in my state, but I am trying to work with them.

alphasigirl · Posted: Thu May 10, 2007 7:22 am Subject:

Cashnetusa will often say they won't accept a payment plan, but if you 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. 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 May 10, 2007 7:23 am Subject:

As far as I know, their collection procedures is to call and email you and call your references. However, I got an email from them today saying that they will take me to civil court. I am filing them in my bankruptcy. Send them what you are able to. They will not reject the payments and they will tell you what you are paying is not acceptable. I think that if they did take you to court, if you have proof that you have been making payments to them, the judge would act in your favor.

Posted: Thu May 10, 2007 7:25 am Subject:

Send them a money order..trust me they will cash it and they can go ahead with collections if they wany but it wont do them any good if you are making an effort to pay
CashnetUSA
PO Box 06230
Chicago, IL 60606-0230

Bublefan1 · Posted: Thu May 10, 2007 7:27 am Subject:

I am paying CashnetUSA in full, but I have other companies that I legally owe small amounts of money to (20.00 here, $30.00 there) and I have emailed them several times with a settlement letter and no response. Should I just send them what I legally owe them or should I wait to hear back from them?

Posted: Thu May 10, 2007 7:29 am Subject:

I would only send what you legally owe them and deman they mark the account paid in full

Posted: Thu May 10, 2007 7:39 am Subject:

I would send them what you legally owe in money order form, along with a letter stating that, quoting your state's laws. Tell them that you have paid x amount on a loan for x amount of dollars, and this is what the legal interest is. Make sure you have the state laws correct first. Tell them you are paying them what you legally owe and demand that they mark your account paid in full. Also make sure you file a complaint with your state's attorney general's office. Be sure to save copies of EVERYTHING including the letter and the money order. Also send these certified mail so there is no question whether or not it is received.

Bublefan1 · Posted: Thu May 10, 2007 7:47 am Subject:

Okay. All I know is that they have all violated the "no rollover" clause of Florida law because they have allowed my loans to roll over numerous times. So that alone is enough reason!

Bublefan1 · Posted: Thu May 10, 2007 8:33 am Subject:

If I send money orders, how will I know if they cash them? there's no way to know is there??

Posted: Thu May 10, 2007 9:01 am Subject:

There is a number that can trace them...or well that is how it used to be...you can also send them a certified check...I know that a cert ck can be traced

Bublefan1 · Posted: Thu May 10, 2007 9:16 am Subject:

Like a cashier's check?

Posted: Thu May 10, 2007 9:55 am Subject:

I thought they would only contact your references if they couldn't get in touch with you or couldn't find you? Here I am!!! No one has called me yet!! BRING IT ON LOSER PAYDAY LOAN COMPANIES!!!

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