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Posted: Mon Nov 26, 2007 9:45 pm Subject: need more advice

Ok so I got 2 1/2 store fronts paid last pay day. YEAH!! But I still have Payday1, Cashnet and cash call to deal with. Cash Call is relentless and I'm only 10 days past due! PayDay1, is being very quite they called a lot last week, but I've not heard from them in a couple of days. Cashnet is due on the 30th.

So what do I do? I'm afraid if I don't answer they might call my references, which would be very BAD, but when I do answer we don't ever get anywhere. The frustration is coming back. I felt pretty good on Friday being able to pay the store fronts, but now I'm stuck! So I wonder if now if I should contact T & C---I know I keep going back and forth on that idea. But, will any of the 3 mentioned above work with T & C, or will they just keep going? T & C of course says they will work with them, but does anyone know that for sure?

Once more question, for cashnet and payday1, what really happens, do they kept debiting my account, do they turn me over to a collection agency? Do these internet lenders take you to court?

Thanks as always in advance, Reny:)

Posted: Tue Nov 27, 2007 4:50 am Subject:

Lren....congratulations on getting your store fronts almost done!! I know that's a good feeling. To answer a few of your questions: In ternet lenders usually will keep debiting until they can't. That is one of the reasons why we suggest you close your account. However you also have Cash Call. They are difficult to work with. If you search their name in the google box at the top of the page you can see how some others have handled working with them. There also may be some info on T&C in the posts too.

Are your internet loans illegal?? I don't recall...but in all my reading on here I haven't seen where they have taken anyone to court. Talking to them is the best recourse to get them not to call your references...they usually only do that if they can't get you in some way.

Posted: Tue Nov 27, 2007 6:17 am Subject:

You may already know this, but CashCall is not a payday lender and if needed, they will take legal action.

Posted: Tue Nov 27, 2007 6:29 am Subject:

yes the 2 on-lines are legal. I am talking to them, but that's my issue, we just talk every day and I say the same thing, "I can't pay in full" and they say " we don't take payments" LOL

As far as T & C I have lots of info about and from them I've talked to them 2 xs and some folks on here also. But I can't seem to find anyone who has dealt with my 2 companies directly, so I can get an idea of how to work with them. I guess I'm gonna have to figure it out and then maybe I can help others who might run across them in the future.

So, do I just keep insisting I need a payment plan, until they give in? Or do I find an address and just start sending them payments? My bank has that "force bank open thing" so I don't think it will do any good to close it.

Posted: Tue Nov 27, 2007 8:05 am Subject:

I would just start sending them a money order every month, with a copy of a letter outlining your payment plan. They may never agree to it, but they will cash the money order, and your balance will go down. The bad thing is that they will keep calling . . . .

With these two companies I would try to revoke authorization to debit. These are both legal companies, so they are more likely to follow the law then the illegal companies. They may actually stop when you tell them too. I would send them a letter, and at the bottom put that you are cc - ing your bank.

Posted: Tue Nov 27, 2007 8:27 am Subject:

Thanks what letter do I send them?

Posted: Tue Nov 27, 2007 2:04 pm Subject: r

lren, just type up a letter and revoke any debit authorization of your bank account. Also include in it a "payment schedule" and include a payment with it. At least that's what I'm getting from goudah's post, which is an excellent idea! Very Happy

Posted: Tue Nov 27, 2007 8:32 pm Subject:

ok should I e-mail the letters or mail them?

Posted: Tue Nov 27, 2007 9:12 pm Subject:

It's best to send it certified return reciept....that way you have proof they recieved it.

Posted: Tue Nov 27, 2007 9:24 pm Subject:

can I ask for a sample letter to send? I'm just not sure what to say.

Posted: Wed Nov 28, 2007 5:00 am Subject: r

I really don't think there's a sample letter for this situation. You can basically just type something up that says you revoke their authorization to debit any bank account you may have and then plan out some sort of payment plan and include that (dates and amounts) and include a payment with the letter. State in the letter how much you're sending & then say what the balance is after that payment. Each time you send a payment, just note on there the dates and amounts of payments already sent and the remaining balance.

Posted: Wed Nov 28, 2007 5:55 am Subject:

I have a sample letter that has a great part in it about revoking debt authorizations, wage assignemts , and anything else you may need. You have to doctor it up to fit your situation. It is a great letter. If you want it, I will Pm it to you.

Posted: Wed Nov 28, 2007 6:02 am Subject:

please yes send it! thanks!!

Posted: Wed Nov 28, 2007 6:08 am Subject:

just sent it.

Posted: Wed Nov 28, 2007 6:58 am Subject:

Ok so I'll try what Cannr said, thanks! BTW, did any of you have to send pretty small payments at first like 25-50 a month? I think after the holdiays I can swing much more.

Posted: Wed Nov 28, 2007 7:54 am Subject: r

Are these for storefronts?

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