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 Posted: Thu Jan 04, 2007 8:56 am Subject: MyCashNow (Payday Loan Company) |
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Is there anyone on the forum who has dealt with MyCashNow for payday loans? If so, what are your experiences with them, such as making payment arrangements and such?
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jmac5680
Joined: 03 Jan 2007
Posts: 11
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PinkLady
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| Posted: Thu Jan 04, 2007 11:32 am Subject: |
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I told them I was going to the AG.. they told me they were legal..I did file with the AG and the Dept of Corp.. still waiting to hear..but I just stopped payment on my account and will wait until next week to contact them and make arrangents on what the state of CA allows.. and take the beating.. But for the most part you have to stop paying to get the attn... But will not give them access to my acct again.. and it is Credit Depot that you need to contact. 1 866 645 1661
this is the number for arrangents..
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Poptartsmom
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Joined: 19 Oct 2006
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| Posted: Thu Jan 04, 2007 1:09 pm Subject: |
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jmac, have you done any payment on your account with MyCashNow?
Chances of negotiations with any loan company gets very slim if you are behind in your payments by more than two to three months. But if you have been current all this time and have defaulted in the first month, you can cut a deal. If you are unable to arrange anything positive with MyCashNow, take professional advice.
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PassionHunting
Joined: 30 Jun 2006
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| Posted: Fri Jan 12, 2007 10:12 am Subject: |
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I just heard back from "my cash now" in regards to the letter that I drafted to them about going against the payday loan laws of Michigan. I had sent them a letter with my proposed payment arrangement, which was to pay back the principal only, and they called me this morning saying that they have closed my account and will not require further payment on the loan. She said it will be considered Paid in Full, however I will never be able to borrow from them again.
When I asked the lady if I could get something in writing documenting that the account is closed and PAID IN FULL, she said they don't provide anything in writing since this was an internet payday loan. What should I do? I'm just worried that if something ever comes up down the line where they try to be shady and report to the credit bureau, I won't have any proof. The lady said they do not report to credit bureaus, however I know these places can't be trusted. Any suggestions?
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jmac5680
Joined: 03 Jan 2007
Posts: 11
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PinkLady
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| Posted: Tue Feb 20, 2007 5:55 pm Subject: |
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I just spoke to them.. I defaulted a while ago and they also wont send me anything.. I am a little worried..Did they ever come back and try to collect? they told me my acct is closed.. ( I asked for a refund) just for fun... 
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Poptartsmom
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| Posted: Wed Feb 21, 2007 11:57 am Subject: |
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Mycashnow would not work with me at all. They claimed since they were based in Grenada the country, that US laws didn't apply to them.
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mizzgriz
Joined: 14 Feb 2007
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PinkLady
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| Posted: Wed Feb 21, 2007 1:51 pm Subject: |
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They are not.. they are in New York and Las Vegas...
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Poptartsmom
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| Posted: Wed Feb 21, 2007 5:33 pm Subject: |
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They are definitely in Las Vegas. They sent me to Allen Lewis & Associates after I filed complaints against them in my state. They have never corresponded back to any of them yet. I just sent in my complaints for Nevada today.
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CowampChicken
Joined: 20 Dec 2005
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