Why does it take two payments a month with Platinum B?

The idea of the loan is to make you pay something every pay period. Most of the contracts say bi weekly but you either need to call them and tell them to pull the whole amount or you need to close your account,before someone else gets into it. Thats usually what happens with these loans. When you apply you go over an unsecure network which means that other parties are stealing your information as we speak.

Try calling the number and when the recording picks up press 0, that's how I was usually able to get in touch with them. If that doesn't work, once you close your account...which you may just want to do anyway, they will probably be looking to contact you pretty quick.

Pinklady it sure is funny how you never can reach them until you close that account? KYSIDE38

It's crazy isn't it...I left messages and called over and over, but once I closed my account, it's like I was on their speed dial or something.

see the company won't lose money, because they can write it off as a tax write off so they sell it AS SOON as you default

Hmm..so they prefer to do that rather than make payment arrangements with the individual...works better for them. I was wondering why I was getting a collection call so soon after I defaulted. I was all ready to make arrangements and include them into my consolidation program.

by writing it off as a loss and selling it to a backyard collection agency to get whatever they can. It's not right but that is as much as i know about it.

:( SORRY FOR THE LAST POST
:D What i meant is they write it off as a tax write off, and the bank will reimberse them.
Then they will turn around and sell it.