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Needs Some Advice

Date: Sat, 03/10/2007 - 21:57

Submitted by Alexandra
on Sat, 03/10/2007 - 21:57

Posts: 544 Credits: [Donate]

Total Replies: 7


As everyone on here knows, I have Cash Central and Cashnetusa with my debt consolidation company. In April, it will be my last payment to Cash Central which will be $104. I have three more payments with Cashnetusa which will total $123.

My question is should I go ahead and pay off Cashnetusa early in April and pay off Cash Central in March for the full $208? The only problem I will have is not having enough money to last me until the next payday loan following that.

Or should I try to settle with each company for $100? I tried this last month but Cash Central wanted me to settle for $166 but they needed the money three days before my next payday. Cashnet said that they were not going to settle with me because they will have to send a settlement letter out to me ninety days after the loan was passed due (by the way, the loan was passed due six months ago but I never received a settlement letter).


Advice is greatly needed.


It has been my experience that cashnetusa does not cut breaks on the amount owed, they just took their final payment of $813.12, all in one clip from my bank account on friday, no warning, just took it. I would say just continue as you are. It isn't costing you any more to stay with the payment plan and I doubt they will offer any type of settlement. They have been pretty firm about this since the get go. I don't know the other company.
Besides, you don't want to be broke, you are almost there, just be patient.


lrhall41

Submitted by fedupinpa on Sat, 03/10/2007 - 22:02

( Posts: 1511 | Credits: )


I believe Cash Central is also known as Sonic Payday. You may want to try to settle with them but it is highly unlikely that they will. I haven't dealt with them in over a year and it doesn't sound like they have changed much in their dealings from what I've read. You have to remember that April is right around the corner and you will soon be free. You need enough money to live on as well. I can understand wanting to be free of them once and for all but you are almost there :-)


lrhall41

Submitted by Cow & Chicken on Sun, 03/11/2007 - 06:07

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