How long before the bad stuff starts.

Welcome...Can you tell us a little more?? Have you closed your bank account ?? Also an installment loan shouold not be handles the same way as an internet payday loan...you will need to make some type of arrangements with them. More than likely you will hear from them in some way as soon as the realize your payment did not go through...but they will keep trying to debit.

Hey cturner....you were previously posting as FormulaTA right?

I recall you posting that your account is indeed closed.

PaydayOk is stopped doing business in Ohio as they were not licensed. I will have to dig up some recent activity and post it on here for your information.

Cashnet is licensed and then you have the installment with Check n Go that you're paying $600 a month on but halfway done right?

Thanks for the help guys. Let me amswer some of your questions. My bank account is closed now in theory. I still need to go into a branch and sign some paperwork to close it for good. But, my direct deposit has been stopped, and they said they would'nt allow any debits until i officialy closed it. I will do this on Monday. And yes, i've paid 4 of 8 payments to Check n Go thus far. So at $300.00 a payment, I still owe around $1,200.00. This is my second loan with them. The 1st one was paid off with no problems. I called all these lenders and they were all willing to make payment arrangments. BUT, it's not going to work. I mean they still want SOME money out of each paycheck. CashnetUSA said they could take no less than $250.00 a check for 3 checks. Check n GO said they would take $150.00 every payday. And paydayok will take $35.00 each check. But add that all up and I STILL can't afford that. Thats over $800.00 a month!! I just can't do that right now. I'm too far behind on my real bills to make those payments.

:shock: please help this person. those people are insane :twisted:

Bumping this to the top. Lets get you some help. here....

Well, the account is closed so that is good! I say this...tackle them 1 by 1!!! Seriously!

Pay Check n Go First!
Then Cash Net
Payday OK-they arent even supposed to be lending in Ohio!

You gotta do what you gotta do! Your REAL bills come first!!

You can only handle as much as you can handle so just know that chipping away is the best you can do :D

You are so close to paying Check n Go off. It would be a shame to let it go into default. If they are willing to work with you, concentrate on them first like Volley said. Then do what you can. But bills come first and you do what you can afford.

Amen to that Roxy!!!

These people take the payments every single week? Not just once a month or every two weeks at least? Every week they take payments out? Good God. Is there a way to work with them so that they can take payments every two weeks or once a month? Anything? Payments every week is crazy. Just crazy. I understand that they are legal and have to be dealt with, but one would think that taking payments every single week is going to drive a person to the poor house!

Hey cannr...where did you see weekly payments? I thought I read every check..?

She really did not specify, she just said each chech, she may get paid weekly, bi weekly, bi monthly or monthly. It just depends. I get paid bi-weekly so I assumed that...and I am thinking the rest of us thought about it according to the way we get paid.

Lordy, Lordy, volley! You're right! I read "check" and "payday" and automatically thought paid each week. So sorry! Then I read it again after you posted and did the math (idiot!) and it seems as though it's every two weeks. Okay, okay! But, still! That's an awful lot of money out of each check! I'm sorry! Thanks for correcting me, volley. Maybe I need to put my new contacts in.............

No No No!! No worries!

My eyes are tired and just wanted to make sure I read correctly :?
:lol:

But in any case, you are right its a whole $hitload of money!

It's every two weeks for $300.00. Its adds up to borrowing $1,400.00 and paying back around $2,400.00!!! A thousand dollars in intrest!!! And i'm a "he" not a she. But thats okay, i've been called alot worse!!!

LOL!

How about tackling these one by one?? The interest sucks..no doubt there!!!

He, He, He! We have to remember He! God, I hate it when we refer to people as he/she and we're wrong! Damn!

That is two this week for Volley. :lol:

Just a thought as I have seen it in other posts. Does the check and go one have a program where once he goes into default they can work out a new payment? I do not remember what it was called. But if he could do that and perhaps lose some of the intrest and lower the payments would that not be the way to go?
As far as the illegal one....definately put that on the bottom of your to worry about list.
Also if no one has mentioned it..try not to deal with any of them via phone as far as payments or information try to keep everything usps or email. That way if something should comeup you have a paper trail. I know you said the one company was legal, but even with them, keep a paper trail a mile long for verification that you are doing everything proper should you wind up in default.

Hi i2..You referring to EPP? It might be a good option , but you can only pay in 4 installments and you have to be in good standing from what I hear.

Good idea though! :D

Oh, volley! Oh, volley! I'm soooo loving it! :D

couldnt resist!

Yes volley i was thinking of EPP but was not sure on it. I thought it was after you defaulted then set up payments...but after reading back some more i see it is before you go into default. Sorry about that still learning :)

NOo..dont apologize i2!!!! It was a great angle and suggestion!!!!