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Defaulted on storefront

Date: Sat, 01/26/2008 - 09:21

Submitted by cdollar
on Sat, 01/26/2008 - 09:21

Posts: 227 Credits: [Donate]

Total Replies: 9


I took out a storefront loan (in KY) at Check into Cash last March. I paid it back and renewed it over a period of 4 months. My husband lost his job and that $75 became to much to pay every two weeks. I ended up defaulting on it. (Little did I know that I could have gotten a payment plan!) Anyway, they called a lot and tried to get me to borrow money from someone and told me to come in and pay and get a lower amount out, etc. I told them I couldn't afford it.
So here I am, several months later. I haven't been contacted by them for a long time--until this morning. I got a call from an 866 number with a message to call the person back. I looked up the number and it is Check into Cash, corporate I suppose. Should I call back and try to get this taken care of, or should I let it go until I get something in the mail? I don't want to stir anything up. :?


Just a note..I noticed recently that these storefront PDL's have been advertising (lately) alot on TV. Trying to sound so nice and advising you to read the contracts and notice the percentage rates charged before taking out a loan. I guess their PR people are working hard at improving their images. The only good thing I saw was the advice not to take out a loan unless you are SURE you can pay it back on your next payday. As for me...I plan on never taking out a payday loan...I will find another way to get the funds I need.


lrhall41

Submitted by laura19544 on Mon, 01/28/2008 - 05:59

( Posts: 456 | Credits: )


I see those commercials in Ca almost every 30minutes on some channels. It is getting really nauseating! They look all nice and goody goody. Far from what they really are. I hope they are feeling the heat and will eventually go away for good. We all managed to survive before they came along and I am sure we will survive when they go away.


lrhall41

Submitted by stargzr on Mon, 01/28/2008 - 10:18

( Posts: 268 | Credits: )