Some Major Set Backs

I only have one storefront loan and can only speak to that, but what they have allowed me to do is split up my repay into four payments over a 90 day period, which means I can skip two payments. If they didn't let me do this, I would be unable to repay my loan, also. It feels like a lot of juggling, though, what we have to go through to take care of these messes. Sometimes it feels like digging out of it is next to impossible . . .

So I can't offer any advice, but I know what you mean . . . your living expenses should come first. These debts have eaten so much time and money, and the rest of your life is really more important than struggling to repay these lowball businesses.

I called my mortgage company and they are willing to wait until Fri. and this is a huge relief? They will also confirm that I have paid my insurance...or they will put forced insurance on the house which is not so bad as foreclosure which is what I thought they would do.
One way or another, even if these wind up going to court or excuse me *arbitration*, I will get out of this mess.
Gee...I am no good at this waiting stuff...I want to be out NOW?

And oh....another important factor...I was mistaken about the *putting a check through early*...my bank must now have that instant processing which they did not have the capabilites of doing last month...if I write a check, and it is deposited, it comes out of my account immediately providing that persons bank also has that capability?

Hi Egypt-Just fyi, Its called the "Check 21" initiative and most banks are now using it.

In the past, when check was sent to a bank to be cashed, it was processed by the depositors bank (in this case, your mortgage company's bank), then the check was actually sent to the bank that the check was drawn on (your bank) and cashed. This used to take 2-5 business days on average.

Now,once a check is deposited,it is processed, and an electronic image of the check is sent over to the other bank which takes about 1 day, sometimes two.

egypt, when I dealt with my storefronts, I'll be honest, they didn't want "little" payments. They wanted like $50 every two weeks, which was $100 per month until they were paid. With the exception of my one that I invoked the EPP on, which I made 4 equal payments and paid them off. And one other that was REALLY cool and just told me to come in and pay whenever. But I usually walked in with at least $50. If I could afford it, I would go in with $100. But they didn't have me on any kind of "structured" payment plan. It was like "come in and pay when you can". So I appreciated that so much that I tried to bust my a$$ to get them some money.

$50 would not be so bad Cannr, but they are asking for $100 every other week or the total amount...so far. I cannot do that much?
If they would ask for a reasonable amount, or even just work out payments I could do that?
I honestly did not think they would be so hard nosed about this....stupid me.
If we get that tax relief check in May, I can knock a hole in these, but I am not holding my breath?

Volleyballmom...I found out the hard way that my bank now does this. When they first announced this a while ago, I checked to see with my bank if they would do this? In essence it was like writing a check being like using your debit card and they, at that time did not have the soft ware for it. Like I sent that check to the mortgage company, it got there Wed. they deposited it Wed. and it came out of my account on Wed. Most times if they got it on Wed. deposited it on Thurs., it went through my account on Fri....or payday.
I will not do this again...trust me.

Yea, it can be a bummer when you need an extra day or two on a check....

egypt, you need to tell these storefronts there is NO WAY you can afford those kind of payments. Honestly. I just flat out lied to them (because I knew they would try to screw with me) and told them I lost my job. I mean, you gotta do what you gotta do. You need to pay your bills first, then them. Some storefronts will work with you. Like, they may take $20 a week or something like that. Just as long as you're paying SOMETHING to them. I know they want the full payment. Of course they do. Well, if you had it, you would have already paid them! Good Lord! I know I had to be kind of "tough" with them. I was actually chicken $hit, but I played it off. I got kind of lucky because one of them asked me what I could pay and when. I was grateful for that. So I told them I would pay them $50 every two weeks. I still played like I didn't have a job, so they didn't argue with me. You could try that ploy, egypt. You can tell them you just lost your job and now you're really stuck for money; however, you do want to pay them, but it's going to have to be smaller payments since you're "not working" and no way can you do the full amount. I know it's kind of crazy what you have to do, but they almost force people to lie. But, just to let you know, that's what I did - said I didn't have a job. I guess they figured they were lucky to get payments from me since I was "unemployed".

The 2 storefronts I had only one was willing to work with me. That was Advance America. My husband and I both had loans there. They accepted $50 per month on mine (mine was $500) and $35 per month on my husband's (his was lower, I don't remember how much). I am still paying those and when my husband quit his job(stupid, stupid) I lied to them and told them he lost his job and now they've allowed us to pay $10 per month on each the last 3 months. Hubby is back to work and so we'll be able to pay more next month to get them paid off. The other storefront was Checkmate. Same scenario that my hubby and I both had loans. They refused to work with us so I included them in my T & C plan. Checkmate has sent mine to collections. Anyway, I think it's just mine. I haven't heard a thing on my husband's. I am sending a debt validation letter to the CA just to make sure which one it's for. I'm actually glad it got turned over, since that means they probably aren't going to take me to court. However, the CA is not licensed in my state to collect, so I imagine they will sell it off to someone else. We'll see.

Hmmmm I am curious about this *sell off* thing...can someone else actually come after you if you did not get the original loan from them? Advance America is one of mine and they are also CFSA...
Cannr...I will not have to lie about the job thing...not that I have lost my job, but it is summer and all the OT I got is over for awhile...I will make almost $500 a month less. More sick people in the winter?
And my husband has finally decided that this co. is NOT going to use him full time.
Cheese...my husband quit a couple of jobs last year. got in a snit with his boss at another and I think he quit...but said he got fired...then got thrown from a horse and was hospitalized..... so I know (stupid stupid) too?

egypt, they can turn you over to a collection agency. I think that's what cheese was talking about. If their corporate office doesn't do the collecting themselves, they'll turn you over to a third party collector.

Okay Cannr....I was not sure if the third party *bought* the debt or not? I have heard of other companies...credit cards, other unsecured loans...selling the debt to someone who cont. collection after the orig. co. has written it off.

Usually, when it's a storefront, they have some sort of "policy" in place (I say USUALLY). Some storefronts will automatically turn you over to a third party collector without even contacting you. You just get turned over. Once you default, they let someone else take care of the "dirty business". So, it's still you owing the storefront, but the agency is collecting for them. Am I making sense here? LOL!

Cannr, you always make sense? I went to work last night and they sent me home after four hours, now tonight I am on call for low census too. Such is summer/spring and not as many sick people. I saw this coming.
But good news...husband got another job offer and when his current part time job heard this, they gave him full time and gave him a raise to stay with them. And he does like this job...just wasn't making much money? So you all can join me in a confetti party!!!!!

Oh, egypt! I'm doing a friggin HAPPY DANCE for you and your husband! Awesome news!!! :D

I really have not gone into hibernation...just not much new news. Still getting angry calls, but a few...cream always raises to the surface...have been okay? Advance America says they know that people have problems and they are setting me up on a payment program....others have threatened me...then I have called, not district, but regional managers and told them I want to pay, just not the amounts they have set forward.
I made it one week without going into OD! Do not ask me how this happened this last month so often...I just was not paying attention I guess...Missed the chats with you guys...perhaps now I can get on with the repayment program.

Hi Egypt, glad to here things are allright! They are a little calmer with me as well. I hope things get better and better for you! :)