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Payment offer from CashNetUSA - how to proceed?

Date: Wed, 05/28/2008 - 04:55

Submitted by jt_91972
on Wed, 05/28/2008 - 04:55

Posts: 110 Credits: [Donate]

Total Replies: 14


I have been going back and forth with CashNetUSA on a payment plan. My original loan was $400 and I paid $300 in fees toward it.

They currently say I owe $650. I told them I would pay the $400 MAX in 5 payments just to get rid of it.

Well....after my last letter and fax to them with the offer I received this email from them. It looks to me like a typo error, but they are offering me to pay .66 cents in 3 payments.

Here is the email:
____________________________________________________
Dear Jon,

Thank you for contacting us to inquire about how you can pay off your balance.
The payment plan we can offer is below.

(this an payday loan best payment available) .66_____due 06/06/2008 bi weekly .66_____due mm/dd/yyyy .66_____due mm/dd/yyyy

To confirm your agreement to this payment plan, please reply to this email stating that the terms are acceptable. You must include the original email with the terms to which you are agreeing in your response and specify your payment method.

PAYMENT METHOD
- Bank Account
- Credit/Debit Card


If you are paying via credit card, you will need to call our Collections Department at(888)801-9078 to set up payment arrangements.

Collection procedures will continue until an acceptable payment arrangement has been made.

If you have any questions or concerns, our collections team is available seven days a week via phone and email.

CashNetUSA Collections Department(888)801-9078 Direct Line(866)326-5265 Fax cashnetusa.com
Mon-Fri: 6am to 11pm CST
Sat-Sun: 8am to 8pm CST



Ernest B


yep,it does look like a typo.i would contact them about that.CASHNET USA is licensed and legal.
it is best to work with them on this.they can
take steps to recover what is owed.


lrhall41

Submitted by paulmergel on Wed, 05/28/2008 - 05:24

( Posts: 15514 | Credits: )


can you give an example of what you proposed
and what they proposed.you see they will get the full payment,if they want it faster they will try to do so.


lrhall41

Submitted by paulmergel on Wed, 05/28/2008 - 08:52

( Posts: 15514 | Credits: )


Why don't you try making a compromise offer, at least a little more than what you originally offered, sometimes a compromise offer cools them off a bit, seems like when you continually stick with your original offer they [creditors] become more and more demanding, might be worth a try. :)


lrhall41

Submitted by Shazzers on Wed, 05/28/2008 - 08:55

( Posts: 17344 | Credits: )


i would suggest sending or faxing papers to back up your situation.what other pdl's do you have?this one is legal,so you might want put off the other pdl's as CASHNET USA can and will use legal remedies to get paid.try to work with them before the other pdl's if they are not licensed.


lrhall41

Submitted by paulmergel on Wed, 05/28/2008 - 10:18

( Posts: 15514 | Credits: )