CSO loans
Date: Mon, 02/27/2012 - 14:54
I have 3 CSO loans:
CashNetUSA principal $500 They say I owe 695
PayDay One principal $700 They want 890
Ace Cash Express principal $300 They want $400
I lost my job the middle of January. I started another one, but at a substantial pay cut. I did make payment arrangements with the last 2 at $70 per pay each which is $140 a pay. I tried to make payment arrangements with Cashnetusa but they refused. They call me about 4 times a day.
I don't even know if I can pay this $140 a pay, $280 a month. My check is only $500 a pay after taxes which is half of what I used to make. Some of my credit cards are now behind too. I couldn't pay my car insurance. Should I pay these people before I pay my credit cards? I mean what should be the priority here? What will they do if I don't pay them? I assume send me to a CA. I just don't think I can pay them, pay my other bills and have money left over for food. I didn't expect to lose my job. What can I do? Any advice. I live in Ohio. Thanks.
CashNetUSA principal $500 They say I owe 695
PayDay One principal $700 They want 890
Ace Cash Express principal $300 They want $400
I lost my job the middle of January. I started another one, but at a substantial pay cut. I did make payment arrangements with the last 2 at $70 per pay each which is $140 a pay. I tried to make payment arrangements with Cashnetusa but they refused. They call me about 4 times a day.
I don't even know if I can pay this $140 a pay, $280 a month. My check is only $500 a pay after taxes which is half of what I used to make. Some of my credit cards are now behind too. I couldn't pay my car insurance. Should I pay these people before I pay my credit cards? I mean what should be the priority here? What will they do if I don't pay them? I assume send me to a CA. I just don't think I can pay them, pay my other bills and have money left over for food. I didn't expect to lose my job. What can I do? Any advice. I live in Ohio. Thanks.
The problem is that when you make an agreement and don't stick t
The problem is that when you make an agreement and don't stick to it, it's unlikely you'll get another agreement and they'll redouble their collection efforts.
You have a couple of choices:
1. Sit down with you finances and figure out exactly what you can afford to pay per month and then make them an offer of a payment arrangement (do it via email to their customer service people).
2. Default and work it out with collections.
Whichever way you go, get it taken care of but do it in your time.
Credit cards and payday loans should never be paid before things like your car insurance, utilities, rent, etc.