Payday loan, cash store, Illinois

Date: Sun, 07/29/2012 - 18:26

Submitted by kristi013180
on Sun, 07/29/2012 - 18:26

Posts: Credits: [Donate]

Total Replies: 4

I am currently in default with the Cash Store. I've been receiving calls/letters from Cottonwood Financial offering a repayment plan of 5 payments for $230. I have acquired unexpected medical bills and there's no way I can pay $230 every 2 weeks.. I've tried asking for lower payments, but they won't budge. I'm afraid of them sending me to collections or small claims court. I'm wondering if I should prepare a wage assignment for my employer.

Any help would be beneficial. Thank you so much

I borrowed $1000 and the pay off is $1108.69.

lrhall41

Submitted by kristi013180 on Sun, 07/29/2012 - 18:53

( Posts: | Credits: )

you are out of luck... sorry. they are legal in your state. if i

you are out of luck... sorry. they are legal in your state. if i were you id borrow 1000 dollars from a family member and pay them off with that, then work out a fair arrangement like 100 dollars every month to your family member.

lrhall41

Submitted by on Sun, 07/29/2012 - 23:04

( Posts: | Credits: )

Definitely prepare the wage assignment revocation and let them k

Definitely prepare the wage assignment revocation and let them know you're revoking wage assignment. Also revoke ACH authorization with them.

You've already defaulted. How much can you afford to pay them? I would just start sending them what you can as often as you can and keep at them for an affordable payment arrangement.

lrhall41

Submitted by OhioGal1 on Mon, 07/30/2012 - 06:05

( Posts: 5253 | Credits: )

Unfortunately most people who take out PDLs do not have access t

Unfortunately most people who take out PDLs do not have access to a family member loan otherwise they would have thought of that beforehand.

lrhall41

Submitted by waffles on Mon, 07/30/2012 - 12:33

( Posts: 1697 | Credits: )