Installment Loans

Date: Tue, 10/30/2012 - 12:08

Submitted by anonymous
on Tue, 10/30/2012 - 12:08

Posts: 202330 Credits: [Donate]

Total Replies: 2

I am in California and due to medical bill had to take out two internet installment loans with check n go & cash net usa. I have been paying them ever two weeks for the last 3 -5 month but due to financial hardship cant keep up with the $748.00 per paycheck payments I am already one payment late on both loans and they are calling me like crazy ever hour on the hour to my cell and my work! they have asked for HR department for my supervisor! how can I get them to stop calling my work? i just need mote time to get the extra cash to pay them back. Please HELP!!!!

Don't ignore the calls. Talk with them and explain your financia

Don't ignore the calls. Talk with them and explain your financial problems to them. See, if you'll qualify for EPP.

lrhall41

Submitted by on Tue, 10/30/2012 - 23:38

( Posts: | Credits: )

Both of them are legal lenders and since you already defaulted o

Both of them are legal lenders and since you already defaulted on both the loans, it cuts the EPP option out of the picture (maybe not). You have 3 options here:

1. Call them and negotiate a settlement. Might just work but you will have to pay the settlement in lump sum.

2. Call both the lenders and see if they will allow you to bring the loan up to current by taking the missed payment and attaching it to the end of the loan. If it so happens, you can then ask them for the EPP (possibly).

3. Let it go into collection and then negotiate. It might not get that far though and you might get sued on the way.

lrhall41

Submitted by Steve Barris on Wed, 10/31/2012 - 01:00

( Posts: 1043 | Credits: )