Rapid Cash and Check City - Las Vegas
Date: Tue, 02/18/2014 - 12:23
I have an installment loan with Rapid Cash and another installment loan with Check City.
I am in the middle of a bad divorce and can't afford the monthly payments anymore. I called them to try to set up a repayment plan, but they told me they can't do a repayment plan until the whole loan goes into default. So far I have only one payment in default but by the time the whole loan goes into default it will be double the amount owed.
Can I send an ACH revocation to them and my bank even though they are legal lenders? What can I do???
Please help, I am desperate.
Mirna
I am in the middle of a bad divorce and can't afford the monthly payments anymore. I called them to try to set up a repayment plan, but they told me they can't do a repayment plan until the whole loan goes into default. So far I have only one payment in default but by the time the whole loan goes into default it will be double the amount owed.
Can I send an ACH revocation to them and my bank even though they are legal lenders? What can I do???
Please help, I am desperate.
Mirna
You can send a ACH revocation
You can send a ACH revocation letter to the bank or put the account into the deposit only status. Once you default on the loans, try to arrange a repayment plan with them.
Your credit score will drop if you default on the legal loans.
