ChecknGO installment loan
Date: Tue, 08/07/2012 - 12:46
:confused::confused:I have a loan with Check N Go for 2600.00 payable at $660.00 a month. I have paid Feb,Mar,Apr,May,June and July. I lost my second job recently and because of this I am about to lose my truck. I contact CheckNGo to ask them to work with me on new loan terms, that I want to pay their loan in full but can no longer make the payments. They stated that they can not do anything to help me. And if I don't pay I will go into collections.
They automatically take the money out of my checking account each month. How can I stop this? Do I send a revocation of ACH and withdrawal any voluntary wage assignments? I also notices that they have an accerleration clause stating that if I default then they can take the full amount that is due.
Do you have any suggestions for me?
They automatically take the money out of my checking account each month. How can I stop this? Do I send a revocation of ACH and withdrawal any voluntary wage assignments? I also notices that they have an accerleration clause stating that if I default then they can take the full amount that is due.
Do you have any suggestions for me?
You do need to submit an ACH revocation form in the bank. You ca
You do need to submit an ACH revocation form in the bank. You can get the form from your bank branch manager. Just fill it out properly and submit it. It will be wise to revoke voluntary wage assignment too.
You need to close your bank account. Send CnG an ACH revocation
You need to close your bank account. Send CnG an ACH revocation notification and tell them you're doing so specifically to force the account to collections. Then call collections and set up a payment arrangement.
Did you ask this same question elsewhere? I feel like I already answered this.
yes this is a duplicate by another idiot.this is really getting old. paulmergel