The cash store legal installment loan
Date: Fri, 12/09/2011 - 12:22
Hello - I live in IL and am worried I'm going to have to default soon. I already asked for a repayment plan, they said my loan is the repayment plan. Is this "installment loan" I took not cover by the IL law that says lenders should offer a 4 payment repayment plan after 35 days? BTW my bank account they have is already closed, I've just been paying cash to keep it current.
I'll most likely default in early Jan. once I file my taxes I'll be able to pay in full when I get the refund. Should I just let it default then and when they call just tell them that? Or should I do everything I can to keep it current until I can pay the whole thing off?
I'll most likely default in early Jan. once I file my taxes I'll be able to pay in full when I get the refund. Should I just let it default then and when they call just tell them that? Or should I do everything I can to keep it current until I can pay the whole thing off?
At first you should know whether or not your lenders are license
At first you should know whether or not your lenders are licensed in IL. If they are not legal, then you are required to payback them only the borrowed amount. You will have to pay both the principal and interest, if they are licensed in your state. Legal lenders can file a lawsuit against you because of non-payment of debts where as illegal lenders can???t take any legal action against you. That???s why try to make payments asap.
I found Cash Store legal in my research. Try to be current on th
I found Cash Store legal in my research. Try to be current on the loan. Loan defaults will not be good for your credit score.
