Cashnetusa turned me over to collections

How long was it from the time you defaulted with Cashnet to the time they sent you to collections?

How long ago did you send Paragon the DV letter?

I defaulted with Cashnet back in January, so it would have been about 7 months before they turned me over to collections. It does seem a long time, but I was juggling so many other pdls at that time too, so it was hard getting them all resolved quickly.

I sent Paragon the DV letter in August a few days after receiving the collection notice, and if I remember correctly, they received it on August 24. I haven't received any phone calls or any other correspondence from them yet.

If you dont mind spending a couple more bucks, I would send them another one OR if you have a fax machine, fax it over.

THere is a great DV Follow-up letter in the Do It Yourself section (link at the top of the page right underneath Ranking Chart).

mmmmmmm, 7 months that seems like a real long time, did they call and bug you? What did they do in that 7 months?

They called a lot in the first couple of months and emailed, but it tapered off and finally they stopped for a couple of months when I mailed payments in. They were never rude over the phone, so they weren't so bad of a deal.

I just feel more bad now about the fact that I can't pay them directly anymore, and have to deal with Paragon because they probably just bought the debt from Cashnetusa for pennies on the dollar.

Yes, I think that is a good idea to send another DV letter follow-up in the mail. I can fax a copy from my work as well.

Good plan!!

BTW-I still need to pay them..thats why I was curious about how long it took before collections :wink:

Did Paragon end up charging you more money than cashnetusa or are they being pretty reasonable?

They are being very reasonable. They are just asking for the same remaining balance that I had with Cashnetusa.

That's great. :-) At least they are being good about it and not harrassing you. My friend has defaulted with a checkngo installment loan and I think it is about to go into collections. Hopefully she will get a decent ca who will work out arrangements with her. Good luck with yours. It sounds like you have gotten things almost worked out. :-)

Usually you have about a month before they send you to collections, but I'm not exactly sure on that. I was almost gonna be sent to collections and even received a letter from the collections agency. I was able to still make payments and not have to go through the collections agency. I paid the amount in time before they were able to do anything. I got lucky. *whew!*

Will checkngo send to collections, When I was dealing with them they had their own collections department?

Fedup, I think it is really hard to say what pdls will send you to collections vs. which ones will. I know that Cashnetusa had their own collections dept, just like you say Checkngo has, but Cashnet still turned me over to an outside agency...so you just never know.

I think all the pdl's and loan sharks aka cash call, check n go etc... are all scrambling to get paid so they will send it wherever they can in house or out just to try to get money.

Well, I sent Paragon Way a fax today. I had to call them up to get the fax number. I asked them if they send out pif letters if accounts are paid off, and he stated they did (that way I am hoping to have more documentation should I need it down the road). Then the rep asked me if I wanted to set up a payment plan over the phone, but I said no, not now, I'd just like the fax number. I was pretty tight-lipped about it and didn't state what I was sending over, and he just let it go at that. So I guess we will wait and see if they send anything after my DV follow-up letter now. I'll send them another copy via certified mail on Monday.

Josh you have been working very hard on your pdl's. Give yourself a pat on the back, before too long it will all behind you.

ladybug

It is a struggle, but hang in there, you will feel so much better when it is all over. I sometimes feel like I take a few steps back or fall down, but I get up, brush off, come here for some encouragement and march on. These forums are a great source of support and encouragement.

you think that is bad cashnet third people called me at work and just the rudest people ever and said they were going to turn it over to a lawyers office in the area that i live in and no one has not contacted me in about year. they all say the same things they send emails and letters but i like i told if i would have rec'ved them i would have called. I had one person tell me that he wanted my account # and that is the only way that they can collect a paymt i send no and he started calling me work all day he said. Now that is bad when they call yor work, and not your cell or home phone#

Mrs R,

If you tell cashenet not to call you at work and they continue to do so, that is a violation on their end. You should send them a letter stating not to call you at work and by law they have to honor that.