thinkcash

what do you mean?

I'm not sure, would you mind explaining? :D

I opened a loan with them last year. could no longer afford to pay them. I have not heard from them since. Curious as to why I have not heard from them.

Are they still debiting your account?

no they have been very quit since my last payment. I contacted them in Jan to set-up a payment arrangement and they agreeded. I did not keep the arrangement, but I have not heard from them either

What state do you live in? I am assuming this is an Internet pdl?

I assumed wrong, Thinkcash isn't a PDL that I know of, it's an installment loan backed by the First Bank of DE. If I am wrong about that someone please correct me. If I am correct, you really need to make other arrangements with them. :)

I am from texas and the same thing happened to me. I had to set up arrangements and have not followed through as I needed to save my house from forecloser and my child with serious health issues. I didn't want to say anything as I might ginx it or something....

My account is closed, I live in TX and not sure what to think about them. I am just sure one day, i will get a letter in the mail from a collection agency collecting for them.

Good luck "Helpmeplease"

Wow that IS strange. I would loose sleep over that :? How much did you borrow and how much have you paid?

i originally borrowed $250 then added another $250 for total: $500; paid back so far: $744.64

if they are legal and backed by the bank..they are probably going through the process of filing a judgement against you, depending how much you still owe them..that takes a bit of time...but i would think you would receive notice of that...i would probably call them..if indeed they are legal to see whats up. but i see what you are saying...why stir the pot?

WOW. So this $744.64 was in interest? Did any go towards principal? **FYI**ThinkCash is not a PDL it is an Installment loan like Cash Call. They are backed by a bank. So they are LEGAL and can collect.

I know they are NOT a pdl....i was just stating the fact that I haven't heard from them either...it was an installment loan and some of the fee i was paying was toward the principle...

I would contact them for a balance. I know silence is good for now, but also can be harmful from legal collectors.If you have statements proving the payments paid towards that principal GREAT! Unfortunatelly Thinkcash is one of those companies that charges ridiculous interest rates on their loans causing you to pay them hundreds before your actual principal is even touched. Try getting a payoff for the actual principal owed, its worth a shot. Best of Luck!

I will, just trying to get my most priorities together before I approach the issue with them...

thanks community

Your Very Welcome Guest! Good Luck!

I will say on my loan with them, that I have defaulted on; i haven't been able to pay either, but have paid 278.85 on a $500 loan and they want a total of $1200 to date to pay it off....I know they are legal but omgosh, that is so riduclous...so basically on a $500 I will have paid almost $1500....

now that is so sad that someone could make $1000 off a loan...maybe we should get into that business...ha ha..just venting here..I am in tx too

oh, i forgot, i haven't been contacted either...very strange...i am sure if i don't do something soon they will be a knocking.

Just have been trying to deal with 16 other pdl i had...was way in over my head...but when you lose a job and taking care of your parents, there is not much left to live on..

Oh my gosh Purple. Now that is a lil over the top wanting $1200 for a $500 loan. At this point it might go to a collections company. They might be easier to deal with than Think Cash themselevs. If not you might have to battle them in court. Have you at least tried proposing arrangments in paying principal since it is only a $500 loan? I mean $1200 is a lil ridiculous I Agree! Anyone else please interject here..

no, since i have had so much going on, i did in fact email them with a payment arrangement of $50 a month, they said it would not be an arrangement but i could still send in anyway and they would take it...it might be better for it to go to collections. I wonder if it does, if i could just add it to my debt settlement program that I am already on with my credit card debt? hum....i do know that CA normally take a lesser amount...guess we will see...it just urks me they want so much money...

but i might take your advise and call them to see if they would take a lesser amount, but i would rather email as to have it all in writing...

I reccomend getting something in writing definately. Does your debt settlement company deal with collection accounts? Well that is "IF" Think Cash sells it to a 3rd party collector? They could pursue collection themselves. So still email on principal arrangments and include your past payments already made to them.

sure will think about your advise...it is worth a shot...and yes, my debt settlement company does deal with collectors. who knows what think cash is thinking...but i do owe the debt and willing to pay for it. just hope not all those fees...

i think everyone is having a hard time and it just stinks that american's don't really have a way out....if you borrow from peter to pay paul, then you know you will get harrassing calls from them and then the next month do vise versa and get calls from the other company..never ending saga is it...