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Debtconsolidationcare.com - the USA consumer forum

Loan Consolidation for me?

Date: Mon, 10/22/2012 - 14:59

Submitted by nicksmith.cbus
on Mon, 10/22/2012 - 14:59

Posts: 3 Credits: [Donate]

Total Replies: 5


I have 3 loans currently. 1 Installment loan, and 2 payday loans. I live in Ohio.

Checkngo.com $3000 loan, $462 every two weeks. Have paid them $3,703 so far.
Cashnetusa.com $1000 loan, $186 every two weeks. Have paid them $320 so far.
Eastsidelenders.com $1000 loan, $300 every two weeks. Have paid them $550 so far.

All three loans are current, but due on the 29th and I can't do it anymore. Just too much with other bills, rent, car, utilities etc. Not sure if I should default on them and deal with creditors, get a consolidation loan or what I should do. If I had a lower once a month payment that would be great, that these three are getting zapped out every paycheck is killing me.

Any suggestions would be appreciated.


Eastsidelenders.com $1000 loan, $300 every two weeks. Have paid them $550 so far.

Eastside is illegal. I'm a bit confused by your math though. If you're paying $300 every 2 weeks, how have you paid $550? Read the link at the bottom of my thread for instructions on dealing with Eastside.

Check 'n Go and CashNetUSA are legal in Ohio. Do you have installment loans with them or CSO loans? When you're paying every 2 weeks are you just extending or is that a "payment"?


lrhall41

Submitted by OhioGal1 on Tue, 10/23/2012 - 05:32

( Posts: 5253 | Credits: )


Eastside is not licensed to lend in Ohio. They do not have a physical presence in Ohio. They're operating illegally when lending to Ohio residents.

For CashNet, ask for an extended payment plan. They'll divide your current balance into 4 equal payments and you won't have to pay extra interest.

For Check 'n Go, if you can keep paying as agreed, do so and pay anything extra you can. If you can't, you'll have to default and work out a payment plan that you can afford with their collections department.


lrhall41

Submitted by OhioGal1 on Tue, 10/23/2012 - 06:27

( Posts: 5253 | Credits: )


I had the same issue and almost went with a consolidation company but after reading this site I decided to send out ACH REVOCATION LETTERS to all my lenders and I must say that out of the 6 I had - 3 have written it off and have indicated that they will stop all activity on my account - I think I will have a better time dealing with them one by one to pay back the principal I may still owe than accumulating all of these fees - I was going to close my bank account but didn't since I think I got all but one lender to acknowledge my request to stop the ACH.. try that first before you pay a consolidation company..

in fact, I was so close to going with one and decided to send the letter to see what happened -and when I called the company the representative was so rude and mean to me when I told him that I sent the ACH Revocation on Monday and they have already agreed to stop the ACH - he literally hung up on me...

Good luck to you. I actually really owe one lender only as the other lenders have received the principal amount back ..


lrhall41

Submitted by on Wed, 10/24/2012 - 11:47

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