Checkngo

Make a settlement offer via the mail.

I tried to get an address from the girl and she would not give it to me.

Hi Alice- If this is the Check n' Go of checkngo.com, then the address for headquarters is:

7755 Montgomery Road, Suite 400
Cincinnati, OH 45236

OH legislature was working last year on new legislation to further restrict PDLs in OH; I'm not sure of the status of those laws yet, but OH did cap interest rates for PDLs in 2008 at 28%. Here are a couple of things you can try:
Close your bank account while you negotiate a solution if your payments are debited from your account. If it's not feasible for you to close the entire account, ask your bank to block the ACH transactions from that PDL.

Then send a letter CMRR to Check N' Go's headquarters explaining that you will not pay any more than (1) your original loan amount and (2) 28% interest. Require that they send a written response accepting your terms before you make any further payments.

Hope this helps!

If I'm not mistaken Check n Go is registered as a Credit Service Organization, and not a payday lender. Someone can correct me if I am wrong.

So do I still make the offer by certified mail?

Regardless of how they are registered, this is not a PDL. It is an installment type loan.

Check 'n Go is a CSO, Shazz. You and PDLOwner are correct. And to the OP, offer a settlement. I was able to settle my account with Check 'n Go for 4 monthly payments of $250, saving around $500. I suggest you use a pre-paid debit card to repay them.

Also, I wouldn't waste money sending things via snail mail. I worked out my settlement via email. First, I sent an email revoking ACH authorization, which they honored and which causes the account to immediately go to collections. At that point, I worked via email with the collections department and worked out a settlement. It took several counter offers, but we finally agreed on one that worked for me and was acceptable to them.

Check N Go is a PDL and CSO from my findings. In states with laws limiting the actions of PDLs (TX and Ohio for example) the operate as a CSO through some fishy 3rd party lender. Everywhere else they offer the loan themselves as a PDL. Same for Ace Cash Express. I do believe though, the su called 3rd party lenders are just a sham, and it's the same people operating under a different name to circumvent the laws. I've been filing complaints with the Attonery General in TX, contacting my State legislature, etc etc trying to find out for sure and change the laws so these scum bags can no longer skate around the law by acting as a CSO and not a PDL which they really are.

Just as an FYI westjk, Check N Go offers both installment loans and PDL's depending on the state, so therefore they are legal. Call them what you like, they are legal and have the upper hand.

To PDLOwner

They may offer both kinds, but the whole operating as a CSO and supposedly offering the loans through a 3rd party (still say is fishy if you really look at how much the CSO gets compared to the actual people taking the risk offering the loan not to mention the actual owners of the companies money trial etc, but that is for the courts to decide I guess) at least in Texas looks like it is about to change. If the bills currently before the house pass, you can kiss the CSO's goodbye and they will have to operate as liscensed PDL and follow the laws for short term lenders.

In a CSO operation, the "lender" does not risk the money because all loans are immediately purchased by the "servicing company".