I defaulted...now what?
Date: Mon, 09/14/2009 - 08:54
I have NEVER defaulted on a loan...or even been a day late...but of corse everything caught up to me finally. I've been only paying the interest on my loans and in Delaware where I'm from I can only rollover four times..well when one of them came up that I had to pay in full I had no choice but to default on one of my loans...I feel AWFUL...This isn't like me. I'm worried sick that they are going to call my family and friends..and even my workplace...how embrassing....I choose to pay all of my storefront ones and cashnetusa cause I know them to be legal. Starcashprocessing I had NO CHOICE but to pay..so I defaulted on my cashnow....so i guess my questions are...
1. Are they going to try and take the WHOLE amount out of my account now? I had some problems with them when I 1st got the loan...where they had me down as getting paid every week when I got piad bi-weekly. It took four weeks to fix due to the fact that I had to wait for my work to mail me two pay stumps and fax them in to them to prove my pay days...well I didnt do it in time on a week I didnt get paid and they took the whole loan out...my bank later returned it but i had to fight with like 10 people from mycashnow before they would even try and help. I was told at that point to wire in my payments so nothing like that happened again...did I re-voke there permission o go into my account at that point? Or should I expect the whole loan just to come out at some point?
2. How long before they will start calling me and my friends ext.?
3. Will they wait until I get paid again to try and take out the whole loan if they do? It was a 500 dollar loan that I only paid interest on and if they take the whole 6 something out on my pay day I'll be totally broke for two weekas not to mention have no money left to pay on all my other loans-bills. ence defaulting om everything then....
I would just change my account..but i get direct deposit and my checks get mailed from CA...so I wouldnt have ehoung time to get the my check deposited into a new account which means theyed mail it and I would get it on like tues opposed to fri...so once again id have to default on everything.....
sigh I feel like i can't breathe...I cant get out of this mess. I cant even get a plcae like longhorne or payday relief to help..cause I live in delaware...i really don't know what to do....please please help...
P.S. How do I fight starcashprocessing? Like everyone else I never applied for them..they put money in my account....and now they are going to take 46 dollars out four times and on the 5th 196...so the 150 dollar loan they put in will cost me like...380 at the end...i called and spoke to "joe" who said that if i wanted to pay it off on the mon after the 1st time they took money out it would cost me 196 and he would wave the something or other fee...wtf...they say i applied for the loan on the 10th or august..but didnt put it in my account til the 13th...i hadnt applied for a loan since like a week before that. and the only thing i can get on them is that it seems everyone dosent apply with them but magical gets money put in to there account...so i'm pretty sure they are illegal and only want to pay them the 150 back..ideas?
1. Are they going to try and take the WHOLE amount out of my account now? I had some problems with them when I 1st got the loan...where they had me down as getting paid every week when I got piad bi-weekly. It took four weeks to fix due to the fact that I had to wait for my work to mail me two pay stumps and fax them in to them to prove my pay days...well I didnt do it in time on a week I didnt get paid and they took the whole loan out...my bank later returned it but i had to fight with like 10 people from mycashnow before they would even try and help. I was told at that point to wire in my payments so nothing like that happened again...did I re-voke there permission o go into my account at that point? Or should I expect the whole loan just to come out at some point?
2. How long before they will start calling me and my friends ext.?
3. Will they wait until I get paid again to try and take out the whole loan if they do? It was a 500 dollar loan that I only paid interest on and if they take the whole 6 something out on my pay day I'll be totally broke for two weekas not to mention have no money left to pay on all my other loans-bills. ence defaulting om everything then....
I would just change my account..but i get direct deposit and my checks get mailed from CA...so I wouldnt have ehoung time to get the my check deposited into a new account which means theyed mail it and I would get it on like tues opposed to fri...so once again id have to default on everything.....
sigh I feel like i can't breathe...I cant get out of this mess. I cant even get a plcae like longhorne or payday relief to help..cause I live in delaware...i really don't know what to do....please please help...
P.S. How do I fight starcashprocessing? Like everyone else I never applied for them..they put money in my account....and now they are going to take 46 dollars out four times and on the 5th 196...so the 150 dollar loan they put in will cost me like...380 at the end...i called and spoke to "joe" who said that if i wanted to pay it off on the mon after the 1st time they took money out it would cost me 196 and he would wave the something or other fee...wtf...they say i applied for the loan on the 10th or august..but didnt put it in my account til the 13th...i hadnt applied for a loan since like a week before that. and the only thing i can get on them is that it seems everyone dosent apply with them but magical gets money put in to there account...so i'm pretty sure they are illegal and only want to pay them the 150 back..ideas?
If you do find they aren't licensed, CLICK HERE to find out how
If you do find they aren't licensed, CLICK HERE to find out how to deal with illegal lenders.
I got in to that site...I did not see mycashnow listed...but I a
I got in to that site...I did not see mycashnow listed...but I all so did not see cashnetusa on there either...but when I got a loan with them they did show me a lic from delaware...so maybe I'm looking at it wrong? I just don't know what to do. I have no problems paying this back...they have just become way to much for me...esp with that only rollover 4 times rule...two of my loans will be due on my next payday...paid in full...
