ThinkCash default and payment plan

Date: Fri, 12/19/2008 - 10:28

Submitted by anonymous
on Fri, 12/19/2008 - 10:28

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Total Replies: 4

I have $750 loan with ThinkCash. I have been paying regular bi-weekly payments ($90) but I cannot continue doing so. I am planning on contacting them and see if I can make some other arrangements (lower payments). I just wonder if there's anyone who tried so and what my chances are? Also, I was thinking that maybe I'd be better off if my account goes to collection as the interest is not accumulating while in collection (correct?). However, would they only give my current balance to collection, or would they add all the interest they would have made if I paid the loan in bi-weekly installments as originally agreed? Any advise will be appreciated?

Hi ciwava, I had a loan through Thinkcash, when it went into

Hi ciwava,

I had a loan through Thinkcash, when it went into defualt, they offered me a payment plan. I think it took almost 90 days to default, but I was able to pay it off in 6 payments with no more interest added.

lrhall41

Submitted by dawnlango7 on Mon, 12/22/2008 - 12:21

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I have a loan with them and I have asked for lower interest, pay

I have a loan with them and I have asked for lower interest, payments etc and they have said NO twice via email to me.

lrhall41

Submitted by kfstaff24 on Mon, 12/22/2008 - 17:04

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ThinkCash

I have written them several times to no avail, I even spoke with a supervisor who told me that the "computer" cannot change the loan document when I asked for lower payments. I am waiting for another email.

lrhall41

Submitted by on Mon, 12/29/2008 - 20:33

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I had to stop making payments on the loan, I had actually closed

I had to stop making payments on the loan, I had actually closed my checking account. One it went a few months without any payments, they offered me the payoff arrangement...

lrhall41

Submitted by dawnlango7 on Tue, 12/30/2008 - 07:14

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