Help!
Date: Thu, 10/04/2012 - 18:30
I am in Texas and currently have three online loans
1. Speedy Cash: Principal-160 with fees it is now 230.61 I payed a finance fee of 40.00 on the loan.
2. Cash Central (Texas Loan Cooperation): Principal: 400.00 with fees it is now 513.53. I have paid 100.00 on fees of this loan
3. Cash Net USA: Principal: 500.00 with fees it is now 638.09 with fees it is now 638.09 I have paid two payments of 126.54
I have had to close my bank account and open a new one. I have fallen on some REALLY hard times and there is no way that I can afford to pay these back right now. I have tried to be proactive and set up payment arrangements with them but no one really seems to want to work with me on the terms I can offer them. Is there any hope out there for me? I'm trying to avoid getting to the point where they call my job... I never put my direct work number on the apps. I work for a school district so I put my main office number but not the number of the school I am at.
HELP! I wanna make this right but cant afford huge payments. All three loans are in default as of this past Friday.
You did the right thing by closing your account. They will try t
You did the right thing by closing your account. They will try to reach you any way they can. You should go to whoever answers the phone and be straight with them and tell them that you are being harrassed by illegal bill collectors. Just ignore their threats and pay them on your schedule at the legal rate for your state and no more. They can't really do much. Cash Net USA is a legal lender and should get priority..
All 3 of those lenders are legal in Texas. You need to work out
All 3 of those lenders are legal in Texas. You need to work out a repayment option with them. With storefront lenders you can either call up and ask to set up an EPP (extended payment plan, i.e. your remaining loan balance is generally broken up into 3 or 4 equal payments or sometimes 5) or you can default on the loan and work out a deal with collections. I recommend the former if you can go that route.. defaulting is not the best idea but if you are seriously strapped it will be easier to work w/ collections.
