Hi, everyone. I live in Illinois and have several pd loans (all internet) and one installment loan, with Check N go, which is why I am writing today. I know Check N go is legal in Il, and they have 4 checks that they are holding for me for payment of the installment loan. (loan-1500, with interest 1900).
I have defaulted on my first payment to them, and got a call that they would deposit my checks if I did not contact them. I did call them and asked them to wait until Friday the 29th, telling them I would be in with a payment. Unfortunately, with all my bills and mortgage, I have nothing to give them this week. I plan to call them and ask them for another extension, but I can't let them deposit the checks. If they do, I am in fear that one of their checks will clear and my mortgage will bounce, because that is just my luck. If I stop payment on all 4 checks, we are talking $130.00 that my bank will charge, which will really screw me up. I have been sitting at my desk all day trying not to cry and desparately wondering what to do. I have even had a crazy thought of taking another payday loan, to pay Check n go, but I realize that is just nuts. Can anyone give me any suggestions? I know Check n Go installment loans are funded by 1st natl bank of Delaware. Do you think I would have better luck contacting them directly? I have already asked about an EPP, but they said that is only for pd loans, not installment. I am desparate and I know you guys have good advice....
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