checkngo installment loan

One more thing. My friend has contacted the company and they will NOT agree to payment arrangements. She tried to get them to let her mail in payments, but they refuse to stop the ach draft from her account. Guys, I don't know who has experience with this company, but they are a huge pain in the butt. I took a look at her contract, and it CLEARLY states that payments can be mailed in. She has made a complaint to the consumer affairs office, which is a good thing.

eleroo...if Goudah doesn't answer soon...please PM her in re: to this thread. I think she will be able to answer your questions...

Compulsory electronic withdrawls are a violation of Federal Law. You can revoke that priviledge at any time although the banks have not taught that to their people from what I hear. Tell her to file a complaint with the FTC, the BBB and the regulatory agency of the State she is in.

Awesome. Thanks so much. I thought that something fishy was up with the bank withdrawal thing. It seems that if it is your bank account that you can stop ach debits at anytime you want to. They tried to use the excuse of "that is what you agreed to contractually," but the contract does not say that. This is great info. I will pm Goudah if I don't hear from her by the end of the day or tomorrow sometime. I know that pdls are monsters, but this is a different kind of monster and I have no idea which way to tell my friend to go with this.

The problem is that none of the companies who take the money will stop unless they are approached by a regulatory agency. Do PM Goudah! She is terrific!

I will. Thank you so much. In the meantime, I have advised my friend to stop the debit on her banks end. The problem is that I think it will only be a temporary stop. But, it is better than getting hit with nsf fees. I've also encouraged her to join the forum. You guys are great.

Sorry I didn't see this sooner! Busy day at work . . . . Anyways, as I pm'd you, they cannot require her per the EFTA to pay by a checking account:

She needs to put it in writing that she is revoking their authorization to debit her account. If they still refuse, it's time to involve the regulatory agency. Since they are backed by a bank and operating legally, the regulatory agencies can do quite a bit to get the company to follow the laws!

I'm curious does this only apply to the ipdls?
I'm asking because I have a check n go store front one.

The storefronts are different, you are not letting them take an ach from your checking account. You are giving them a check and you sign another contract.

I defaulted on a check n go store front and the manager was quite rude and I talked to the district manager and she told me to let it default and then they will turn it over to a CA and then you can pay them in installments because check n go will not accept payment arrangements.

If you are thinking about defaulting I would contact the district manager first to see what their policy is on defaulted accounts. It is different from state to state.

van, check 'n go also does installments loans backed by a bank. This is different than your check 'n go store front. puddle gave excellent advice. It's wonderful when people have experienced it already, so you know what to expect! It wouldn't hurt to call and ask their policy. If they don't make payment arrangements themselves and turn it over to collections instead (I guess so they don't have to fool with it), then at least you'll be able to make payments on it! This is a good thing! Thanks, puddle! :D

ok, thanks all for the info.

Yell her not to do it, there is a compnay out there that can get her out of it

I'm a little confused, guest. What comany are you talking about and get her out of what?

i also have a check n go installment loan. and the biweekly payment is 316 and i just dont have it i defaulted 2 weeks ago and now its time for me to pay them again on tomorrow and i dont have the money. what would be the best thing to do?

Also i have a couple of store front loans also and they are all due tomorrow i was going to renew some of them but the other ones i just dont have the money to pay right now and my bank account has closed so the checks are no good. what should i do? is it hard dealing with the store front loans? I know they are legal.

Hi Ashley. As for the installment loan, I wouldn't worry too much about it right now. My friend defaulted about one month ago and has only heard from them one time. She did, however make contact herself and attempt to set up payment arrangements. In fact, she attempted two times. They said no. Now she is waiting for them to turn it over to a collection agency where she will hopefully be able to make payment arrangements. Sometimes they will work with you a little more than the original lender.

As for the storefronts, I think it depends on who is working on what day, if you know what I mean. Some have very nasty managers who won't make arrangements at all, while some have really nice ones who will be willing to help you out. You might start by contacting them and letting them know that you are not able to pay the entire amount and just ask if they will work with you. If they say no then try to contact their home office or district manager. What state do you live in?

hey eleroo

i live in virginia. I have 4 storefronts out right now, and i just dont have the money to pay them back. can you stop them from calling your job also.

Hi Ashley. Here are your state's laws regarding pdls:

state info
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Have you tried calling them? You can ask them to not contact you at work, and they may respect that. But, chances are they won't. I would try to work out arrangements so that you can avoid any kind of contacts at work, etc. There's no specified repayment plans in your laws, but chances are they might work with you. Like I said, it really depends on the manager. But, you can go over the manager's head, if necessary.

Ashley, is there any way that you can afford to pay them off one at a time? All in one clip over four pay periods? This way you can be rid of them once and for all without trying to pay them renewal fees, etc. Also, I don't think they would have time to take you to court because it would only be about a two month period. I'm not sure about your financial situation, but I thought I would suggest it anyway. :-)

Question; do PDL state regs/laws apply to installment loans?

No. Unfortunately the installment loans are completely legal and backed by an FDIC insured bank. That's why they are able to export their ridiculous interest rates to different states.

Here's another question - if a company refuses to set you up on a payment plan; yet they have disclosed their moneygram info - how can they refuse a moneygram? Or can they? Curious here - wouldnt spend the $9.95 to sent it. I am eager to arm myself with as much info as possible !

That's a great question. I have never thought of that, so I don't have an answer. :-( BUT, hopefully someone will be along shortly who does. :-) If not, you can post it as a seperate thread. I think it's a great question.

hey could you get the number to checkngo for me i dont have it they only contact me by email.

Hi Aqt. Here are the numbers for Checkngo...
1-800-723-7022 I think this is the one for online payday loans.
1-800-536-6639 I think this is the one for online installment loans.
They both go to the same place, I think, so you should be good calling either number. They are both customer service numbers.

eleroo-Backed by the First Bank of DE I presume??

yes volley the check n go installment loans are backed by the first bank of DE..I am just glad I got mine paid off early and dont have to deal with it anymore :)

I wish someone would start a lawsuit for Ceck n Go like they did Cash Call. Essentially they are the same in their business and collection practices.

I shake my head, again. Why would any legit bank become involved in internet loans where the companies are scurrilous !!! There has been various postings in the forums re: how the state of Delaware is so lax with PDL's. Does anyone know - is this First Bank of Delaware an FDIC institution, a real bank or another front?

It is a real bank with branches and everything and even on their web site they have an application for installment loans. They are also an FDIC instiution. I googled them after my cash call loan and they work withe people with poor credit.

'Work with' more like screw over; they are worse then a loan shark !!!!!!!!!!!!!

Heaven, you are good at reading between the lines. Their web site makes them sound so wonderful and helpful.

is cash call legal or illegal?

Unfortunaltely legal.... :twisted:

so how did someone file a lawsuit on them

You can file a lawsuit against anyone. That doesn't mean there is merit to the suit, or that you will win.

In fact, someone recently filed a lawsuit against God.

That is not to say that the lawsuit against Cash Call doesn't have merit. I hope it does. I really hope it does. But even the California DFI (where Cash Call is located) says it has investigated complaints against Cash Call, and has found no wrongdoing. It will be very interesting to see how it turns out. My only worry is that even if the "good" side wins the lawsuit, it will only set Cash Call back some money. I don't think it will shut them down.

I would like to know what happened to your friend? I use check n go all the time; however have been fortunate enough to never miss on the pay back. I was going to do the installment plan; but you are right the payback on that is way too high

Goudah, are you serious? Someone filed a law suit against God???!!!

Hi Ree. I am going to start a new thread to let everyone know about the success my friend had because of filing a complaint! :-)

Hi

I have a questions I live in Texas and received a PDL they have threatened to garnish all my money from a different checking account can they do this?

msoto - who is the pdl? And, have you defaulted on it already?

texas state info http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Msoto has another thread on the debt consolidation board that I have posted to. the pdl is Westbury Ventures/Loan shop.

Thanks, volley! :D

I am a manager for a pdl. don't get the loan of you can't pay it back it's that simple.
Everyone makes us look like "monsters". We are just doing our job. If a customer gets in a bind our company will work with them via payment arrangements. I do agree some pdls do not follow state policies and procedures. A pdl is considered a "short" term loan. Were not bad we have been very useful by many people who choose to use our services smartly.

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