I got my first settlement email today

Date: Sun, 11/18/2007 - 09:28

Submitted by tinabarr
on Sun, 11/18/2007 - 09:28

Posts: 67 Credits: [Donate]

Total Replies: 17

I got my first settlement email today

I have been reading and learning so much here. I sent out my certified letters, and today I sent emails as well advising that I no longer allow access to my bank account, and that all payments would be sent in,

My first response was from CashNetUsa, here is what they said:

Quote:

Thank you for contacting us to inquire about how you can pay off your balance. The payment plan we can offer is below.
$437.50 due on 12/31/07

To confirm your agreement to this payment plan, please reply to this email stating that the terms are acceptable. You must include the original email with the terms to which you are agreeing in your response and specify your payment method.

PAYMENT METHOD
- Bank Account
- Credit/Debit Card
- MoneyGram
- Western Union

If you are paying via credit card, please provide the following details.
Type of Card (Visa, MasterCard, American Express, Discover):
Card Number:
Expiration Date:
3 or 4 digit verification code on the back of the card:
Your name (as it appears on the card):
Billing address of the card:

Collection procedures will continue until an acceptable payment arrangement has been made.

If you have any questions or concerns, our collections team is available seven days a week via phone and email.

CashNetUSA Collections Department
888.801.9078 Direct Line
866.326.5265 Fax
cashnetusa.com
Mon-Fri: 6am to 11pm CST
Sat-Sun: 8am to 8pm CST

Stephanie G

Here is my response to them:

Quote:

Hello,

First of all , my balance is $417.50 not $437.50 At this time I am not able to agree to this agreement. I do not have and will not have the full balance by the date given. With it being almost christmas time, this is not even a possibility.

I understand that Collection procedures will continue until an acceptable payment arrangement has been made.

But I also understand (as I recently said in my email) that you must offer payment arrangements that we both can agree on, and at this moment I am not accepting this agreement.

As I also, stated in my email, I am revoking your right to debit my checking account any longer. You, your company, or your affiliates are not authorized to debit my checking account at all. Please be aware that I have informed my financial institution of this situation and they will also be receiving a copy of this correspondence. Any further attempts at debiting my account will be rejected by my financial institution. And if payments do go through I am prepared to take the neccessary steps to reverse those charges as you are no longer authorized to do so.

As soon as we reach an agreement I will send in my payments but I will not (I Will not budge on this issue)use these:

Bank Account
- Credit/Debit Card
- MoneyGram
- Western Union

I am only willing to send in money orders as I will not give you access to any of my info.

(name removed for your safety. cannr)

I am no longer freaking out here as I am learning on how to deal with these people.

Am I doing this right?

You are doing great!! Stay strong..One thing, did you send a wag

You are doing great!! Stay strong..One thing, did you send a wage assignment revocation letter to Cashnet, and also one to your HR? If not, do that right away.