I received a loan modification agreement from Cash Call and wanted feedback on anyone else that has received it.
PLEASE I am not looking for angry responses about how much of a ripoff the company is, that's obvious. NOR, do I want to be reminded how vulnerable I was in a time of need. Just want EXPERIENCED answer to my question.
Details:
Original loan was $2500, I was paying on time, but lost my job.informed my bank to cancel their ECH (automatic debit) and haven't been in communication with Cash Call since middle of last year (they only had my work number - and can't remember who I put as reference).
SO, since last year, I've received numerous emails and snail mail asking for the money, additionally, I have received modification agreements stating they will lower my interest and my payments. They also asked for a "down" payment stating that will "wipe my slate" clean of any past due amounts, and that amount has loweed each month they send me a letter. They ask the payment be sent moneygram or to send a money order/check, but never ask for my checking information in the agreement (yet).
Questions:
1. Have you ever signed and returned the modification agreement and stuck to the payments?
2. Do they allow you to continue paying with money gram or mailing in a money order (they will never get my checking account information again)?
3. If you have had success with the modification agreement, do you think I could MODIFY the agreement by adding a line stating I will agree to the terms under the conditions I can pay with a money order or money gram.
Thanks for any information you can provide. I hate not paying my bills on time and although I'm working again, I can't pay the original amount but their modified amount is realistic.
AGAIN, please no nasty responses... No negativity... Just answers.
Thanks for your cooperation.
Notamused
Nomansland
U.S.A.
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