Jacob S.
Not Happy
Thanks for responding to my review and you say you didnt send me to collections, well whats the difference in that and what you did do? The outcome was the same, my credit is now ruined for 7 - 10 years and yes it did effect my credit I have proof if you care to see it. Also if you try to call this company they don't answer the phone, so good luck when you get in a bind and actually need to talk to them. I had my loan for about a year and made every payment on time for several months then went through some troubling times and couldn't make a payment. I stayed in contact with them and had planned to pay my debt off once taxes came in, they were ok with that. Next thing I know my credit drops 300 points for missed payment and it was because they sent me into collections. I received my tax money and paid the entire balance off with proof, a few days later my credit report states payment is up to date and shows remaining balance of what I had just paid off. Originally a $2500 loan with a payout of over $4000 I did the right thing and now have to fight with the credit bureau to have IT removed. This needs to be fixed NOW.
Response from 60MonthLoansMar 19, 2023
Hi Jacob, Thanks for letting us know. Your credit report will be updated by the beginning of next month. You paid off your loan on March 3rd and we only report to the credit bureaus once a month at the end of the month. At the beginning of April is when you will see that change on your credit. Your loan was also never sent to charge off, but it was reported as past due, because your last payment to us was in Oct of 2022. We did respect your wishes not to send it to charge off or collections even though it was over 3 months past due. We hope this answers your questions. Thank you for being a customer and paying off your loan:) Response to Response: We did not send your account to collections or report it as a charge off, but we did report it as past due. That will still have a negative effect on your credit. It looks like a little red dot on your credit. So you will have a red dot on your credit for Dec 2022, Jan 2023, and Feb 2023. However because you paid it off in March, when we report at the end of March it will go from Red to Green, showing the account as paid off. This will also update your credit and look good. Credit is based off your monthly performance so it may not jump up 300 points, because not paying for 3 months is considered risky behavior. If we had sent you to collections, a different company would be calling you 3x a day trying to collect money on the account. This is not what we did. In April you will see your credit report improve. As far as getting ahold of someone at 60monthloans, Inc. The trick is to call 844-707-7300 and press 7 and then 1. Also leaving a voicemail will get you a call back. You can also email us at [email protected] and we will respond within 48 hours.