06-03-2009, 05:29 PM
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work for GM & was stupid and got 2 payday loans
I have 2 one 4 $500w interest of 110 and another 4 $50. With 120 in interest. My problem is i have just taken a $330 pay reduction due to GM bankruptcy. Can i make payments to settle the balance of both or do i have to pay everything at once?
one for one for 5 
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06-03-2009, 05:39 PM
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what state do you live in? List out your lenders, amount borrowed and amount owed,
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06-03-2009, 06:30 PM
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my info
In delaware $500 borrowed owe $610 to check n Go another $500 borrowed $620 to loan til payday problem is i have a 30% pay cut, will be laid off after friday and factory will close by July 31st
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06-03-2009, 06:47 PM
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See if the payday loan store is part of the CFSA if they are you can go on a payment plan and stop all the interest!!! Its 4 equal payments of the amount owed
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06-04-2009, 06:24 AM
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The interest does not continue to accrue. The odds are that the OP cannot take the EPP as it wil be a larger payment than they are currently making with just paying the fee. I would suggest that you contact the store manager first (I know a change for me!!) to see if CNG & LTP has a contingency plan to assist all of the autoworkers that will be affected. If the Mgr cannot help, then call the corp office.
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