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 Posted: Tue Jan 29, 2008 1:50 pm
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I got installment loan from them back in April '07. I got it for a relative who "needed the money really bad and promised they'd make the payments". Needless to say, I got about 3 of the $233 payments and then I paid 1 more on my own. So for the $900 loan I paid $932. After that I could not afford to pay anymore. I called First Bank of Delaware and tried to work something out, but of course they wouldn't. I had to close my account because it was just too much for me to handle. They called maybe twice after that and I told them the same thing--I have to set up a different payment plan, I got this for someone who isn't paying for it, etc. Still wouldn't do it.
It's been a long time since t hey contacted me, it's not on my credit report--should I call them? There was about $800 left on the loan (I'd already paid back the principle plus some) I keep reading all this stuff on here about them, and I'm worried about getting surprised with a court date.
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cdollar
Joined: 08 Jan 2008
Posts: 211
Debtcc Points: 3954
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Posted: Tue Jan 29, 2008 2:17 pm
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Do you have a payment plan in mind? call them to propose it or send them something in writing.
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volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24889
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Posted: Tue Jan 29, 2008 2:23 pm
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Since they are a legal company, they can take steps to collect.
A lot of these super high interest places will wait a bit before taking legal action. This way the balance ballons up and they get more money.
That is not to say they will sue you. Just that they can . . . . .
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 7303
Debtcc Points: 108710
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Posted: Mon Feb 25, 2008 12:07 pm
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I have a debit card with automatic deposit. Since it is automatic deposit I have a routing number and reference number. Can I use this?
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Marcia Hopewell
Guest
Debtcc Points: 100
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Posted: Mon Feb 25, 2008 12:28 pm
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Use it for what exactly? Not sure what you asking.
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lmk3524
Joined: 06 Sep 2007
Posts: 437
Debtcc Points: 4188
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Posted: Mon Feb 25, 2008 4:02 pm
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They will eventually turn it over to a collection agency and I happen to be working with one of them right now for a Check n go installment loan. i pay 140 dollars a month and told them that was all i could do and I started in Sept and will be doing it till June.
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kkinnan
Joined: 22 May 2007
Posts: 12
Debtcc Points: 388
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