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 Posted: Sat Mar 08, 2008 5:13 pm Subject: Help!!!! huge interest rates |
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I started a business on credit, im 20 years old and in college, the business failed. being a college student i can only afford to pay 200 per month. i fell behind, now they are charging me a huge interest rate and 250 per month in fees. it is impossible for me to pay this debt/ and they wont do anything for me. my phone rings off the HOOK!!! Can they keep charging these fees??? the debt was pased to a outside company and they claim there is nothing that can be done with the interst and late fees.
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wlichtle
Joined: 08 Mar 2008
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| Posted: Sat Mar 08, 2008 5:32 pm Subject: |
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What kind of credit did you use to start this business? Cards? Bank loans?
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unclewulf
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| Posted: Sat Mar 08, 2008 6:38 pm Subject: |
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Any chance this was a CashCall Loan? It sure sounds like their sort of interest rate. 
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SUEBEEHONEY70
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| Posted: Mon Mar 10, 2008 10:05 am Subject: cards |
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i started the business with both personal and business credit cards
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Bill Lichtle
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| Posted: Mon Mar 10, 2008 3:51 pm Subject: |
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DOH!!!!
-You WHAT??? 
Started a business on Credit card withdrawls!!!!
----and i thought i heard it all!----
OMG, i guess i'm not as bad as some others are! 
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Homer Simpson!
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dbcoders
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| Posted: Tue Mar 11, 2008 10:38 am Subject: |
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Have you considered bankruptcy?
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Morningstar
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| Posted: Thu Mar 13, 2008 4:42 pm Subject: Huge interest rates |
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How much is this debt and if I may ask with whom? If you do not feeling comfortable posting it-search them on this forum and see how others here have dealt with them. It is pretty likely that someone else here has had to deal with the same company you are dealing with.
Good luck!
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girlndebt
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