Internet's first get-out-of-debt community - 134,000 members

To start out I've been the victim of many bad room-mates. I moved in with my old landlord to a house I could not afford on my own. After a few months he left the house destroying most of it on his way out. I tried to stay in it as long as I could, but had to take out a small loan to make rent one month when things got backed up. Ever since then I've been trying to play catch up but I have to pay on the loan every time my other bill needed paid. After time and time of trying to catch up I've needed to take out a different loan to pay off the loan before it. My old room-mate is now in prison for bad checks among many other charges so I've been sued by the management company on the house, for I could no longer afford it. I now have 4 outstanding small loans that have been used to keep me afloat with the rest of my bills. I'm at my whits end. I make good money, however I can't keep up with loans that cost great money to keep going on and on and on. I need help. I need one loan that can pay off the rest with a reasonable monthly payment so the constant weekly loans can stop. I owe somewhere around $1800 in small loans and $4800 from the lawsuit of the old house. I also have my student loans, but they're so astronomical that I cannot dream of adding them in here. If there's any help you can give me it would be much appreciated.

Thank you,

Micah Bandurraga

Posted: Wed Jan 17, 2007 2:31 pm Subject:

Hi Micah. What kind of loans were these? If there were payday loans, were they store front or internet? If you provide us with more information, we may be able to help you. Also, since you have registered here, a debt counselor in your area will be contacting you and going over different options that are available to you.

Posted: Wed Jan 17, 2007 2:46 pm Subject: Loans

3 of the loans were internet and 1 was store front.

Posted: Wed Jan 17, 2007 3:03 pm Subject:

I will strongly advice you not to take a new loan for paying your existing debts. You have already taken some loans in the past and have not been able to make payments. Doing this, you are only multiplying your debts and opening all chances of lawsuit. Take some other alternatives like enroll in a debt management program. Just like when you take a new loan, you make monthly payments, you will pay to the consolidation company every month and they will send it to all your creditors in the plan. All this will be done without taking any loans. Unfortunately, your situation is not strong enough. You need to be careful enough about using your limited options.

Posted: Wed Jan 17, 2007 3:22 pm Subject:

Have you tried requesting a financial hardship forebearance with your student loans? That might help for a while.

Posted: Wed Jan 17, 2007 4:32 pm Subject:

Welcome to the Forums Very Happy

If you could tell us the Companies names of the internet loans, we can give you some info about them. Alot of them operate illegally, without being licensed. If you have these, you need only pay back the amount youborrowed and the states allowance on interest. Keep us posted...Karen

Posted: Wed Jan 17, 2007 4:43 pm Subject: Internet loans

loanpointusa is one
cashnetusa
premier processing
payday one

Are the internet loans that I have

Posted: Thu Jan 18, 2007 8:20 pm Subject:

also what state are you in?

Posted: Fri Jan 19, 2007 6:50 pm Subject:

Micah,

Please do not take out anymore loans until you have cleared up these debts first. I would recommend that you contact each of these companies, explain your situation to them and know your laws in your state, and try to make some kind of arrangments with them to pay the debts off.

I too know what it is like to have bad roommates. My last roommate (notice that I said last) had the apartment in her name but we split the deposit ($200 a piece). Well when she and I decided to go our separate ways, she kept the deposit, the full amount. It was wrong, but eh, that is how some people are. I don't ever want another roommate again. She was nosey and a busy body who went back and told everything that I did in the apartment. It was too much for me.

Good luck to you.

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