Apelles/Check n Go Online
Date: Tue, 09/30/2008 - 07:25
I took out an installment loan with Check N Go online (though First Bank of Delaware) last year. I ended up defaulting and working with Langhorne to get a settlement.
I originally borrowed $1350, paid one monthly payment, and then it went to collections. I now pay Apelles $344 per month for 6 months. So far, I've paid Apelles $738 and I will pay them another $344 on 10/10 to bring my total up to $1082. I will then have 3 more payments of $344 due by the end of the year.
Here is my question....I see that First Bank of Delaware no longer is allowed to give installment loans here in Michigan. Does that mean anything to me since my loan was given before that? Am I just stuck paying these payments?
Any input is greatly appreciated!
I originally borrowed $1350, paid one monthly payment, and then it went to collections. I now pay Apelles $344 per month for 6 months. So far, I've paid Apelles $738 and I will pay them another $344 on 10/10 to bring my total up to $1082. I will then have 3 more payments of $344 due by the end of the year.
Here is my question....I see that First Bank of Delaware no longer is allowed to give installment loans here in Michigan. Does that mean anything to me since my loan was given before that? Am I just stuck paying these payments?
Any input is greatly appreciated!
I believe you are obligated to make the remaining payments. The
I believe you are obligated to make the remaining payments. The change in lending status does not affect you since you signed your contract prior to the change. The First Bank of Delaware is legal and licensed to lend, it is in your best interest to finish your payment plan. I am not an attorney and have no legal experience this is just my opinion.
