Not sure what I should do
Date: Wed, 10/22/2008 - 17:52
Hello, I'm new here, and need some advice.
I live in IL, and I have an installment loan for $500.00 w/Payday One. I made my first payment on Aug. 1, 2008. I have bi-weekly payments of $111.85. To date I have paid $671.10 which ONLY $103.70 has gone towards the principle. I FINALLY have a chance to pay the loan off on Friday (10/24/08). My "current principle balance" is $396.30, but the amount to pay off the loan in full as of today 10/22/08 is $455.75.....w/interest being tagged on everyday. My question is should I call them and see if they'll except just the $396 for the principle balance. Since I've already paid $671 to date. Or should I not do anything and just pay the full balance of $455......and run like hell and NEVER look back??? Thanx 4 the help
I live in IL, and I have an installment loan for $500.00 w/Payday One. I made my first payment on Aug. 1, 2008. I have bi-weekly payments of $111.85. To date I have paid $671.10 which ONLY $103.70 has gone towards the principle. I FINALLY have a chance to pay the loan off on Friday (10/24/08). My "current principle balance" is $396.30, but the amount to pay off the loan in full as of today 10/22/08 is $455.75.....w/interest being tagged on everyday. My question is should I call them and see if they'll except just the $396 for the principle balance. Since I've already paid $671 to date. Or should I not do anything and just pay the full balance of $455......and run like hell and NEVER look back??? Thanx 4 the help
I would make an offer, all they can say is no. :wink:
I would make an offer, all they can say is no. :wink:
Thanx Shazzers for the advice. Just have one more question. HOW
Thanx Shazzers for the advice. Just have one more question. HOW do I go about asking? Sorry if that's a goofy question. But how do I go about asking them? Thx again
I would just write them letter and send it via email. Offer a pa
I would just write them letter and send it via email. Offer a pay off amount of $xxx.xx.