Extended Payment Plan (Florida) Already used once in a 12 month period
Date: Wed, 05/06/2009 - 09:06
I have an outstanding loan from Amscot in Florida for $450 + fees making my debt $496 that I took out in the beginning of April and have since paid it back twice and re-borrowed twice after the 24 hour "cooling off period". I took a loan like this back in October of 2008 and ended up using the extended payment plan and paid it off at the end of January. Then I found myself in a situation where I needed a loan again so here I am. My question is, am I correct in understanding that the EPP is only available once per 12 month period, thus making me ineligible for another EPP for my April 2009 loan? I am simply not in a situation at this point to re-pay the loan amount in full. So I am forced to pay the fees and continue re-borrowing until I can come up with the money. Thanks for you help,a nd any options to get this paid off (without borrowing from friends/family) if the EPP is definitely not available to me again, would be very helpful. Thanks again. :(
It is true that an EPP is only allowed once every 12 months but
It is true that an EPP is only allowed once every 12 months but it does not hurt to call the corp and explain the situation and see if some payment arrangments can be made.
If you end up defaulting they may offer a repayment plan. Howeve
If you end up defaulting they may offer a repayment plan. However, I would call the corporate offices like nohiogal stated to see if you can work something out.
I know I used a EPP with Advance America, then they offered to s
I know I used a EPP with Advance America, then they offered to set me up on one again before the 12 months was up. They knew I was going to a consolidation company, so they tried to get their money anyway they know how.
Well that was wonderful it worked out for you. Maybe the OP will
Well that was wonderful it worked out for you. Maybe the OP will be blessed to receive the same offer.
Thanks everyone for your advice. I contacted them ( I went in pe
Thanks everyone for your advice. I contacted them ( I went in person) and spoke with the manager at the branch I took the loan from and they called coporate who approved a $100 month payment. No extra fees, just what I borrowed (the $450 plus interest and state fee =$496) as originally borrowed.
Thanks everyone for your advice. I contacted them ( I went in pe
Thanks everyone for your advice. I contacted them ( I went in person) and spoke with the manager at the branch I took the loan from and they called coporate who approved a $100 month payment. No extra fees, just what I borrowed (the $450 plus interest and state fee =$496) as originally borrowed.