Has anyone used Relief, LLC. ?
Date: Thu, 07/29/2010 - 09:18
I have 6 PDLs at store fronts in Ohio. I'm in good standing now, but won't be able to make the payments in a couple weeks. Most are members of the CFSA, but the amount I would need to pay for EPPs is outside my ability to pay them all in that manner (~$880x4), even if they were monthly payments.
Do a search of this forum, and also check the BBB.
Do a search of this forum, and also check the BBB.
Most PDL places say that they do not have any other way of exten
Most PDL places say that they do not have any other way of extending payments over time. But that is not quite true. These are 10 things you can do. (As long as you still have a job).
1. Ask them if you have any other options of paying the loans back. Most will say NO. But some will say, "As long as you come in before the loan is due, you can make arrangements with them to pay 1/3 or 1/4 of the total amount every 2 weeks. So if you owe $400, you may be able to pay $100 per pay over 8 weeks.
2. If they say, there is no other option. Call you bank and place a "hard hold" on your account. It's costs $30-$40 or $50 but that means that your account is frozen by you and no one can withdraw until you removed that hold. Then when they call you for the money, say that you want to make payments. Most of the time they will say yes, because going to court is too costly for them.
3. Ask a friend or relative to help you. You can pay them back over time.. $100 a month for 6 months. Agree to give them an extra $50 for interest. It's $100's less then what you would pay and much more interest than what they would get in a bank.
4. If you go to church, ask if they can help. Some churches will swing you a loan or better yet, give you money. But, go to church and pay them back in tithes. (Donations) It's the God-like thing to do.
5. Ask your employer for a pay advance. Most will loan you up to $1000 and repay over 1-4 pays. Or get a second job. Even if it's temporary. Mow lawns, odd jobs will net you $5000 over one summer.
6. Get a loan from you IRA or 401K retirement. Most will loan you half of what you have. You can take up to 5 years to pay it back and usually at 6-7% interest. But hears the good news. The interest goes back into your own account.
7. Craigslist or Ebay some of your valuable items. Have a yard sale, garage sale, apartment sale. You must be spending the money on something worthwhile. It doesn't make sense to spend $100's on interest and still be watching a 60 inch flat screen TV.
8. Cut out your Cable TV, your cell your, your memberships . You'll find that the extra $60 a month saves you $700 a year.
9. If you have a car payment or house payment, call them and keep the communications open. Most will let you skip a payment once a year. Ask so a $1000 house payment and a $600 car payment will be tagged on the end of your loan. That instantly frees up $1600 in a matter of minutes.
10. Stop borrowing. Do not spend what you do not have. If your using the money to pay bills, most companies will work with you ask long and you keep the communications open. If they yell at you, remain calm and tell them to call back when they are polite and you can usually work something out with them. Remember, bill collectors that are calling you get paid based on what they collect. Let them know you'll work with them when they are polite with you. BUT, stick to your commitments. Nick from CF
