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Payment Plans?

Date: Tue, 11/16/2010 - 06:40

Submitted by anonymous
on Tue, 11/16/2010 - 06:40

Posts: 202330 Credits: [Donate]

Total Replies: 2


I have several payday loans, I don't want to default or close my checking account. Will most lenders work out a payment plan if I go to them? I also cannot afford to do the EPP. I need to pay less each payday then the payments would be for EPP.


First it's always best to being by giving us specifics:
Name of each PDL company?
Amount deposited into your account?
Amount that has been debited?
State in which you resided when the loans were processed?
Are the accounts current of are you already in default?

Also, it will depend on each company. How do you know you can't do an EPP unless you've already contacted the companies to get this information?


lrhall41

Submitted by J L B on Tue, 11/16/2010 - 07:50

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EZ Money $280 + $66 interest (biweekly)
First Cash Advance $500 + $92 interest (biweekly)
Advance America $300 + $67 interest (biweekly)
Check n Go $500 + $114 interest (monthly)

I live in Texas. I have not defaulted yet. I know I can't afford the EPP if it is four payments and I have to make a payment each pay period. I understand in the long run it would be better for me, but that would make payments high and I have to pay other bills.
First Cash Advance already told me no, they said the check has to bounce and then they would only allow four payments. With the bounced check fee and late fee, that would make me have to pay around $400 a month just to them!


lrhall41

Submitted by on Tue, 11/16/2010 - 12:44

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