What Types of Repayment Plans Were You Offered?
Date: Wed, 07/25/2012 - 07:22
I was just wondering what everyone's experiences were with getting alternative/repayment plans arranged on their balances. Please state if it was an installment loan or a payday loan and the name of the company. I'd like to know how many payments they allowed you, if it was EPP or something else, how flexible were they with the amount you pay (and if they allow monthly vs. biweekly) and how easy it was to arrange? Were you able to get them arranged in person or did it take calling the corporate office?
I'm wanting to get as much information as possible so I go in prepared to each office.
Don't go into the store, Erin. If you want an EPP, call the cor
Don't go into the store, Erin. If you want an EPP, call the corporate offices and work with them. They are MUCH more flexible and, they deal with this on a much larger scale. The people at the store work on commission so, they don't want to "help" you as much.
:)
Most places will give you 4 payments. There are a few that will give you 5 (PayDayOne is one example).
If you default and go to collections vs. working out the EPP, you have more flexibility as well. This is where you may be able to negotiate monthly vs. per pay date payments.
I have worked with ChecknGo and they were generally nice. Missed
I have worked with ChecknGo and they were generally nice. Missed a couple of payments and the total came to $981.57, principal plus interest. I asked for the EPP and it turned out to be 5 monthly payments of $250 each. Got a PIF letter in a week or so.