Settlement/EPP progress
Date: Thu, 08/23/2012 - 13:07
I finally reached out to one of my biggest loans yesterday from The Loan Machine and asked about any options they may have. I took out at $3000 loan from them about 6 months ago and the payments are almost $500 a month. She without much prodding said she'd call her manager to find out and then called me back without 10 minutes. They offered me a settlement to pay $3000 (I still owed about $3500) and my payments can be $250 a month with no more interest. That'll be a nice relief $200 difference each month and actually seeing the balance go down will be motivating.
I set up an EPP with Quik Cash today, first payment is due 9/24 for $81 and they are only once a month.
Once I get Quik Cash paid off, I'll be able to set up another EPP and hopefully be on my way to getting rid of these awful loans.
Its just very hard to stay motivated having NO MONEY every paycheck and feeling like you'll never be able to pay off these stupid loans. I'm on my way to making a decent bonus this month at work but of course our lease is up in October and we need money for a deposit and rent at the new place. It never seems to work out for me. :(
I set up an EPP with Quik Cash today, first payment is due 9/24 for $81 and they are only once a month.
Once I get Quik Cash paid off, I'll be able to set up another EPP and hopefully be on my way to getting rid of these awful loans.
Its just very hard to stay motivated having NO MONEY every paycheck and feeling like you'll never be able to pay off these stupid loans. I'm on my way to making a decent bonus this month at work but of course our lease is up in October and we need money for a deposit and rent at the new place. It never seems to work out for me. :(
This is the problem. No one thinks about the high interests rate
This is the problem. No one thinks about the high interests rates and the monthly payments while taking out payday loans. All they do is just take out payday loans. Borrowers realize their mistake when they are unable to cope up with the payments. See, what payday loans have done to you? Now you have to work extra hours to come up with the money.
You hold on in there. Things are always worse before they get an
You hold on in there. Things are always worse before they get any better. Just stick steady and deal with the day and sleep till you get to the next one. Godspeed.