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Confused: setting up payment plan with Ace?

Date: Mon, 10/29/2012 - 11:11

Submitted by anonymous
on Mon, 10/29/2012 - 11:11

Posts: 202330 Credits: [Donate]

Total Replies: 4


Hi, thanks in advance for your advice! To my surprise, I am unable to refi or rollover a PDL with Ace that originated in FL (where I no longer live, natch). After over 90 minutes of phone calls with several people, I luckily got the one person who knew what she was doing back on the phone. I have been given a 7 day grace period, at which time the full amount will be debited from my account unless I set up a payment plan with a credit counselor. While I can pay the entire balance, it would severely mess me up for a while financially, so I would prefer to make a plan.

The confusion lies in the credit counseling. No one seemed to be able to tell me just what I need to DO with a counselor to initiate the PP. Also, I'm worried that one of those plans will cost me as much if not more than a refi would have. To top it all off, my contract job ends this week, so I don't really even (unless I lie) have a guaranteed way to enter into an agreement---that said, I owe $400, and can easily pay it back over 53 days.

If anyone has entered into one of these arrangements, I would sure appreciate the benefit of your experience.

Thanks tons,
Robin


Hi Steve,

I have not defaulted, and I am aware Ace is legal. I am in no way looking to bail on paying this loan.

Ace does not give an EPP, and in Florida you have 60 days, period. You can pay it every week or on the very last day if you want. I know what Florida says I can do but I am trying to get one of their approved credit counselors on the phone and perhaps they will have a clue just what Ace is looking for!


lrhall41

Submitted by anonymous on Tue, 10/30/2012 - 10:43

( Posts: 202330 | Credits: )


I was able to work out a plan with ACE here in Arizona with no problem, I called the corp office, because the store could only do the EPP of 4 payments over my next 4 paydays which would have been like $850 a month for the next 2 months.. I came up with what I could do which was lower payments for a few months and then a payoff and they were OK with that.. It froze the interest and added like 5% for default to the total basically.


lrhall41

Submitted by HelpinAZ on Tue, 10/30/2012 - 10:48

( Posts: 1870 | Credits: )