Any advice on what steps to take prior to my defaulting on legal storefront pdls?
Date: Thu, 04/08/2010 - 16:33
Submitted by trapped in nevada
on
Thu, 04/08/2010 - 16:33
Total Replies: 1
Thanks so much
Why don't you check first to see if any of your store fronts are
Why don't you check first to see if any of your store fronts are members of the CFSA (Community Financial Services Association of America) at the link below, if they are, you might be eligible for an extended payment plan, with that type of payment plan the interest stops as soon as you sign up for it and you would pay it off in 4 payments.
http://www.cfsa.net/MemberList.aspx
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html
Once you sign up for an EPP, you won't need to close your account or freeze it, store front lenders who are members will honor the EPP and not attempt to debit your account or cash your check. On the other hand, if they aren't members, they will most likely attempt to cash you check anyhow which might cause you NSF charges. So, it's best if you speak directly to the lenders and work something out, if possible.
