Dealing with store front loans
Date: Tue, 04/30/2013 - 23:11
So I am pretty much done with all my Internet payday loans. I just gave a little more to pay on my principal but everything is pretty much settled. Now I have questions about my flatire front loans. I live in Michigan and have 2 loans, Check N Go and Advance America. Since I am playing catch up, I entered into an EPP with both and have not paid anything but I am due on May 9th but don't have the funds to pay the $225 to pay each loan. My checking account has a hard block so they can not get into them. I'm just wondering what I should do. Do I call them and explain my situation? (My cars engine actually blew up and I need the money to repair which is $$$$). Will they send me straight to collections? I've never defaulted on store front loans and a lite nervous in how to handle them. Thanks for any advice!
Sorry about some of the
Sorry about some of the spelling mistakes, auto correct and I need to review before I hit save.
Best thing is to call them
Best thing is to call them and see what you can work out. It is possible if they do send them to collections the payment may be more manageable than the $225. They are usually fairly easy to work with be cause they are legitimate loans. Just tell them you either need to rearrange the EPP's or go to collection - it is not that you don't wish to pay but the current will not work due to circumstances beyond your control. - Good Luck and keep us posted on the progress.
