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Drowning in installment loans

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I'm stuck in what seems like a never-ending cycle of installment loan debt. I have about 12 loans totaling somewhere around $13,000. Any advice on how to get out of it? Any advice or suggestions for me?




What about your current income status? If good, then take about a consolidation loan to pay off all the loans. Search for a lower interest rate on the new consolidation loan. Make sure you make the monthly payments on your new consolidation loan. If you don't want to deal the debts on yourself, seek professional debt relief help to settle or consolidate your debts.

Sub: #1 posted on Fri, 06/22/2018 - 05:03

sanderspatricia29 sanderspatricia29

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You can also consult a debt relief law firm to get help with your debt problems. If required, they can negotiate with the creditors and get the loans settled. Through this option, you can solve the problem by paying less than what you owe to the creditors.
So, it's better you enroll for a counseling session and discuss your debt scenario to find out solutions.

Sub: #2 posted on Fri, 06/22/2018 - 07:12

Mabelle Page Mabelle Page

(Posts: 167 | Credits: )

Which state are you from? Can you please tell us about your lenders? If installment loans are illegal in your state, then you just need to pay the principal amount, not more than that.
If they are legal and you can't mange the monthly payment, you can get help from a debt relief law firm.

Sub: #3 posted on Mon, 06/25/2018 - 04:05

Barbara Delinsky Barbara Delinsky

(Posts: 331 | Credits: )

I beg to differ with SandersPatricia.

I have a doubt if any lender would agree to give you a loan worth $13000. It's not that easy. Much depends on your credit score. Some lenders may ask you to bring a co-signer with good credit. Some may ask you to pledge a collateral. Are you ready for it?

Sub: #4 posted on Tue, 06/26/2018 - 20:53

SC SC
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What are the names of the companies? Please include which are online and in store loans. Thank you!

Sub: #5 posted on Mon, 07/02/2018 - 08:37

oaktonlove411 oaktonlove411

(Posts: 3 | Credits: )

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