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Elastic loan

Date: Thu, 05/18/2017 - 08:51
Submitted by Tom Bush on Thu, 05/18/2017 - 08:51
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I have a loan with elastic.com. The balance is $2,600 and my payments are $250 bi-monthly. It's killing me financially. I'm getting behind on everything, including my mortgage trying to keep up with paying this loan. I can't do it anymore and I don't know what to do.
I live in Texas.
Any suggestions would be greatly appreciated!!
Thanks


As per my knowledge, it is not a payday loan. It may be an installment loan. However, read this thread, you may get some help.

https://forums.debtcc.com/paydayloan/elastic-installmentloan.html

Or, if you are going through a bad financial phase, then talk to a counselor to get the best solution.


Submitted by Sanders Patricia on Fri, 05/19/2017 - 05:10

Sanders Patricia

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I contacted MMI, spent an hour on the phone and was told to file bankruptcy. I'm not filing bankruptcy over this stupid loan.

What kind of professional should I contact?

Thanks


Submitted by Tom Bush on Fri, 05/19/2017 - 08:34

Tom Bush

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They must be mad. Why would you file bankruptcy to pay off this loan? Do one thing. Close your account and send an email to inform them that you're in financial hardship. Ask for a better payment plan.

If they're charging a very high interest rate, then they are breaking the law.


Submitted by ditchdebt on Mon, 05/22/2017 - 01:13

ditchdebt

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