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Elastic loan

Date: Thu, 05/18/2017 08:51
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Posts: 2
Credits: 33.85
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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.

Sub: #1 posted on Fri, 05/19/2017 - 05:10

sanderspatricia29 sanderspatricia29

(Posts: 724 | Credits: 75.57)

If you are not sure about the loan, consult a professional to deal with it.

Sub: #2 posted on Fri, 05/19/2017 - 07:02

Good Nelly Good Nelly
Industry Expert
(Posts: 2670 | Credits: 533.36)

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

Sub: #3 posted on Fri, 05/19/2017 - 08:34

Tom Bush Tom Bush

(Posts: 2 | Credits: 0.34)

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.

Sub: #4 posted on Mon, 05/22/2017 - 01:13

ditchdebt ditchdebt

(Posts: 669 | Credits: 254.25)

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