Multiple loans, same company

Date: Tue, 06/28/2011 - 11:35

Submitted by stullj10
on Tue, 06/28/2011 - 11:35

Posts: 24 Credits: [Donate]

Total Replies: 2

So what is the deal with having had 2 or 3 loans with the same company.

For example, one lender has had me in the trap and I took out and fully paid 1 or 2 loans before having my last loan, which I stopped paying.

My approach has been to add up ALL deposits from this lender minus ALL payments, regardless of which loan they were against. The the difference between the two is what I owe or what I have overpaid.

Has anyone had experience with this?

Thanks,
Jason

I had this with a couple of my lenders and used this strategy.

I had this with a couple of my lenders and used this strategy.

It worked for both. I received PIFs from both and a refund from one.

lrhall41

Submitted by OhioGal1 on Tue, 06/28/2011 - 12:11

( Posts: 5253 | Credits: )

Thanks

Thanks Ohiogal.

I'm pushing now so we'll see where this goes. It's good to hear that this strategy has proven to be successful (at least in your case!).

lrhall41

Submitted by stullj10 on Tue, 06/28/2011 - 14:03

( Posts: 24 | Credits: )