Overwhelmed by several tribal loans

Date: Thu, 03/02/2017 - 09:49

Submitted by Franklin Miami
on Thu, 03/02/2017 - 09:49

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Total Replies: 4

Hello friends, I'm new to this place. I made the dumbass decision of taking out over 8 online tribal loans and although I have done my best, well, as you can imagine, I'm exhausted and broke now just paying the interests alone. I live in Miami, FL and was wondering if you could provide advice on how to best proceed. To put my situation in perspective, I'm paying monthly about $3,000 in interest. Please help.

Basically, tribal loans are

Basically, tribal loans are illegal in our country. Since you’ve already paid too much, don’t pay a penny from now onward. I guess you have already paid the principal amount. So, don’t bother.

lrhall41

Submitted by Phil Bradford on Tue, 03/07/2017 - 02:24

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Hey, in your case..there are

Hey, in your case..there are certain things you may try further to manage your finances..

Try to create a budget. As you are going into a greater amount of debt, you need to cut back other non-essential expenses. You can also need to come to terms with fixed costs.

Start focusing on your credit score. As soon as you build a good credit score, you can opt for cheaper ways to borrow money and pay off the other existing loans as soon as possible.

lrhall41

Submitted by Barbara Delinsky on Tue, 03/07/2017 - 05:33

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I agree with Phil. Stop

I agree with Phil. Stop paying interests. Tribal loans are not legal and you have already paid so much. I hope they will not bother you in future.

lrhall41

Submitted by Sanders Patricia on Wed, 03/08/2017 - 05:20

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Increase your income. And

Increase your income. And stop borrowing any further. Save first, spend later.

lrhall41

Submitted by paulcahill80 on Thu, 03/23/2017 - 05:04

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