Fixed Income
Date: Wed, 11/01/2006 - 12:10
my mom is on a fixed income and has about $3000 worth of loans to storefront pdl companies. How can we end this madness because her monthly check is not enough to cover her household expenses and turn the loans over each month?
Your mother needs to save some money from her fixed income so th
Your mother needs to save some money from her fixed income so that she is able to pay other necessary household expenses. Should get started with a debt consolidation program. The counselor will negotiate with the lenders for a lower payment plan.
Did you ask your mother to check the latest standing of the loan account? The lender should charge the interests and fees within her state laws. Most lenders put excessive charges that make the total unaffordable. If there are some extra charges added on the total, some portion can be cut and it will become easier for her in paying the debts. This will be helpful in her situation.
