I had asked the
loan officer in charge of my loan, who in turn talked to "the
supervisor"????, to get my monthly payments lowered from 120 to 100. Not a big deal, but to my check book, it is. They said it couldn't be done through "just myself" only if I went through a consolidation company. WHAT IS THE DIFFERENCE IF I ASK FOR A REDUCTION, OR THEM????? I don't really trust too many companies out there. Are they serious in that they cannot do this for me or am I being jerked around? Please help with any legalities. Thanks.
1. Written by loan dice, on 13-04-2009 21:46
just pay, stop smoking and drinking, and pay your bill dead beat
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2. Written by Are you serious?, on 13-01-2009 22:03
If you change payment from 120 to 100$ you will in turn draw out the term of the loan, get charged more interest on that 20$ and since your loan sounds like its a small one, then they are usually not allowed to go over a certain amount of months. Seriously, just take the 20$ you would use for fast food of 2 meals, and pay it off quicker, and save you more money in the long run. You dont want to be tied down to a $100 payment for 24 months, when you can pay $120 for 18 or 21 months. That 3-6 months could save you 300-600 worth of payments, and for what.. to only cheapen your payment of 20$? SAD!
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