Solutions offered: 1. Skip a couple months of payments and add them on to the end of loan (the company gets all of the money back borrowed including the 30% interest being charged) 2. Lower the interest rate which would lower monthly payments (the company gets back all of the money borrowed with a little less interest) 3. Freeze the interest rate (the company gets back all of the money borrowed)
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The initial request to ‘skip’ a few payments and add them to the end of the loan was months ago, -(an attempt to stay on track while figuring out a plan before missing payments… seemed like the responsible thing to do… and there is absolutely no loss
Then I think this company are just being stupid and nasty!
Yes, they certainly can be vindictive. Saw a loan manager toss a heating stove out the door in the winter-time for late payments once. Outside of a crummy bed or two it was the only large item the poor family had in the house.