How can I get rid of high interest rate loans

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Stephon
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How can I get rid of high interest rate loans

Post by Stephon »

I am a single middle age woman and after a few "emergencies" I was forced to take a couple small local loans at high interest and now I can't seem to pay them off. This leaves me over-extended every month. If I could pay these loans off I would be back to a manageable level.
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Re: How can I get rid of high interest rate loans

Post by Marjory »

Hello,
   We came home to an eviction notice after the holidays, yesterday. This is as we are working to pay off high interest payday loans.
Unfortunately, we wasn't aware of anything due to the fact that we was told to pay the back rent and you don't have to show up to court 11/19/22. Again, we brought the balanced to zero and assumed everything was fine. Unfortunately, it wasn't. According to the paperwork it was filed on Friday the 22nd but we didn't get the notification until November 27th.
Now, we have nowhere to go and we will be evicted tomorrow at noon. We have terrible credit due to the high interest rate loans and can't borrow money from anywhere else. My husband talked to the property manager and she told him that he can pay something towards the current rent and we should be ok.....well that wasn't true. An hour later she called to tell us that they are going forward with the eviction. He gave her $500.00 the last that we had and then 10 mins later we get that completely shock of news.
My husband is the only working because I have MS and rheumatoid arthritis. I have tried for disability since being diagnosed in 2020...but again nothing good. Please, if there is anything anymore can do for us it would help. The total amount now due to these courts fees and the remainder balanced it is 1,300.
Thank you for your help in this matter,
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Re: How can I get rid of high interest rate loans

Post by Admin »

If you want to get rid of a higher interest rate loan, but have bad or no credit, then try a lender that helps people with bad credit. There are some out there. But read the fine print. Be wary of predatory lenders, as they exist too. But there are non-profit places that give out low cost loans and or money to people with bad credit. Find there here. https://www.needhelppayingbills.com/htm ... loans.html
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