C
CARROLL7
Guest
Hi. I currently have a dilemma that I have to get solved as soon as possible. For the past couple of years I made the mistake of becoming a customer of the payday loan business. To make a long story short, I received a loan from this co. for $350 back in March, the interest on the loan was $105 to be paid each time I needed to renew the loan. I made a couple of payments on the loan including the interest and managed to bring it down to $250. Shortly thereafter, I ran into financial difficulties, where now I am on the verge of bankruptcy. I could no longer continue to pay on the loan as agreed and tried to set up arrangements within my budget. The company was not very cooperative, and now has referred me to a collection agency that has strong armed me into agreeing to pay this loan before 30 days or else they will report me as having a bad check (you have to send a voided check when applying for the loan so they can draft your checking account). Please advise, as I do not have this type of money and have mortgage and utilitie due (currently mortgage is behind). I don't want to get arrested for a bad check. I can have them paid by no later than the end of October, but there is no way I can do it in the amount of time they have allowed me. I live in Baltimore, Maryland.
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