I made a deal with the creditors!

iVillage Member
Registered: 03-27-2003
I made a deal with the creditors!
Wed, 11-24-2004 - 6:31pm

I did it! I got a lovely little shock (my own fault) cause I missed 2 payments of $30 (yes only 30!) on my student loan, so they sent it to a credit service. they wanted the total amount of $1700 immediatlt. So I reasoned with the guy, told him I only make $80 week babysitting and i have a baby so I need some money for food and diapers. I talked on and o and he finally came around, I asked for a few days. I remebered i had a check from vacation pay I never took so I called ,my old place of employment and told them to send the check to me. The amount was $950. I called the creditor and told him (I was speaking with the same guy) and that when it arrived I sent it to him like he instructed, and then struck a deal that as long as I paid something every month, no specific amount named due to my finanical condition, then they were happy. He said as long as they were getting the money they didn't care, plus they lowered the amount to $1400. the lowering of the amount is this good or bad? I never made any comment but I am willing to work to get this all paid off the total of 1700.00.

Kiki

Running Woman