Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0

Give the loan company a call, explain the situation, and ask for mercy. The worst they can do is say no, right? Unfortunately, I wouldn't give you very good odds, though - she was, indeed, late.

Ongoing, why not suggest sending a payment every month, at the same time of month, for the same dollar amount, regardless of whether a bill comes or not (and look into whether it is possible to do this all electronically at your bank). After all, she knows the loan amount, the repayment schedule, and all the details - the "bill" is really nothing more than a reminder. This is, in my opinion, quite different from an electricity bill. The payments have been defined by contract well in advance.

Just some off-the-cuff thoughts - I am sure other Fool will provide very good input.

JCKelly
Print the post  

Announcements

Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.