If an applicants loan request has been approved by one or more lenders, they will receive their loan offers where it will be up to them to accept or deny the terms, fees and conditions residing within the loan offer. Not to be confused as a direct lender, lending agent or brokerage, 24/7 Loan Pros enables consumers to receive more competitive loan offers with better approval rates by sharing consumers loan applications across their network of lenders. These companies prey on good people in bad circumstances.8 Review Conclusion About 247 Loan ProsĢ4/7 Loan Pros operates as an independent loan matching service that connects consumers looking to obtain a personal loan online with their supported lenders. She can get through this, it will be very difficult but it has happened to thousands of others. If she defaults or declares bankruptcy there is a risk of wage garnishment (depending on your local laws, IANAL) and it would be good to start preparing for worst case scenario. My guess is that ends wont meet without a significant change of circumstances. It would also be wise to start putting together a budget. You will need to gather the details of all outstanding loans, all the paperwork on payment terms, it won't just be interest, payday loans also incur fees when they roll over. The interest must stop ASAP and without payment in full that will probably mean legal proceedings of one sort or another. It would be wise to at least consult a lawyer about her options. No matter how generous the terms, no matter how sincere her desire to pay you back, it is unlikely that she will have the capacity for many years at least. It is unlikely that she will be in a position to repay you or any family or friends for several years, if you lend her money that you can't afford to lose it will hurt both of you. Do not give them any reason or opportunity to pursue you for her debt. Any company using those kinds of interest rates cannot be trusted to follow rules on collections, or sell her debt to reputable collectors. Under no circumstances should you make payments on any of her loans. Do not put your own future at risk, your oxygen mask goes on before you help anyone else. There is nothing you can do to stop her from taking more loans. She got herself into it, only she can get herself out. I honestly don't know how Medicaid in Utah works, but I can say for a fact that many of the more progressive states have great public assistance and health.įirst and foremost: you cannot solve this problem. Healthcare will debilitate her, so she may as well move to a state where there's good public healthcare if Utah's is poor.At this point, the only luxuries she can afford appear to be of the imagination and creativity route while occasionally splurging on some other material or travel items IF she ever gets out of this hole. While we're on the topic of moving, sell off as much shit as possible and cut ties with luxuries.Her job obviously isn't so great, otherwise she'd be in better financial shape. I'm not sure what Utah's public assistance is like, but if it sucks move out of state. She needs to find a better suited place to fit her and her family's financial state. There's no shame in filing bankruptcy and having wages garnished if this is the dire situation she's in. She needs to just file for bankruptcy if nothing else can get her out of this hole. Why is she a single mother? Daddy also not helping out with the kids? Financial struggles aside, if one party is working the other should be doing the other work (house, child, meals, etc.).Why doesn't he work? Disability? Where's the government subsidy for disability if he is?.Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.
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