This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
I talked with someone from this collection agency. After going thru a brief rundown of our very poor monthly profits, she offered a bunch of ridiculous options in order to pay off our balance in a few months. Our original loan was $235k it's now grown to 336K in fees & interest. We don't know if our business is going to survive (long story) but is our best effort to focus on trying to get back to SBA?
If you can afford the monthly payments, then yes, if you can get it back to the SBA that would be best.
But, if you are struggling and you do not think you can generate the monthly payments for the next 30 YEARS...might be a good time to talk to a bankruptcy attorney.
Hang in there.
Subreddit
Post Details
- Posted
- 9 months ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/EIDLPPP/com...