Dave
Jacksonville,#2Consumer Comment
Thu, August 09, 2007
There is no help. You signed the papers, then you were late. You were financed through a sub-prime lender, because you already had a low credit score. Then, it appears you were 3 months late? It isn't their fault your credit is bad, it's yours. They are predatory lenders all right, but in order to keep them at bay, you have to make your payments on time every month. And to be honest, predetory or not, YOU signed a contract promising to pay them X amount of dollars every month, and if you don't live up to that promise, then they have the right to foreclose and charge attorney fees and late fees and anything else. Also, your payment will continue to go up probably because you got into one those lovely ARMS, didn't you. It's going to be really tough to get out of that one, because you probably have pre-payment penalties to contend with as well. Good luck.