Wed, 07/31/2013 05:44
Please don’t judge me, I already know I am an No You are not!!
I took an installment loan from Spot Loan. I made three payments. I now realize, I cannot continue to make the payments. The initial loan amount was for $800. I have made three payments, of $135.00. I don’t seem to be making a dent in the interest rate!
I don’t even know if installment loans are legal in my state. I am in Pennsylvania!
I don’t know if I should I just take another installment loan to be able to make the payments? On the current loan, just to stay current with the payments. I don’t how to hand this mess.
I don’t know if an installment loan goes on my credit report?
I am so clueless, and overwhelmed, and feel like a moron….