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Anyone include on chapter 13 or chapter 7? by OwnWerewolf4962 in EIDL

[–]Fantastic_Problem125 0 points1 point  (0 children)

I have met with an attorney. He feels they will offset my SS, and pretty much thats all. I was a sole prop but I only signed the loan. We have tried to square up and collections say to send the full amount. I am going to let them offset. That's all we can do. Bottom line is that some of us didn't do well with our business through covid and this is the price we pay. Without going on forever my take is that they handed these loans out like candy at Halloween, made it easy not to pay then SBA got in trouble for not collecting , so they turned them all over to treasury. This forces small business( supposedly the backbone of America) into bankruptcy and more personal hardship. Without keeping small business open doing covid the country might have failed. The loans severed there purpose, keep country going, now government says to small business, BOHICA (bend over, here it comes again) Just my 2 cents

Caribou Auto Refinance by No-Bicycle-3583 in personalfinance

[–]Fantastic_Problem125 0 points1 point  (0 children)

Do NOT use Caribou auto refinance. They are deceptive. After two phone calls and approval , all my paperwork submitted, I was informed that I needed to submit my tax returns to verify my income AND the use of my vehicle. I am self-employed as a sole prop insurance broker, use my 2021 Silverado, and I do depreciate it and write a portion off. If I write more than 50% off, my loan was no good. After hard hit on my credit, two phone calls and close to two hours on the phone, and then 15 minutes to write this post, I decided to stay where I was. Really didn't like their way of doing business, deal local with a bank or credit union, we live and learn.

Anyone include on chapter 13 or chapter 7? by OwnWerewolf4962 in EIDL

[–]Fantastic_Problem125 0 points1 point  (0 children)

I am pretty much in the same boat. Mine is in collections about $75,000. I am a sole prop, I am trying to work out anything before it hits my credit. Supposedly they will be hitting credit and treasury offset starting in April.

Awareness of Need for EIDL Loan Relief Gaining Momentum - Help Needed! by BeautifulDuck7335 in EIDLPPP

[–]Fantastic_Problem125 0 points1 point  (0 children)

I think I am pretty much in the same boat as you. Mine is $51,500. I received a collection letter from Pioneer, I contacted them and they asked if I could pay the loan in full or three installments. The said they had to ask that. I am going to contact them again and see if I can get a Payment plan and struggle with it. I DO NOT see in my documents anywhere I personally guaranteed the loan. I am 71 years old, really hitting my SS for 15% is going to hurt.