Money is currently very tight and a couple of my lenders will be receiving their payments late. What is the most responsible way to handle this as well as not receiving 40 phone calls a day :)
2007-01-22 07:15:24 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
I would contact them immediately to let them know it will be late. You may owe a late fee, but at lease they will have a record of your request to make a payment late.
2007-01-22 07:19:23 · answer #1 · answered by Homeslice 4 · 0⤊ 0⤋
Call them and be very honest with them - tell them that you're having financial trouble and would like to make payment arrangements. Be HONEST about when you think you will be able to make the payment. Honesty is the key - if you are honest with them, they are far more forgiving than if you say you can pay them next week knowing that you can't, and then miss the deadline you agreed to. Most creditors would rather make payment arrangements than send you to collection or pursue legal action, so as long as you are very straightforward, you shouldn't have a problem.
2007-01-22 15:25:37 · answer #2 · answered by Bush Invented the Google 6 · 1⤊ 0⤋
I agree with homeslice. Lets them know that you have the intention of paying. Some places will even take a partial payment over no payment at all.
2007-01-22 15:23:31 · answer #3 · answered by Lucy 5 · 0⤊ 0⤋