Nearly All of My Payments to Beneficial Go to My 29% Interest Rate. How Do I Get Out of Debt? – Trevor

We had some financial issues and had to get a loan fast, so we went to Beneficials loan services, got a $9000 loan. the interest is 29% and over the last three years we’ve payed it down to $8800. Doing the math we have paid $8900 in interest, and the company will not help us to lower our interest or even work w/ us.

How can we solve this problem, our credit is ok and we are on a one income life. Do I try credit counseling, try for a settlement? We are in great need of advise thank you.


I’m currently backed-up on answering questions so I’m posting some of the questions here for you to help answer.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question in the comments section below.

Damon Day - Pro Debt Coach

Follow Me
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
Steve Rhode
Follow Me
See also  Is There Any Way to Settle Our Debts With AMEX and Beneficial? - Jennifer

Comments are closed.