Posts by Melissa Ortiz7

George Ward3 said:Yeah, if you're signing a new contract, you can basically wipe out your old loan with that restructuring plan along with all those credit card balances. You'll get a lower interest rate, and I'm pretty sure you can drop your monthly payments too. Honestly, you don't even need a formal restructuring for that—just sit down with your personal banker at JPMorgan Chase, explain the situation clearly, and they'll almost certainly work with you. I also think you could probably request a grace period on payments, even with your current complications. Just head into the branch and ask everything. Depending on whether it’s a personal loan, a line of credit, or a mortgage... they offer restructuring options for just about everything.

I've got this general personal loan...
I'm planning to head to the bank as soon as my medical complications start so I can sort out the payments.
Thanks so much everyone, and please keep your fingers crossed for me because I'm feeling totally overwhelmed—between being pregnant and trying to figure out how to handle all these loans, I feel like I'm losing it.

wait, I’m a little confused here... is the whole point of the restructuring to basically line up my new loan agreement or something?
I was thinking that maybe if I went through with the restructuring, my monthly payments might actually be lower or something like that
I’d honestly love to take advantage of a moratorium, but I’m not really sure if I can even pull that off since I'm currently on maternity leave, and I have no clue what kind of paperwork I'd need to dig up
Everything is just such a blur right now because I sat down today to crunch the numbers and I was honestly shocked by how tiny my take-home pay is going to be. My employer has me registered at minimum wage, even though they were paying me around $1333
so yeah, this is all just a massive shock to my system.

Hey everyone, I was wondering if anyone here has ever tried to ask JPMorgan Chase for a loan restructure? So, basically, I’ve run into some medical complications lately, and my upcoming compensation is going to be around $500, but since my monthly payment is sitting at $467, I’m kind of stuck. If I keep paying the full amount, I’ll probably only have about $33 left over just to survive on, which feels pretty impossible. I guess I’m just looking to see if anyone has gone through something similar or if you might have some advice on how to handle this.

Honestly, you really shouldn't mess around with those loan sharks... I mean, it’s just not worth the risk. I actually know about this one situation where some loan sharks ended up seizing someone's entire apartment and basically tossed the family out onto the street, and they're still stuck in court fighting over it to this day... but yeah, whatever
Don't just sit there, maybe try looking for some side hustle or something, like cleaning or whatever else is out there, just please don't go looking for help from those loan sharks