I am unsure what to do about this. I took out a loan from Kabbage in 2014.
I was selling items online and would borrow from Kabbage, purchase items
and sell them and pay Kabbage back. I did that for a long time.
One customer bailed on me and I asked Kabbage for a weeks grace period.
They declined and interest tacked on to the amount was enormous.
I tried to make payment arrangements with them. I told them all
I could afford was $25 a month until I had more sales. They declined my offer
and turned me over to a collection agency. I was contacted and then
set up to pay them $25.00 a month. They transferred me to another collection agency
who also took $25 a month. I was told that was not enough and to stop paying.
I've been bounced around to collected agencies since. I am on Social Security Disability so am limited.
The latest contact was a month ago from a local attorney's office. They said they
would take my $25.00 a month. I don't mind paying them, but how can I be sure
this will be a permanent arrangement. They won't put anything in writing about the arrangement for
me only will send me the balance due.