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I couldn't say what a finance company would feel - but as a centre director, I much prefer it if parents are up front when they are struggling with their fees rather than avoiding me and just getting way behind. Banks will normally try to help out, as would any financier worth their weight... give them a ring and be honest would be my advise.
Registered User
Not sure about finance companies but your utility bills really prefer it if you ring and make an arrangement and not just pay late.
Registered User
I've often done this with electricity bills as they always seem to be higher than we budget for (apart from the last bill which was HEAPS lower than we expected)
We are going to try and get a consolidation loan to start making a dent in the debt we have but until thats sorted we are just living pay check to pay check.
Registered User
Sounds responsible to me! You have altered circumstances and are making adjustments accordingly, plenty of people would just let the bills pile up and hope they disappear rather than address it. You shouldn't be embarressed at all.
xx
Registered User
The horror stories you see are generally people who haven't advised them of change of circumstance..
Although you have signed a contract, most companies will assist with a payment plan, but they aren't obliged to..
Registered User
Most companies would rather hear from you before you get behind in the payments. Once you start building up missed payments, that's when it gets harder to negotiate.
Registered User
I agree they prefer you to be honest and upfront.
I was avoiding one loan and i finally got the courage to call them and tell them whats been going on and found it really wasnt all that bad.
Sometimes you can't help what your current situation is, and they are always willing to make alternative arrangements that better suit you.
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