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Payment plan set up.

August 28th, 2006 at 02:31 pm

My step brother just called about setting up a payment plan for paying back the money I gave him so he could keep his truck. The absolute minimum he will be paying is $100. Chances are he'll be able to do more at some point but until then he will be setting up the following:

$50 from each check on the 1st and 15th set up as an allotment that way I always know when I'll have the money and don't have to worry about missing a payment (I borrowed the money as a balance transfer on one of my credit cards at 3.99% interest).

For now, since the 15th just passed, he will get me $50 from that check and another $50 from the 1st. Hopefully by October the allotment will automatically go through.

I considered telling him not to worry about it right away since my regular minimum payment is only a couple dollars less than what they increased it to with the balance transfer. But then remembered that Dad and StepMom had offered to also help him out with paying me back so I figured he could figure that part out on his own.

It's hard for me to not continue to 'help' but I need to step back and let him figure it all out on his own. At $100/mo it'll take almost two years to pay back. *sigh* So hopefully he will increase it when he can.

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