I am a wedding photographer and one of my clients is now in breech of contract for nonpayment. I have no use for her pictures and would prefer to have my $$. In my contract I financed interest free for 4 months with payment due before wedding. Bride had sob story and I extended for two month. STILL no money two month later. I am now sending her a Consumer Loan Agreement with interest. I have never done this and can not figure what the payments plus interest will be. HELP!
The principle is $1318.07. The interest is 19.99% and there will be three payments starting Sept 30, Oct 15 and Oct 30.
Any sharp financial types out there able to help a photographer out?
Thanks Donnie! Nope, just outside of Houston!
Originally posted 2010-04-30 15:32:36. Republished by Old Post Promoter
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#1 by donniebre at May 1st, 2010
If 19.99% is your APR then 527.18 would be the 3 monthly payments.
EDIT:
Your picture looks very familiar. Near Bloom?