Thanks for responding and for sharing your experience. We are a new program so I wanted to get some feedback!
> -----Original Message----- > From: Anita Corriveau [SMTP:[EMAIL PROTECTED] > Sent: Monday, September 08, 2003 3:31 PM > To: [EMAIL PROTECTED] > Subject: Re: [WTW] A loan to payoff a loan > > Hi Suzanne- > We had an identical situation a several months ago and Loan Committee > approved her loan. To date, all is well and she is repaying her loan. She > was quite a relieved to reduce her monthly car payment by over $200/mo. It > just seemed to make sense. > Good luck with your program in Detroit! > Anita and Ann in Camden > > Anita Corriveau > WAYS to WORK Family Loan Program > Center for Family Services > 584 Benson Street > Camden, NJ 08103 > 856-964-1990 ext. 295 > 856-964-0242 fax > [EMAIL PROTECTED] > > > ---------- Original Message ---------------------------------- > From: [EMAIL PROTECTED] > Reply-To: [EMAIL PROTECTED] > Date: Mon, 8 Sep 2003 15:10:55 -0400 > > >I had someone call who owes under $4000 on her current car loan and she > >wants a WtW loan to pay it off. Her current payment is $426.00/month and > >with the WtW loan her payment would be around $180.00. She meets the > >initial eligibility requirements and our loan would definently help her. > > > >Has anyone done a loan to payoff an existing one? If so, has the > experience > >been a positive one, has the client paid as agreed or did they have > trouble > >making the WtW payments as well? > > > >I'd appreciate any input anyone has-thanks. > > > >Suzanne Reid > >Program Coordinator > >Ways to Work Detroit Loan Project > >(313) 883-8399 > > > >The above information is intended for the addressee and may contain > >information that is privileged, confidential, or otherwise exempt from > >disclosure under applicable law. If the reader of this message is not > the > >intended recipient, you are hereby notified that any dissemination, > >distribution or copying of this communication is strictly prohibited. If > >you have received this communication in error, please immediatley notify > us > >by telephone. Thank you. > > > >
