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| *SoulEyes Photography>>>Wedding Photographer |
Need help figuring payment and interest on short term loan.? |
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? the total due is 1382.07... there is approx. 64 dollars of interest which is 21.60 per month and three months due.... spaced over 3 payments that would be 460.69 per payment Source(s): Banker Give all the pictures to her for FREE and get a Visa, MasterCard, Discover or American Express Terminal and charge to your customers BEFORE THE WEDDING. |
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