Then I decided to say to hell with it. I lived it once I don't want to relive it. So here's the gist...
I tried a lease purchase with eagle logistics in Sept 2015, did alright for about a month, then after soon infighting, things went to #### quick. Due to a combination of lack of experience, and restrictions that were placed on us drivers from eagle, I got behind on my house payments. So far behind that once I got to 6 months behind my mortgage company placed me into foreclosure. We've been fighting with our mortgage company for months in order to get things back on track.
As of yesterday this nightmare with being foreclosed on has come to an end with a positive resolution. The bank finally approved my loan modification. So in essence my family and I get to keep our home. It's been hard fought, my payments go up a little bit, but my interest rate dropped over a half of a percent.
In the end I made a mistake, and admitting that I made a mistake that put my family at risk is a bitter pill to swallow. Unless you're single and live in the truck out If you have a family, it's best to make sure you either have a large sum of cash to fall back on, or another revenue stream that you can live on while trying to do a lease. I almost cost my kids their school, and the life that they've had for the last 15 years.
Just my story, take it for what you will
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Was going to write up my entire story
Discussion in 'Lease Purchase Trucking Forum' started by Gunner75, Apr 12, 2017.
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Dharok, poppapump1332, Vic Firth and 17 others Thank this.
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Eagle isn't a condemnation on leasing in general. The numbers on Eagle/Quality never added up.
But, I do agree. If you have a family and are the sole or primary provider, leasing or starting a business at all is probably too large a risk.Highway_Executive and G13Tomcat Thank this. -
Kudos, and God Bless.Bean Jr., bzinger and passingthru69 Thank this. -
Highway_Executive and Mann0567 Thank this.
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You went to public school for how many years ?
How much did they teach you about money ?
There is a reason why public school teaches nothing about money and everything connected to it.Dharok and Highway_Executive Thank this. -
What exactly are you trying to say driver?
driverdriver and G13Tomcat Thank this. -
Americana
Highway_Executive Thanks this. -
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