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You came to know that a private body can help to settle the loan by reducing the interest rate can you trust this company?
Wiki User
∙ 15y ago
Well, this concept came up in recent years. Some people call it Loan Modification, some call it Loss Mitigation. It is very true and can be easily done.
I would suggest that you check for the internet reviews of the company. Check for BBB ratings. Check for their customers. Ask them for some references.
Also, if you want, you can do it on your own. It is not a very tough thing.
The process is as follows:
You dont make payments to your lender for 2 months and then you send them a letter explaining your hardship. They reply back with a restructured payment system for you.
This is what most of Loan Modification companies do.
If you do not find any success with that, or if you need more details, please feel free to drop in a line at my bio page.
Thanks!
This is not legal advice :)
Wiki User
∙ 15y ago
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Why do you have to be delinquent on a credit card to get a settlement?
Becasue if you are delinquent the creidt card company fears it won't get its money. They will then settle to get soemthing as opposed to nothing. If you are apying something, they will just continue to add on the interest.
Can you settle a defaulted student loan?
In the US, if the student loan is Federally Guaranteed then the answer is no. The Dept of Ed. and it's collection agencies will not negotiate or settle a debt. If the student loans are private, then the answer is yes. If you need help with your defaulted student loans, the company listed at the bottom of this text box can help you.
Can you settle a charge-off with the finance company?
YES, if they want to settle it. Make them a CASH offer.
Will a finance company settle a charged off auto loan since they didn't repo it?
A finance company could settle the auto loan. You simply need to get in touch with the company and make an offer. Be sure to get any agreement in writing.
Can I settle my credit card without paying late payment and interest?
Yes you can. If you have the funds available, you can pay off the whole balance before the 'dues date' - and accrue no interest or charges.
Oasis legal services --- Charge high interest?
50% interest if you settle 0-6 months 65% interest if you settle 6-12 months so if you borrow $2000 you pay $3000 if you settle within 6 months or $3300 in more than 6 months
Did the London company settle Delaware?
No.
Was given permission by James you to settle and trade in Virginia?
The Virginia Company of London (otherwise known as the London Company), under the leadership of Bartholomew Gosnold, was given permission by James I of England to settle and trade in Virginia. This company was a subsidiary of the larger Virginia Company that also owned the Plymouth Company that settle Massachusetts.
Why do you have to be delinquent on a credit card to get a settlement?
Becasue if you are delinquent the creidt card company fears it won't get its money. They will then settle to get soemthing as opposed to nothing. If you are apying something, they will just continue to add on the interest.
Can you settle a defaulted student loan?
In the US, if the student loan is Federally Guaranteed then the answer is no. The Dept of Ed. and it's collection agencies will not negotiate or settle a debt. If the student loans are private, then the answer is yes. If you need help with your defaulted student loans, the company listed at the bottom of this text box can help you.
Can you settle a charge-off with the finance company?
YES, if they want to settle it. Make them a CASH offer.
When does a company declare bankruptcy?
A company is bankrupt when it is insolvent.it cannot settle its indebtedness.
What is an arbitrator?
An arbitrement is a judgment of an arbitrator - an arbitraiton.
What company gave the pilgrim permission to settle in their new territory?
Virginia Company (: - seudina.
Why did English people settle in England's colonies in north America?
Because you had private trading
If the primary defaulted on a car you cosigned how can you bargain with the finance company?
If you have cash to settle the account, you have a trump card. Maybe not the Ace, but the lender will probably negotiate - possibly forgive interest and late fees, but not the principal or his repossession expenses.
Who gave permission for John Smith to settle in Virginia?
The Queengave permission for John smith to settle in Virginia .
