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The process of settling car payment debts is fairly straightforward in theory, but can actually be quite complex in practice. The idea is that when borrowers fall behind on their car loan, the lender may be concerned that the borrower will stop paying the loan altogether. In such...
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Negotiating a Mortgage Debt Settlement With Your Lender
Mortgage debt settlement has become an increasingly popular concept, with rising foreclosures and government bailout programs designed to help struggling homeowners. Mortgage debt settlement can take one of two forms: you can restructure or modify your mortgage with your lender, adjusting the principle
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Settling Debt On Secondary Mortgage
Mortgage debt settlement is often easier with a second mortgage (or HELOC) than a first mortgage. That’s because the second mortgage holder usually has less leverage and less protection than the first mortgage holder. That gives the holder of the secondary mortgage more of an incentive to settle. What
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How To Get Settlement For Default Student Loans
How to get settlements for default student loans starts before people contact their lenders. When people default on their student loans, they are at risk for wage garnishments, income tax refund offsets or not receiving Social Security benefits.
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Capitalization of Missed Mortgage Payments
Because of the millions of foreclosures homeowners faced during the recession, the federal government and the mortgage companies developed a variety of options for restructuring home loans to make them more affordable. When people fall behind in their mortgage payments, it is often very difficult to
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Mortgage Debt Settlement: Is it Possible?
Mortgage debt settlement is possible although it is more difficult than settling unsecured debt like credit cards. While lenders are still reluctant to reduce principal, the government has put more pressure on lenders to find ways to help borrowers who are underwater and cannot afford their mortgage
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Mortgage vs. Deed of Trust: Debt Settlement Options
Whenever a borrower affixes his signature to a promissory note, he or she agrees to pay a creditor a given total of money, under specific provisions. So that the creditor is able to take care of his or her interests, he or she will ask the borrower to security document like a mortgage, in favor of the
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Ways To Consolidate Secured Debt
Secured debt settlement can be a bit of a challenge, since secured debt is harder to negotiate or settle than unsecured debt. Secured debt is debt that has collateral associated with it. In other words, there is a product or an item that secures the debt and that the creditor can take if the borrower
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Student Loans: How To Settle Debt
It is a fact that most students who pursue higher studies have a student loan to repay. Over a period of time, this debt liability becomes burdensome and you desperately look for ways and means to get rid of this debt. As is known to all, student loans are unsecured loans and the only assurance is the
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How Does a First Mortgage Differ From Other Home Loans?
Mortgage debt settlement can be difficult, as a mortgage is a secured debt. This is especially true for a first mortgage on a home, as the lender who has the first mortgage on your house has first rights to foreclose and collect the proceeds from a sale if you do not pay. To better understand why mortgage
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How will capitalization of arrears affect my mortgage settlement?
How will capitalization of arrears affect my mortgage settlement?
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How does settling secured debt compare to settling unsecured debts?
How does settling secured debt compare to settling unsecured debts?
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What are my options if I am unable to pay my tax debts?
What are my options if I am unable to pay my tax debts?
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What can I do to get the lowest rate on my debt settlement loan?
What can I do to get the lowest rate on my debt settlement loan?
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How do I seek a settlement if I cannot make my car payments?
How do I seek a settlement if I cannot make my car payments?