Do It Yourself Credit Card Debt Settlement to Negotiate Debt

Rather than paying a 10% monthly charge or a flat fee to a professional debt negotiation service, do it yourself debt settlement offers an alternative way of negotiating debt. Whilst a debt settlement service has more experience with the negotiation process, it is possible to reduce the principal without expensive advice. An appreciation of why lenders are prepared to listen,…

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Why Loan Modifications Don’t Work: Distressed Borrowers Re-Default at Alarming Rates

Government programs have come under fire recently for their poor performance in terms of loan modifications. Data shows that over 70% of modified loans fall back into default as soon as the modification period ends. While it is important to explore the reasons people default on mortgages, it should also be noted that borrowers, whose principals were reduced were far…

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