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Offer 2nd loan company reduced settlement
Brokenback_2
Posts: 26 Forumite
in Loans
Hi,
I have a 2nd loan which has at the moment £76000 as a current settlement figure. I am struggling to to make this payment plus my
mortgage payment which has a combined total of £1261 per month.
What are the chances of the loan company through dialogue of course
reducing and accepting a lower amount, is this possible and has anyone
had experience of this?
Regards
Brokenback
I have a 2nd loan which has at the moment £76000 as a current settlement figure. I am struggling to to make this payment plus my
mortgage payment which has a combined total of £1261 per month.
What are the chances of the loan company through dialogue of course
reducing and accepting a lower amount, is this possible and has anyone
had experience of this?
Regards
Brokenback
0
Comments
-
Unfortunately as they have a charge on your home the chances are very very slim. They might reduce your payments in short run but they penalise you with interest so you will owe even more.0
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