If you're in financial distress and in
need of a loan restructuring, it's best to reach out to your loan servicer and communicate to them your personal financial situation.
Not exact matches
«Be prepared for an in - depth discussion to help the
loan officer agree with your assessment
of the
need and strategy for
restructuring,» Ritter advises.
This creates a cycle
of borrowing that leads to the average senior taking out almost over three payday
loans before finally admitting they
need a better solution, which often means
restructuring their finances by filing insolvency.
Analysts say the extension is
needed as lenders
restructure millions
of loans.