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Last step before Approval, Advice?

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Jreymiller
Valued Member

Last step before Approval, Advice?

We were offered 6,000 to settle on a 14,000 judgement (42% of the debt)

We set up payments of 500 instead and they said we can try to resettle in 6 month

In 6 months the debt will be 11,000 (I don’t know how their interest works)

Would it be fair for them to accept 4,900 after the six months (45% of 11,000)

Any experience if they will want more or go with less?
4 REPLIES 4
JVille
Valued Contributor

Re: Last step before Approval, Advice?

Super confused? What are you doing? What does this have to do with Loan Approval? Care to provide so info?
Message 2 of 5
Jreymiller
Valued Member

Re: Last step before Approval, Advice?

We have to settle the judgement before getting Pre approved for a mortgage loan
Message 3 of 5
JVille
Valued Contributor

Re: Last step before Approval, Advice?

Settle it now!
Message 4 of 5
EddieK
Established Contributor

Re: Last step before Approval, Advice?


@JVille wrote:
Settle it now!

Yes, and ask if they'll delete for payment.

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Message 5 of 5
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