@Anonymous wrote:Be sure to indicate to your lender a willingness to have the monthly loan payment automatically debited from your account. This is a show of good faith to the lender that, in their view, lessens the risk of defaulting. Most banks and credit unions will reciprocate by reducing the loan interest by a quarter or half percentage point (some lenders even reduce it by a full percentage point). As a show of faith, it's admittedly not much, but every little bit helps.
I don't agree with ANY automatic payments that Pull....
If your having trouble getting ahead... having to spend all $$$ to make minimums... maybe a late fee here or there.... maybe even a 30 day late.... things are TOO Tight.... Time for a HARDSHIP Program... need to reduce minimum payments/interest rate.. free up some cash flow so you can LIVE. They would rather you did this than file Ch7....
