Creditors Rights Law

Can There Be A Negotiation Between Creditor And Debtor?

Yes.

  1. Reduce monthly payments
  2. Refinancing a loan
  3. Deferring a payment for a short time
  4. Reducing or dropping late charges
  5. Paying interest only on the loan until you can resume monthly payments
  6. Voluntarily surrender or give back an item purchased on credit.