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Do I Have to
Reaffirm on the Same Credit Terms?
No.
A reaffirmation is a new contract between you
and the lender. You should try to get the
creditor to agree to better terms such as a
lower balance or interest rate. You can
also try to negotiate a reduction in the amount
you owe. The lender may refuse but it is
always worth a try. When faced with
receiving nothing, creditors will be more
willing to negotiate with you after you file
bankruptcy.
For
more information about bankruptcy, please
call us at 408-294-6100, or e-mail us via
info@sjconsumerlaw.com. One of our
attorneys will be able to answer any questions
which you may have in greater detail. Please
remember that the foregoing information is of a
general nature, and does not constitute legal
advice. The facts of each situation are unique,
and we must discuss those facts with you before
any advice can be given. |
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