Can the debt consolidation consultants negotiate with the banks when there is a shoftfall in monthly pymt?
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Speak with the manager although it seems that most banks now have a separate branch that deals with there loans. This stops you being able to deal with the manager as they would say they are unable. Depending on what the manager says which is mainly "Unable to help you." Any monies of yours that you put into your account they will take for there payments. Best advice is this is going to happen is to change banks and then tell the loan company you can only pay minimum. You then are in control of your monies. They may default you but if you stay within there requirements of a lesser amount even for only 6 months they will not default. Some of the loan companies will work on a scare tactic but most are good people. Seek advice from free money advice.
Yes what they do is get the credit card company to stop charging fees and interest. With one flat amount you can then make payments. Sometimes they can get the amount reduced.
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