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Loan Negotiate

i have a loan with citi financial, and the interest is allot, i was wondering if i would be able to Negotiate a pay out to them, or should i let it go into collection or wnat to do, and does citi financial Negotiate loan payment

Posted from: Ontario

One Response to “Loan Negotiate”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

It never hurts to try to negotiate privately with your creditors. IF you have had a good history and have been upfront with them they will often make some concessions. However, if you get to a spot where they simply are unwilling to negotiate you may need to contact a local trustee and discuss the possibility of filing a consumer proposal., which is a legal way you can have the trustee negotiate directly with your creditors and has a greater likelihood of being agreed to.