Escondido CA – I just saw a story in the news. It appears that some companies were charging $275 to $400 for car payment reductions. They would attempt to negotiate lower payments with the lender on the car loan.
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The only problem was that lenders were unwilling to offer payment reductions. I agree with the premise that auto lenders should be willing to reduce payments in certain circumstances. For example, many car leasing On the road Lenders aren't doing Loan Modifications on Car loan either companies would not offer to sell cars at the end of a lease for the fair market value.
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