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.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

Additional Creditors Rights Articles

Search LawInfo's Creditors Rights Resources