Personal Loans

DEFERMENTS: Curadebt can arrange a deferment of your payment to a date sometime in the future. Usually, the payments can be deferred for as much as a year. In some circumstances, the deferment period could be substantially longer. During this period, the interest accrues and the balance on your loan will increase accordingly.

FORBEARANCE: In this plan, the borrower is behind in payments and there is a demand for the full amount owed in arrears. We are generally able to negotiate a payment plan for the amount in arrears over a year or 18 months. Typically, after a year, the loan will be brought current and negative credit information will be deleted or modified to show that the loan is current.

CONSOLIDATION: In this plan, multiple existing personal loans can be combined into a single agency or one single account.

HARDSHIPS: Under certain rare circumstances, personal loans may be forgiven deeply discounted or discharged in bankruptcy. Typically, this kind of arrangement requires special circumstances … disability, injury or other circumstance that makes it impossible or difficult to repay the loan.