Business Debt

Date: Sun, 10/03/2010 - 05:16

Submitted by anonymous
on Sun, 10/03/2010 - 05:16

Posts: 202330 Credits: [Donate]

Total Replies: 3

Hello, We are five months behind on the rent for our business with 20 months left on our loan. What are our options? We do not want to file bankruptcy and we do not want to lose everything we have.

You can negotiate with your creditors for an alternative repayme

You can negotiate with your creditors for an alternative repayment plan. Request them to extend the loan term. If the creditors refuse to negotiate, then get enrolled in a business debt consolidation program or loan.

lrhall41

Submitted by Good Nelly on Mon, 10/04/2010 - 05:00

( Posts: 2846 | Credits: )

I would call 866-833-6398 they don't take any upfront fees and y

I would call 866-833-6398 they don't take any upfront fees and you pay the creditor directly and they only charge a small fee after the settlement letter is sent directly from the creditor or it's agent. They can settle between 20-35 cents on the dollar.

lrhall41

Submitted by on Mon, 10/04/2010 - 09:37

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I am a little confused by your description of your situation. Y

I am a little confused by your description of your situation. You are behind on the rent but have 20 months left on the loan? What kind of loan is it and what is it for? Who are you paying rent to?

lrhall41

Submitted by Damon on Tue, 10/05/2010 - 12:35

( Posts: 80 | Credits: )