What does it mean when your Mortgate Company tells you the reaffirmation is on hold?
Date: Fri, 08/17/2012 14:16
We had our Bankruptcy meeting on July 22, 2012. As of that time our attorney had not received any reaffirmation agreements from our 4 secured loans. I have been making these payments on time and when I called HSBC to make our August mortgage payment I asked if they had sent out the reaffirmation papers yet. The told me that the reaffirmation was put on hold and would not tell me any information as to why. What does that mean and why would HSBC put the reaffirmation on hold?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.