Top 5 Ways to Restructure Debt

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Debt restructuring is a term used to describe when a lender and a borrower revise the terms of a loan agreement. Making modifications to a loan is usually necessary only when the borrower is at risk of defaulting on their loan due to financial hardship, and is typically requested by the borrower, but may be offered by the lender if they see that the borrower is struggling to make on-time or full payments.
Top 5 Ways to Restructure Debt
Jupiterimages/Photos.com/Getty Images
Debt restructuring is a term used to describe when a lender and a borrower revise the terms of a loan agreement. Making modifications to a loan is usually necessary only when the borrower is at risk of defaulting on their loan due to financial hardship, and is typically requested by the borrower, but may be offered by the lender if they see that the borrower is struggling to make on-time or full payments.
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