Accrued Interest Lawyers Lender 
Sawin & Shea
NOVEMBER 30, 2022
If the lender sells the loan to a collection agency after you default, you’ll also face additional fees and higher interest rates. It also allows you to pick a new loan servicer if you’re not satisfied with your current lender. These payments go toward collection fees and interest.
BN Lawyers
MARCH 23, 2020
Most creditors (lenders, suppliers, employees) will be aware of the distress facing the entire service industry. A lender may be willing to forbear payments in exchange for extending repayment out over an additional six-months to avoid forcing your business into bankruptcy. High Priority: Critical Vendors, Secured Lenders, and Lessors.
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