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  2. Can a goodwill letter get late payments removed from your ...

    www.aol.com/finance/goodwill-letters-payments...

    Here is an example template for a possible letter. Example template ... payment or hardship letters. ... to remove the negative mark from your credit report. When writing your letter, be sure to ...

  3. The Hardship Letter: Four Points to Make When Seeking a ... - AOL

    www.aol.com/news/2011-03-28-the-hardship-letter...

    Many a homeowner has been "inspired" to do-it-yourself-dom by a traumatic encounter with a bad contractor (traumatic to the psyche -- or the pocketbook).

  4. How to settle credit card debt - AOL

    www.aol.com/finance/settle-credit-card-debt...

    Credit card hardship programs. Many lenders offer credit card hardship programs to their customers. This might include a temporary reduction in interest rates and protection from collections for ...

  5. Hardship clause - Wikipedia

    en.wikipedia.org/wiki/Hardship_clause

    The hardship clause is sometimes used in relation to force majeure, particularly because they share similar features and they both cater to situations of changed circumstances. The difference between the two concepts is that hardship is the performance of the disadvantaged party becoming much more burdensome but still possible.

  6. Preferential creditor - Wikipedia

    en.wikipedia.org/wiki/Preferential_creditor

    A preferential creditor (in some jurisdictions called a preferred creditor) is a creditor receiving a preferential right to payment upon the debtor's bankruptcy under applicable insolvency laws. In most legal systems, some creditors are given priority over ordinary creditors, either for the whole amount of their claims or up to a certain value.

  7. Uniform Customs and Practice for Documentary Credits

    en.wikipedia.org/wiki/Uniform_Customs_and...

    The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.

  8. What happens if you are late on your chapter 13 bankruptcy ...

    www.aol.com/finance/happens-chapter-13...

    In the case of financial hardship, this could result in a lower payment than you were previously making. Convert to Chapter 7 Though Chapter 7 may result in losing property, it could be the better ...

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