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

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

    The Hardship Letter: Four Points to Make When Seeking a Home Loan Modification or Short Sale. Tara-Nicholle Nelson. Updated July 14, 2016 at 9:15 PM. foreclosure sign - home loan modification.

  3. Financial distress - Wikipedia

    en.wikipedia.org/wiki/Financial_distress

    Financial distress is a term in corporate finance used to indicate a condition when promises to creditors of a company are broken or honored with difficulty. If financial distress cannot be relieved, it can lead to bankruptcy. Financial distress is usually associated with some costs to the company; these are known as costs of financial distress.

  4. Forbearance - Wikipedia

    en.wikipedia.org/wiki/Forbearance

    For example, borrowers in short-term financial difficulty would be more likely to be approved of either a (short term) full moratorium or negative-amortising deal than customers in long-term financial difficulty, where the lender would at all times seek to ensure that the capital balance continues to be reduced (via an amortising forbearance ...

  5. Consumer financial-hardship agreements slow but remain high - AOL

    www.aol.com/news/consumer-financial-hardship...

    Overall, the hardship agreements — which can put a pause on payments or provide consumers other relief — hit their peak in May at 4.77%. TransUnion looked at auto, credit card, mortgage and ...

  6. Student loan deferment - Wikipedia

    en.wikipedia.org/wiki/Student_loan_deferment

    Students may be eligible for deferment while experiencing financial hardship or unemployment. [4] The lender may require valid proof of financial hardship and other financial information when the student applies.

  7. How to Prepare for and Survive Financial Hardship - AOL

    www.aol.com/finance/prepare-survive-financial...

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  8. Making Home Affordable - Wikipedia

    en.wikipedia.org/wiki/Making_Home_Affordable

    The Home Affordable Modification Program (HAMP) is a government program introduced in 2009 to respond to the subprime mortgage crisis.HAMP [10] is part of the Making Home Affordable program (MHA), [11] established in concert with the Hardest Hit Fund program (HHF) [12] under the Troubled Asset Relief Program (TARP), a part of the Emergency Economic Stabilization Act of 2008. [13]

  9. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

    www.aol.com/finance/401-k-ira-hardship...

    A hardship withdrawal allows the owner of a 401(k) plan or a similar retirement plan — such as a 403(b) — to withdraw money from the account to meet a dire financial need.

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