If I sign a reaffirmation agreement, can it be different terms than the original contract?
By Pamela Stewart, Attorney at Law on Oct 22, 2007 in General Bankruptcy Information
The simple answer is yes - if you can get the lender/creditor to agree. A reaffirmation agreement is a new contract between you and the lender/creditor. If you must sign a reaffirmation agreement, I would encourage you to negotiate the interest rate, the balance owed, and/or the length of time to pay out the debt.
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