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Chapter 10. Dealing with a Debt Crisis > What if Your Creditors Won't Budge?

What if Your Creditors Won't Budge?

Barbara in Connecticut cosigned $40,000 in student loans for her son, who then had trouble finding work after college. She and her husband had their own troubles, including injuries and job losses that reduced their income substantially.

The family fell behind on its payments, and the loans were turned over to collections. Their pleas for a repayment plan they can afford have been rebuffed.


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