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Old 03-15-2009, 02:09 PM
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Default should I make payments waiting for a loan modification

that is a personal issue but remember that you will be required in many instances to provide a contribution, sometimes as high as 50% of past due. That is negotiable. That is true when you are on a repayment/forbearance plan you will be continued to be reported late with the credit bureau and monies will be held in a suspense account until the end of the plan.
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