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Personal Finance Debt Glossary: H

hardships and debt settlement - Clients whom have lost their jobs and have no means of financial support have very good chances of reaching favorable settlements with their creditors. Also, clients experiencing divorce and medical issues which inhibit them from making their payments are highly likely to receive the desired results through debt settlement. Even people who are current on their bills but continually struggle to stay current may find that they also are candidates for a debt settlement program. Finally, those who are on a limited fixed income have very good chances of reaching positive settlement results. By no means are these the only legitimate hardships by which a settlement can be reached. Since each debt situation is unique to each client there may be other hardships which will also serve as being valid, therefore helping to reach a settlement with the creditors.

 

hard loan - A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution.


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