Loan using car as coLLateraL

For those of you who have a loan modification, there is some good news. There is a new program that can get your loan modified in 7 days or less. This program works from the time that you are approved, assuming that you get approved. For it to work, you have to submit an authorization letter that allows a loan modification company to contact your lender on your behalf. This normally takes 24 to 48 hours to complete. After that, the company will contact your lender and verify that you are approved for a loan modification under their current guidelines. The company will show you verifiable proof of this modification, including your new interest rate and payment. If this is a beneficial modification (i.e. your monthly payments decrease) you can then choose to move on with the modification process. The loan modification itself can be completed in under 7 days at this time. To further ease your financial burden, many times your new payment can be pushed back 30 days or more. This is a new program and is only availbe through a select group of loan modification specialists. It is unlike a traditional loan modification in that you do not have to wait 2 to 3 months to complete your loan mod. This will alleviate going through the stress of a traditional modification. You also get to know if you are approved upfront and before you pay for these services. There are no upfront fees with this program, you can determine if you are qualified and what your new interest rate and payment will be without making a single deposit. There is no obligation to continue with the program as well.

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