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Friday, March 10, 2006

Different Types of Lenders

Lenders come in many forms. There are standard cash advance or payday loan lenders. Then there are lawsuit loan or settlement funding lenders. The last resort is when people cash out with a home mortgage and use a mortgage company to refi or consolidate debt with a broker.

No matter how you get more money; there is a wide variety of ways to lower your monthly payments and move debt; however, make sure you chose a responsible lender and do your homework with a variety of lenders. Often you can work with any lender on payments and fees. Lenders know your already challenged with the finacial burden of a unfortunate situation. Brokers are eager to make your life easier and can cut slack where needed.

Not every lender is the same so make sure you take your time and get multiple quotes.

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