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Bernie

1 year ago

Maxine, refinancing when loan repayments are behind, is difficult and, as Vince mentioned, the rates are unlikely to be better. It is great that you have a repayment plan in place though and you are trying to recover the arrears. I would suggest following that repayment plan and, once you have caught up, you could look at refinancing to a lender for a better rate. If you would like to discuss a possible strategy for that refinancing in the future, the details are in my profile. Bernie

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Vince

1 year ago

Hi Maxine, It is difficult to get a good rate when loans are in arrears, it's not impossible to move to another lender, but rates may not be any better,

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