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Bad credit. State-issued licenses can. be withdrawn. Income tax refunds can. be withheld. ... c. Defaulted loans are not reported to credit bureaus. ...
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you can refinance a 30-year mortgage to a 15-year mortgage. This usually means higher monthly payments because of the shorter term, but it can greatly reduce the total interest paid over the life of the loan.
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What is an installment loan? It is a loan of two or more planned and equal repayments. It can be a 3 month loan, 6 month loan or even a 25 or 30 year mortgage!