Hard Money Loans

Business Hard Money Loans

Entries Tagged ‘judgment’

SBA 7a Loan Default – Personal Judgments – What Can Happen?

Quite often, we get calls from borrowers in a panic. They got a letter from the banks lawyer, and the bank is seeking a personal judgment against them. People don’t always know exactly what that means, but they know it ain’t good.

Comments Off

SBA Debt Workout – Get Sued and Get Judgment

Everyone gets so upset over bank law suits and judgments entered against him or her. I understand it is not a pleasant experience but it means you really owe the bank some money. Sure, it may hurt your credit score a bit, but chances are you are in need of a credit rehabilitation program anyway and the debt relief can be worked out later.

Comments Off

  

Powered by Yahoo! Answers