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A borrower has rights if they have trouble paying their debt

If a borrower is having financial difficulty they can apply to the lender and ask them to change their contract.

If a borrower is having financial difficulty they can apply to the lender and ask them to change their contract. The creditor must respond to this request within 21 days. This applies to loans of up to $500,000, depending on the date that the contract was made.

See If a borrower cannot pay.

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