Private loans have gotten a deservedly bad rap because of their inflexible nature. Well, it appears that it is snowing in hell (and currently in Buffalo, NY). Wells Fargo and Discover are allowing people to modify their PRIVATE loans when they experience hardships. What the what? Apparently, they are also doing it of their own volition (or on the advice of a PR firm). This is potentially good news for those burdened by private loans.
Who knows how this will actually manifest, or how much help it will truly bring people. Still, it is a start. A start of something good, I hope.
No comments:
Post a Comment