Easier to renegotiate loans3 of 7Credit unions typically offer lower loan rates.But what about renegotiating loans if you fall behind? At credit unions, the process is usually simple. "You can do it in one phone call," Legg says. "We look at each independent loan to see opportunities."Still, there may be restrictions, such as paying down part of your loan. And one downside is that renegotiating a loan can tarnish your credit score. Related Articles:Skip uninsured CD sharesCredit union or bank?Credit unions faring wellNew credit union servicesRelated Links:Banking at credit unionsHelp with pet health careFinancial plan for petsMaking pet travel easy advertisement
Credit unions typically offer lower loan rates.
But what about renegotiating loans if you fall behind? At credit unions, the process is usually simple. "You can do it in one phone call," Legg says. "We look at each independent loan to see opportunities."
Still, there may be restrictions, such as paying down part of your loan. And one downside is that renegotiating a loan can tarnish your credit score.
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