If you want to make a bank loan but you missed some payments..?
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a friend of mine wants a loan but he miis some payments,is it possible to transfer the dept to another bank and start to pay from the beggining(after 1 month)
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Answer:
Yes and no, more no. He can transfer the loan to another bank and then dispute the missed payments from the old loan on his credit report. But the likelihood of being successful is very low. The time frame is pretty long, too. Ultimately, he's going to have to deal with the late payments and adjust for it in other ways.
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