The carriage, so to speak, eventually turns back into the pumpkin, and then you could be left holding the bag with a axed out credit card and a new APO of, say, 22 percent. Mortgage payments, car payments and, for business owners, payroll have all become increasingly harder to pay. Since there is a lot of documentation to be checked especially those related to the property used as collateral, the approval process takes a bit longer than with unsecured loans. According to Charles Dunbar, a National Financial Network agent, Business Reducing Term addresses a critical gap in the contingency plans

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