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Dealing directly with all the [http://www.sbaloans-123.com/sba-loans/five-reasons-your-sba-loan-may-be-declined SBA loan declined]or even a collection company can be quite difficult for the reason that don't provide you with admission to decision makers, so it's sometimes impossible to know why a deal was declined.

Settlement offers that you will find acceptable when submitted from your lender in many cases are declined when submitted directly to the SBA, the Treasury, or even a collection company. Difficult fair, but it does not take [http://www.sbaloans-123.com/sba-loans/five-reasons-your-sba-loan-may-be-declined reasons SBA loan declined] debt settlement.

Overall, it's bad that my client didn't get in touch with his lender as soon as his business closed. Instead, he waited to know from his lender, and unfortunately he never heard from them (unfortunately, many lenders follow this practice because they're overwhelmed with files and lack the person capacity to [http://www.sbaloans-123.com/sba-loans/five-reasons-your-sba-loan-may-be-declined small business loan declined] think the OIC process collectively borrower). Therefore, possibilities to get the loan settled passed, and have become mired within a process which could take years to fix. As I always tell my clients, if you need to settle, apply it before later because once the window of chance to deal directly with the lender closes, it's closed forever.