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Once the lender stops sending statements, the loan should be frozen at that amount. By not sending statements, they hide the problem and shouldn't be allowed to
by workingdog 2y ago
Once the lender stops sending statements, the loan should be frozen at that amount. By not sending statements, they hide the problem and shouldn't be allowed to benefit by later springing the problem onto someone who had no idea there was a problem.
- everybodyknows 2y agoYes. To further the rationale: By not sending statements, they are demonstrating inability to process payments in an orderly fashion, as is their responsibility.