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If the debt is structured in such a way that the lender can demand payment in full at any time, then sure, that might work. But the vast majority of debt is not
by 4death4 3y ago
If the debt is structured in such a way that the lender can demand payment in full at any time, then sure, that might work. But the vast majority of debt is not structured like that.
- gameshot911 3y agoI meant more so get paid in full whatever you're owed at that point in time. But you're right, sure you may get full payment on the 1/20th of a debt you're owed today, but if that puts the rest of the repayments at risk I can see why you'd want to negotiate.
- bryanlarsen 3y agoI've never seen loans of that size, but in my understanding a lot of debt is structured so that if a payment is missed the lender can call the entire amount.